Amundi Purchases 3,653 Shares of StoneX Group Inc. $SNEX

Key Points

• Amundi increased its stake in StoneX Group Inc. by 25.5%, owning a total of 17,951 shares worth approximately $1,332,000 after acquiring an additional 3,653 shares.
• StoneX Group reported quarterly earnings of $1.22 per share, missing estimates by $0.17, with a revenue of $1.02 billion exceeding analyst projections.
• Vanguard Group significantly boosted its holdings in StoneX by 51.3%, while other institutional investors, including American Century and Ameriprise Financial, also increased their positions during the same period.

Amundi increased its position in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 25.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,951 shares of the company's stock after purchasing an additional 3,653 shares during the quarter. Amundi's holdings in StoneX Group were worth $1,332,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of SNEX. Vanguard Group Inc. raised its holdings in shares of StoneX Group by 51.3% in the 1st quarter. Vanguard Group Inc. now owns 2,881,228 shares of the company's stock valued at $220,068,000 after purchasing an additional 976,587 shares during the period. American Century Companies Inc. raised its holdings in shares of StoneX Group by 93.6% in the 1st quarter. American Century Companies Inc. now owns 1,963,717 shares of the company's stock valued at $149,989,000 after purchasing an additional 949,486 shares during the period. Perpetual Ltd bought a new stake in shares of StoneX Group in the 1st quarter valued at about $64,679,000. Dimensional Fund Advisors LP raised its holdings in shares of StoneX Group by 41.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,923,494 shares of the company's stock valued at $146,915,000 after purchasing an additional 567,196 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in shares of StoneX Group by 82.8% in the 1st quarter. Ameriprise Financial Inc. now owns 914,212 shares of the company's stock valued at $69,828,000 after purchasing an additional 414,204 shares during the period. 75.93% of the stock is owned by institutional investors.

Insider Activity

In other StoneX Group news, Director John Moore Fowler sold 1,125 shares of the business's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $96.00, for a total transaction of $108,000.00. Following the completion of the transaction, the director owned 115,749 shares of the company's stock, valued at approximately $11,111,904. The trade was a 0.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Abigail H. Perkins sold 10,470 shares of the business's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $86.22, for a total value of $902,723.40. Following the transaction, the insider directly owned 43,913 shares of the company's stock, valued at approximately $3,786,178.86. The trade was a 19.25% decrease in their position. The disclosure for this sale can be found here. 11.70% of the stock is currently owned by insiders.

StoneX Group Stock Down 1.9%

Shares of SNEX opened at $96.60 on Friday. StoneX Group Inc. has a 12 month low of $52.71 and a 12 month high of $106.98. The firm's 50 day moving average is $95.70 and its 200-day moving average is $87.30. The stock has a market capitalization of $5.04 billion, a PE ratio of 16.46 and a beta of 0.56. The company has a current ratio of 2.08, a quick ratio of 1.48 and a debt-to-equity ratio of 1.30.

StoneX Group (NASDAQ:SNEX - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $1.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.17). The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $923.10 million. StoneX Group had a return on equity of 16.20% and a net margin of 0.23%. Equities research analysts forecast that StoneX Group Inc. will post 8.7 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of StoneX Group to a "strong-buy" rating in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company's stock. According to data from MarketBeat, StoneX Group presently has an average rating of "Strong Buy".

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.

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