Alberta Investment Management Corp Makes New Investment in StoneX Group Inc. (NASDAQ:SNEX)

Key Points

• Alberta Investment Management Corp acquired a new position in StoneX Group Inc. (NASDAQ:SNEX) by purchasing 34,293 shares valued at approximately $2,619,000 in the first quarter.
• StoneX Group reported quarterly earnings with $1.41 per share, surpassing expectations of $1.32, alongside a revenue of $956 million that exceeded analyst predictions.
• Insider trading activity included the sale of 16,098 shares by Abigail H. Perkins and 7,500 shares by CEO Philip Andrew Smith, indicating a decline in their stock ownership.

Alberta Investment Management Corp bought a new position in StoneX Group Inc. (NASDAQ:SNEX - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 34,293 shares of the company's stock, valued at approximately $2,619,000. Alberta Investment Management Corp owned about 0.07% of StoneX Group as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of SNEX. Ridgewood Investments LLC raised its holdings in StoneX Group by 50.0% in the first quarter. Ridgewood Investments LLC now owns 450 shares of the company's stock worth $34,000 after buying an additional 150 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of StoneX Group by 92.7% during the first quarter. GAMMA Investing LLC now owns 742 shares of the company's stock valued at $57,000 after purchasing an additional 357 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of StoneX Group by 74,100.0% during the first quarter. IFP Advisors Inc now owns 742 shares of the company's stock valued at $57,000 after purchasing an additional 741 shares during the last quarter. CWM LLC raised its holdings in shares of StoneX Group by 78.4% during the first quarter. CWM LLC now owns 808 shares of the company's stock valued at $62,000 after purchasing an additional 355 shares during the last quarter. Finally, Larson Financial Group LLC raised its holdings in shares of StoneX Group by 4,057.1% during the first quarter. Larson Financial Group LLC now owns 1,164 shares of the company's stock valued at $89,000 after purchasing an additional 1,136 shares during the last quarter. 75.93% of the stock is owned by hedge funds and other institutional investors.

StoneX Group Stock Down 0.3%

SNEX opened at $96.96 on Friday. The company has a quick ratio of 1.35, a current ratio of 1.91 and a debt-to-equity ratio of 1.09. The firm has a 50 day moving average price of $90.06 and a 200-day moving average price of $83.15. StoneX Group Inc. has a twelve month low of $47.69 and a twelve month high of $99.08. The stock has a market capitalization of $4.74 billion, a price-to-earnings ratio of 16.42 and a beta of 0.57.

StoneX Group (NASDAQ:SNEX - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.09. StoneX Group had a net margin of 0.24% and a return on equity of 17.03%. The firm had revenue of $956.00 million during the quarter, compared to analysts' expectations of $907.30 million. Equities research analysts forecast that StoneX Group Inc. will post 8.7 earnings per share for the current year.

Insider Activity

In other news, insider Abigail H. Perkins sold 16,098 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $85.04, for a total transaction of $1,368,973.92. Following the completion of the transaction, the insider directly owned 31,076 shares of the company's stock, valued at $2,642,703.04. The trade was a 34.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Philip Andrew Smith sold 7,500 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $83.68, for a total transaction of $627,600.00. Following the sale, the chief executive officer owned 327,754 shares of the company's stock, valued at $27,426,454.72. This trade represents a 2.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 82,762 shares of company stock valued at $7,169,992 over the last three months. Corporate insiders own 11.70% of the company's stock.

StoneX Group 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.

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