State of New Jersey Common Pension Fund D Cuts Stake in StoneX Group Inc. (NASDAQ:SNEX)

State of New Jersey Common Pension Fund D lowered its stake in shares of StoneX Group Inc. (NASDAQ:SNEX) by 37.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,640 shares of the company’s stock after selling 14,787 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.08% of StoneX Group worth $1,856,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in SNEX. Texas Permanent School Fund Corp raised its position in StoneX Group by 10.3% during the second quarter. Texas Permanent School Fund Corp now owns 26,196 shares of the company’s stock valued at $1,973,000 after acquiring an additional 2,449 shares in the last quarter. Van Berkom & Associates Inc. raised its position in StoneX Group by 1.6% during the second quarter. Van Berkom & Associates Inc. now owns 1,415,432 shares of the company’s stock worth $106,596,000 after acquiring an additional 21,608 shares during the period. 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 valued at $42,000 after buying an additional 548 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of StoneX Group by 3.0% in the second quarter. Arizona State Retirement System now owns 7,949 shares of the company’s stock worth $599,000 after acquiring an additional 234 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in StoneX Group by 10.5% during the 2nd quarter. Victory Capital Management Inc. now owns 12,492 shares of the company’s stock worth $941,000 after purchasing an additional 1,185 shares during the last quarter. Hedge funds and other institutional investors own 75.93% of the company’s stock.

Insider Transactions at StoneX Group

In other news, 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 sale, the director now directly owns 2,000 shares of the company’s stock, valued at $158,520. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director John Moore Fowler sold 400 shares of StoneX Group 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 sale, the director now directly owns 2,000 shares in the company, valued at $158,520. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Philip Andrew Smith sold 4,000 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $75.89, for a total transaction of $303,560.00. Following the sale, the chief executive officer now directly owns 221,898 shares in the company, valued at approximately $16,839,839.22. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,491 shares of company stock worth $982,544. 16.24% of the stock is currently owned by insiders.

StoneX Group Stock Performance

Shares of StoneX Group stock opened at $83.52 on Monday. The business’s 50 day moving average price is $79.96 and its 200 day moving average price is $74.65. The company has a market cap of $2.65 billion, a price-to-earnings ratio of 11.14 and a beta of 0.76. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.20 and a current ratio of 1.64. StoneX Group Inc. has a one year low of $57.46 and a one year high of $84.92.

StoneX Group (NASDAQ:SNEX) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $1.91 earnings per share (EPS) 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 company had revenue of $913.70 million for the quarter, compared to analyst estimates of $817.80 million. On average, research analysts predict that StoneX Group Inc. will post 7.45 EPS for the current year.

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.