Harbor Capital Advisors Inc. Has $25.47 Million Stock Holdings in StoneX Group Inc. (NASDAQ:SNEX)

Harbor Capital Advisors Inc. raised its holdings in StoneX Group Inc. (NASDAQ:SNEX) by 148.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 311,088 shares of the company’s stock after buying an additional 185,769 shares during the quarter. StoneX Group accounts for 1.1% of Harbor Capital Advisors Inc.’s investment portfolio, making the stock its 3rd largest holding. Harbor Capital Advisors Inc. owned about 0.98% of StoneX Group worth $25,472,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of SNEX. State of Alaska Department of Revenue raised its holdings in shares of StoneX Group by 0.9% during the third quarter. State of Alaska Department of Revenue now owns 16,146 shares of the company’s stock valued at $1,322,000 after purchasing an additional 145 shares during the period. SummerHaven Investment Management LLC raised its holdings in shares of StoneX Group by 1.6% during the second quarter. SummerHaven Investment Management LLC now owns 12,699 shares of the company’s stock valued at $956,000 after purchasing an additional 199 shares during the period. Arizona State Retirement System raised its holdings in shares of StoneX Group by 3.0% during the second quarter. Arizona State Retirement System now owns 7,949 shares of the company’s stock valued at $599,000 after purchasing an additional 234 shares during the period. Louisiana State Employees Retirement System raised its position in shares of StoneX Group by 2.2% during the second 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. Finally, Millington Financial Advisors LLC lifted its holdings in shares of 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 in the last quarter. Institutional investors and hedge funds own 75.93% of the company’s stock.

Insiders Place Their Bets

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 stock was sold at an average price of $75.89, for a total value of $303,560.00. Following the transaction, the chief executive officer now owns 221,898 shares in the company, valued at $16,839,839.22. This trade represents 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 through this hyperlink. Corporate insiders own 16.24% of the company’s stock.

StoneX Group Stock Performance

NASDAQ SNEX opened at $90.75 on Friday. The company has a market cap of $2.88 billion, a P/E ratio of 12.58 and a beta of 0.75. The company has a fifty day simple moving average of $83.53 and a 200 day simple moving average of $78.33. The company has a current ratio of 1.64, a quick ratio of 1.20 and a debt-to-equity ratio of 1.04. StoneX Group Inc. has a 12-month low of $59.07 and a 12-month high of $92.60.

StoneX Group (NASDAQ:SNEX) last issued its quarterly earnings data 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. StoneX Group had a net margin of 0.27% and a return on equity of 15.89%. The firm had revenue of $913.70 million during the quarter, compared to analysts’ expectations of $817.80 million. Sell-side analysts predict 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.