Victory Capital Management Inc. Purchases 1,185 Shares of StoneX Group Inc. (NASDAQ:SNEX)

Victory Capital Management Inc. grew its position in StoneX Group Inc. (NASDAQ:SNEX) by 10.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,492 shares of the company’s stock after purchasing an additional 1,185 shares during the quarter. Victory Capital Management Inc.’s holdings in StoneX Group were worth $941,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in StoneX Group by 1.8% during the first quarter. Vanguard Group Inc. now owns 1,909,965 shares of the company’s stock valued at $134,194,000 after acquiring an additional 34,112 shares during the last quarter. Private Capital Management LLC boosted its position in shares of StoneX Group by 50.9% during the 4th quarter. Private Capital Management LLC now owns 555,572 shares of the company’s stock valued at $41,018,000 after purchasing an additional 187,349 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of StoneX Group by 0.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 450,770 shares of the company’s stock valued at $31,672,000 after purchasing an additional 1,508 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in StoneX Group by 21.4% during the second quarter. Assenagon Asset Management S.A. now owns 328,751 shares of the company’s stock worth $24,758,000 after purchasing an additional 57,938 shares during the period. Finally, Wellington Management Group LLP increased its holdings in StoneX Group by 44.3% in the fourth quarter. Wellington Management Group LLP now owns 252,140 shares of the company’s stock worth $18,615,000 after purchasing an additional 77,401 shares in the last quarter. 75.93% of the stock is currently owned by institutional investors and hedge funds.

StoneX Group Price Performance

Shares of SNEX opened at $83.52 on Friday. The firm has a market cap of $2.65 billion, a PE ratio of 11.14 and a beta of 0.76. StoneX Group Inc. has a 52-week low of $57.46 and a 52-week high of $84.92. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.20 and a current ratio of 1.64. The business’s 50 day moving average price is $79.96 and its two-hundred day moving average price is $74.56.

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

Insider Activity

In other news, CEO Philip Andrew Smith sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $75.89, for a total value of $303,560.00. Following the completion of the sale, the chief executive officer now directly owns 221,898 shares in the company, valued at approximately $16,839,839.22. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Philip Andrew Smith sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $75.89, for a total transaction of $303,560.00. Following the transaction, the chief executive officer now directly owns 221,898 shares of the company’s stock, valued at approximately $16,839,839.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director John Moore Fowler sold 400 shares of the stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $79.26, for a total value of $31,704.00. Following the completion of the transaction, the director now owns 2,000 shares in the company, valued at approximately $158,520. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,491 shares of company stock worth $982,544. Company 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.