Millington Financial Advisors LLC Boosts Stock Position in StoneX Group Inc. (NASDAQ:SNEX)

Millington Financial Advisors LLC raised its position in shares of StoneX Group Inc. (NASDAQ:SNEX) by 51.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,312 shares of the company’s stock after purchasing an additional 6,875 shares during the period. StoneX Group comprises 1.2% of Millington Financial Advisors LLC’s portfolio, making the stock its 24th biggest position. Millington Financial Advisors LLC’s holdings in StoneX Group were worth $1,500,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of SNEX. Assenagon Asset Management S.A. raised its position in StoneX Group by 102.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 220,725 shares of the company’s stock valued at $16,296,000 after purchasing an additional 111,948 shares in the last quarter. Van Berkom & Associates Inc. raised its position in StoneX Group by 9.6% during the 3rd quarter. Van Berkom & Associates Inc. now owns 1,002,622 shares of the company’s stock valued at $97,174,000 after purchasing an additional 87,538 shares in the last quarter. Brandywine Global Investment Management LLC bought a new position in shares of StoneX Group in the 3rd quarter worth $6,134,000. Woodmont Investment Counsel LLC raised its position in shares of StoneX Group by 45.8% in the 4th quarter. Woodmont Investment Counsel LLC now owns 125,174 shares of the company’s stock worth $9,242,000 after acquiring an additional 39,302 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of StoneX Group by 367.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 45,545 shares of the company’s stock worth $4,414,000 after acquiring an additional 35,803 shares in the last quarter. 75.93% of the stock is owned by institutional investors.

StoneX Group Stock Up 2.8 %

Shares of SNEX traded up $1.92 during trading hours on Tuesday, hitting $69.56. The company had a trading volume of 167,660 shares, compared to its average volume of 124,008. The company has a market capitalization of $2.19 billion, a PE ratio of 9.70 and a beta of 0.87. The company has a current ratio of 1.59, a quick ratio of 1.20 and a debt-to-equity ratio of 0.87. StoneX Group Inc. has a one year low of $49.62 and a one year high of $74.01. The company’s fifty day moving average price is $67.60 and its two-hundred day moving average price is $66.34.

StoneX Group (NASDAQ:SNEX) last released its quarterly earnings results on Tuesday, February 6th. The company reported $2.16 EPS for the quarter, topping the consensus estimate of $1.70 by $0.46. The firm had revenue of $784.20 million during the quarter, compared to analyst estimates of $781.80 million. StoneX Group had a return on equity of 17.48% and a net margin of 0.34%. As a group, equities analysts forecast that StoneX Group Inc. will post 7.64 earnings per share for the current fiscal year.

Insider Transactions at StoneX Group

In related news, CEO Philip Andrew Smith sold 7,000 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $69.73, for a total transaction of $488,110.00. Following the transaction, the chief executive officer now directly owns 233,898 shares of the company’s stock, valued at approximately $16,309,707.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other StoneX Group news, Director Scott J. Branch sold 7,500 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $63.87, for a total transaction of $479,025.00. Following the sale, the director now owns 519,934 shares in the company, valued at approximately $33,208,184.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Philip Andrew Smith sold 7,000 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $69.73, for a total transaction of $488,110.00. Following the completion of the transaction, the chief executive officer now owns 233,898 shares in the company, valued at approximately $16,309,707.54. The disclosure for this sale can be found here. In the last three months, insiders sold 56,348 shares of company stock valued at $3,769,436. Corporate insiders own 16.24% of the company’s stock.

StoneX Group Company Profile

StoneX Group Inc operates as a global financial services network that connects companies, organizations, traders, and investors to market ecosystem worldwide. The company operates through Commercial, Institutional, Retail, and Global Payments segments. The Commercial segment provides risk management and hedging, exchange-traded and OTC products execution and clearing, voice brokerage, market intelligence, physical trading, and commodity financing and logistics services.