28,798 Shares in StoneX Group Inc. (NASDAQ:SNEX) Purchased by Riverwater Partners LLC

Riverwater Partners LLC acquired a new position in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 28,798 shares of the company's stock, valued at approximately $2,346,000. StoneX Group comprises 1.2% of Riverwater Partners LLC's holdings, making the stock its 17th largest position. Riverwater Partners LLC owned about 0.09% of StoneX Group at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. International Assets Investment Management LLC boosted its holdings in shares of StoneX Group by 8,088.0% in the 3rd quarter. International Assets Investment Management LLC now owns 24,564 shares of the company's stock valued at $2,011,000 after buying an additional 24,264 shares during the last quarter. Cadent Capital Advisors LLC bought a new stake in StoneX Group during the third quarter worth $212,000. NBC Securities Inc. lifted its stake in StoneX Group by 6.2% in the third quarter. NBC Securities Inc. now owns 23,265 shares of the company's stock valued at $1,904,000 after acquiring an additional 1,363 shares during the last quarter. Creative Planning grew its position in shares of StoneX Group by 21.0% in the 3rd quarter. Creative Planning now owns 3,839 shares of the company's stock valued at $314,000 after acquiring an additional 667 shares during the period. Finally, CX Institutional acquired a new position in shares of StoneX Group during the 3rd quarter worth about $2,823,000. Institutional investors own 75.93% of the company's stock.

Insider Buying and Selling at StoneX Group

In other StoneX Group news, CEO Philip Andrew Smith sold 4,000 shares of the company's stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $75.89, for a total value of $303,560.00. Following the transaction, the chief executive officer now directly owns 221,898 shares in the company, valued at $16,839,839.22. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 16.24% of the company's stock.

StoneX Group Stock Performance

Shares of SNEX stock traded up $0.04 on Thursday, reaching $84.84. The stock had a trading volume of 156,834 shares, compared to its average volume of 128,049. StoneX Group Inc. has a 12 month low of $57.46 and a 12 month high of $88.80. The company has a quick ratio of 1.20, a current ratio of 1.64 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of 11.32 and a beta of 0.76. The firm's 50-day moving average is $82.31 and its two-hundred day moving average is $77.22.

StoneX Group (NASDAQ:SNEX - Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.13. StoneX Group had a return on equity of 15.89% and a net margin of 0.27%. The firm had revenue of $913.70 million for the quarter, compared to analyst estimates of $817.80 million. On average, research analysts expect that StoneX Group Inc. will post 7.75 EPS for the current fiscal 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.