Cornercap Investment Counsel Inc. Acquires 2,779 Shares of StoneX Group Inc. (NASDAQ:SNEX)

Cornercap Investment Counsel Inc. boosted its holdings in shares of StoneX Group Inc. (NASDAQ:SNEX) by 53.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 7,964 shares of the company’s stock after buying an additional 2,779 shares during the period. Cornercap Investment Counsel Inc.’s holdings in StoneX Group were worth $588,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Exchange Traded Concepts LLC purchased a new stake in StoneX Group during the third quarter valued at about $29,000. Qube Research & Technologies Ltd purchased a new stake in StoneX Group during the third quarter valued at about $41,000. Tower Research Capital LLC TRC raised its position in StoneX Group by 160.9% during the first quarter. Tower Research Capital LLC TRC now owns 420 shares of the company’s stock valued at $43,000 after purchasing an additional 259 shares in the last quarter. Allworth Financial LP raised its position in StoneX Group by 49.5% during the fourth quarter. Allworth Financial LP now owns 815 shares of the company’s stock valued at $60,000 after purchasing an additional 270 shares in the last quarter. Finally, State of Wyoming raised its position in StoneX Group by 39.6% during the second quarter. State of Wyoming now owns 1,244 shares of the company’s stock valued at $103,000 after purchasing an additional 353 shares in the last quarter. Hedge funds and other institutional investors own 75.93% of the company’s stock.

StoneX Group Trading Down 1.2 %

NASDAQ SNEX opened at $64.44 on Wednesday. The stock’s 50-day simple moving average is $67.47 and its two-hundred day simple moving average is $66.22. StoneX Group Inc. has a twelve month low of $49.62 and a twelve month high of $74.01. The company has a quick ratio of 1.20, a current ratio of 1.59 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of 8.99 and a beta of 0.87.

StoneX Group (NASDAQ:SNEX) last released its quarterly earnings results on Tuesday, February 6th. The company reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.46. The business had revenue of $784.20 million for the quarter, compared to the consensus estimate of $781.80 million. StoneX Group had a return on equity of 17.48% and a net margin of 0.34%. Research analysts forecast that StoneX Group Inc. will post 7.64 EPS for the current fiscal year.

Insider Transactions at StoneX Group

In other news, Director Scott J. Branch sold 7,500 shares of StoneX Group stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $63.87, for a total value of $479,025.00. Following the transaction, the director now owns 519,934 shares in the company, valued at $33,208,184.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CEO Charles M. Lyon sold 15,552 shares of StoneX Group stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $65.11, for a total value of $1,012,590.72. Following the transaction, the chief executive officer now owns 61,557 shares in the company, valued at $4,007,976.27. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Scott J. Branch sold 7,500 shares of StoneX Group stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $63.87, for a total value of $479,025.00. Following the completion of the transaction, the director now owns 519,934 shares in the company, valued at approximately $33,208,184.58. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 56,348 shares of company stock worth $3,769,436. Company insiders own 16.24% of the company’s stock.

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.