Amalgamated Bank Has $930,000 Holdings in StoneX Group Inc. (NASDAQ:SNEX)

Amalgamated Bank increased its holdings in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 46.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,179 shares of the company's stock after acquiring an additional 3,851 shares during the period. Amalgamated Bank's holdings in StoneX Group were worth $930,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. GAMMA Investing LLC raised its stake in shares of StoneX Group by 92.7% in the first quarter. GAMMA Investing LLC now owns 742 shares of the company's stock worth $57,000 after acquiring an additional 357 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in shares of StoneX Group during the 4th quarter worth approximately $75,000. KBC Group NV grew its position in shares of StoneX Group by 50.0% during the 1st quarter. KBC Group NV now owns 1,963 shares of the company's stock worth $150,000 after buying an additional 654 shares during the period. Bessemer Group Inc. grew its position in shares of StoneX Group by 145.2% during the 4th quarter. Bessemer Group Inc. now owns 1,714 shares of the company's stock worth $168,000 after buying an additional 1,015 shares during the period. Finally, Argent Trust Co acquired a new stake in shares of StoneX Group during the 4th quarter worth approximately $220,000. 75.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, William Blair began coverage on shares of StoneX Group in a report on Wednesday, March 26th. They set an "outperform" rating for the company.

Insiders Place Their Bets

In other StoneX Group news, CEO Philip Andrew Smith sold 7,500 shares of the company's stock in a transaction 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 directly owned 327,754 shares of the company's stock, valued at approximately $27,426,454.72. This represents a 2.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman John Radziwill acquired 1,400 shares of the company's stock in a transaction dated Thursday, June 12th. The stock was bought at an average cost of $85.00 per share, for a total transaction of $119,000.00. Following the completion of the transaction, the chairman directly owned 100,240 shares of the company's stock, valued at approximately $8,520,400. This trade represents a 1.42% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 165,262 shares of company stock valued at $14,146,806 over the last 90 days. 11.70% of the stock is currently owned by company insiders.

StoneX Group Stock Up 1.2%

Shares of StoneX Group stock traded up $1.17 on Wednesday, hitting $97.13. The company had a trading volume of 602,165 shares, compared to its average volume of 305,161. The firm has a market capitalization of $4.75 billion, a P/E ratio of 16.45 and a beta of 0.54. StoneX Group Inc. has a twelve month low of $47.69 and a twelve month high of $98.00. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.91 and a quick ratio of 1.35. The stock has a 50-day moving average of $87.98 and a 200-day moving average of $79.67.

StoneX Group (NASDAQ:SNEX - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The company reported $1.41 EPS for the quarter, topping analysts' consensus estimates of $1.32 by $0.09. The business had revenue of $956.00 million for the quarter, compared to analyst estimates of $907.30 million. StoneX Group had a net margin of 0.24% and a return on equity of 17.03%. Research analysts predict that StoneX Group Inc. will post 8.7 earnings per share for the current 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.