BayBridge Capital Group LLC Acquires New Holdings in StoneX Group Inc. (NASDAQ:SNEX)

BayBridge Capital Group LLC purchased a new stake in StoneX Group Inc. (NASDAQ:SNEX - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 6,020 shares of the company's stock, valued at approximately $493,000.

A number of other institutional investors have also recently made changes to their positions in the business. SummerHaven Investment Management LLC lifted its holdings in shares of StoneX Group by 1.6% in the 2nd quarter. SummerHaven Investment Management LLC now owns 12,699 shares of the company's stock valued at $956,000 after acquiring an additional 199 shares during the last quarter. Arizona State Retirement System raised its position in StoneX Group by 3.0% in the 2nd quarter. Arizona State Retirement System now owns 7,949 shares of the company's stock worth $599,000 after purchasing an additional 234 shares during the period. Louisiana State Employees Retirement System raised its position in StoneX Group by 2.2% in the 2nd quarter. Louisiana State Employees Retirement System now owns 13,700 shares of the company's stock worth $1,032,000 after purchasing an additional 300 shares during the period. Millington Financial Advisors LLC raised its position in StoneX Group by 1.5% in the 2nd quarter. Millington Financial Advisors LLC now owns 21,860 shares of the company's stock worth $1,646,000 after purchasing an additional 331 shares during the period. Finally, Illinois Municipal Retirement Fund raised its position in StoneX Group by 2.5% in the 1st quarter. Illinois Municipal Retirement Fund now owns 15,565 shares of the company's stock worth $1,094,000 after purchasing an additional 375 shares during the period. Institutional investors own 75.93% of the company's stock.

Insider Buying and Selling

In other news, CEO Philip Andrew Smith sold 4,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 7th. The shares were 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. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 16.24% of the stock is currently owned by corporate insiders.

StoneX Group Trading Up 0.9 %

StoneX Group stock traded up $0.79 during midday trading on Friday, reaching $85.63. The stock had a trading volume of 299,787 shares, compared to its average volume of 104,925. The company has a quick ratio of 1.20, a current ratio of 1.64 and a debt-to-equity ratio of 1.04. StoneX Group Inc. has a 52-week low of $59.07 and a 52-week high of $88.80. The firm has a market cap of $2.72 billion, a price-to-earnings ratio of 11.87 and a beta of 0.76. The company has a fifty day moving average of $82.52 and a 200 day moving average of $77.47.

StoneX Group (NASDAQ:SNEX - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $913.70 million for the quarter, compared to analyst estimates of $817.80 million. On average, analysts anticipate that StoneX Group Inc. will post 7.75 earnings per share 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.