Oppenheimer Asset Management Inc. Decreases Position in StoneX Group Inc. (NASDAQ:SNEX)

Oppenheimer Asset Management Inc. cut its stake in StoneX Group Inc. (NASDAQ:SNEX) by 11.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,516 shares of the company’s stock after selling 477 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in StoneX Group were worth $265,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SNEX. FinTrust Capital Advisors LLC lifted its stake in StoneX Group by 50.0% in the 4th quarter. FinTrust Capital Advisors LLC now owns 450 shares of the company’s stock valued at $33,000 after buying an additional 150 shares in the last quarter. Quest Partners LLC lifted its stake in StoneX Group by 9,133.3% in the 2nd quarter. Quest Partners LLC now owns 554 shares of the company’s stock worth $42,000 after purchasing an additional 548 shares in the last quarter. nVerses Capital LLC purchased a new position in StoneX Group in the 2nd quarter worth approximately $68,000. Quadrant Capital Group LLC lifted its stake in StoneX Group by 107.2% in the 4th quarter. Quadrant Capital Group LLC now owns 953 shares of the company’s stock worth $70,000 after purchasing an additional 493 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. lifted its stake in StoneX Group by 49.7% in the 4th quarter. C M Bidwell & Associates Ltd. now owns 1,066 shares of the company’s stock worth $79,000 after purchasing an additional 354 shares in the last quarter. 75.93% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at StoneX Group

In other news, Director John Moore Fowler sold 400 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $79.26, for a total transaction of $31,704.00. Following the completion of the sale, the director now owns 2,000 shares in the company, valued at approximately $158,520. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Xuong Nguyen sold 8,091 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $80.00, for a total transaction of $647,280.00. Following the completion of the sale, the insider now owns 60,816 shares in the company, valued at approximately $4,865,280. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Moore Fowler sold 400 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $79.26, for a total transaction of $31,704.00. Following the sale, the director now owns 2,000 shares of the company’s stock, valued at approximately $158,520. The disclosure for this sale can be found here. Insiders sold 12,491 shares of company stock worth $982,544 in the last 90 days. Insiders own 16.24% of the company’s stock.

StoneX Group Trading Down 1.1 %

SNEX opened at $83.52 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.64 and a quick ratio of 1.20. The company’s 50 day simple moving average is $79.96 and its two-hundred day simple moving average is $74.60. StoneX Group Inc. has a 1-year low of $57.46 and a 1-year high of $84.92. The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of 11.14 and a beta of 0.76.

StoneX Group (NASDAQ:SNEX) last released its earnings results on Tuesday, August 6th. The company reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.13. StoneX Group had a net margin of 0.27% and a return on equity of 15.89%. The business had revenue of $913.70 million for the quarter, compared to analyst estimates of $817.80 million. Analysts expect that StoneX Group Inc. will post 7.45 EPS for the current fiscal year.

About StoneX Group

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.