Amundi Has $1.33 Million Holdings in 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 lifted its position in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 25.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,951 shares of the company's stock after acquiring an additional 3,653 shares during the quarter. Amundi's holdings in StoneX Group were worth $1,332,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Ancora Advisors LLC lifted its position in shares of StoneX Group by 10.7% in the 1st quarter. Ancora Advisors LLC now owns 14,549 shares of the company's stock valued at $1,111,000 after acquiring an additional 1,404 shares in the last quarter. Bares Capital Management Inc. purchased a new stake in shares of StoneX Group in the 1st quarter valued at approximately $8,394,000. PDT Partners LLC lifted its position in shares of StoneX Group by 49.7% in the 1st quarter. PDT Partners LLC now owns 11,170 shares of the company's stock valued at $853,000 after acquiring an additional 3,708 shares in the last quarter. Royal Bank of Canada lifted its position in shares of StoneX Group by 129.0% in the 1st quarter. Royal Bank of Canada now owns 77,545 shares of the company's stock valued at $5,923,000 after acquiring an additional 43,678 shares in the last quarter. Finally, Ashford Capital Management Inc. lifted its position in shares of StoneX Group by 46.8% in the 1st quarter. Ashford Capital Management Inc. now owns 430,653 shares of the company's stock valued at $32,893,000 after acquiring an additional 137,303 shares in the last quarter. Hedge funds and other institutional investors own 75.93% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of StoneX Group to a "strong-buy" rating in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Strong Buy".

StoneX Group Stock Up 1.8%

SNEX stock traded up $1.68 during midday trading on Thursday, reaching $95.93. The company had a trading volume of 671,000 shares, compared to its average volume of 458,962. StoneX Group Inc. has a 1 year low of $53.21 and a 1 year high of $106.98. The company has a current ratio of 2.08, a quick ratio of 1.48 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $5.00 billion, a P/E ratio of 16.34 and a beta of 0.56. The company has a 50 day moving average of $95.60 and a two-hundred day moving average of $87.68.

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

Insider Buying and Selling at StoneX Group

In other news, Director John Moore Fowler sold 1,125 shares of the firm's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $96.00, for a total transaction of $108,000.00. Following the transaction, the director owned 115,749 shares in the company, valued at approximately $11,111,904. This trade represents a 0.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 11.70% of the company's stock.

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.