Credit Agricole S A Purchases 20,738 Shares of StoneX Group Inc. $SNEX

Key Points

• Credit Agricole S A increased its stake in StoneX Group Inc. by 125.2% in Q1, owning approximately $2.85 million worth after acquiring an additional 20,738 shares.
• The stock currently holds a market capitalization of $5.16 billion, with a price-to-earnings ratio of 16.84, and has seen a year-to-date range from $50.31 to $100.40.
• Analysts have rated StoneX Group's stock as a "Strong Buy", reflecting positive sentiment, with one recent report raising its rating on August 8th.

Credit Agricole S A grew its stake in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 125.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,299 shares of the company's stock after buying an additional 20,738 shares during the quarter. Credit Agricole S A owned about 0.08% of StoneX Group worth $2,849,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in SNEX. Ridgewood Investments LLC increased its position in shares of 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 acquiring an additional 150 shares in the last quarter. Simplex Trading LLC purchased a new position in shares of StoneX Group in the first quarter worth approximately $47,000. GAMMA Investing LLC increased its position 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 in the last quarter. IFP Advisors Inc increased its position in shares of StoneX Group by 74,100.0% in the first quarter. IFP Advisors Inc now owns 742 shares of the company's stock worth $57,000 after acquiring an additional 741 shares in the last quarter. Finally, CWM LLC increased its position in shares of StoneX Group by 78.4% in the first quarter. CWM LLC now owns 808 shares of the company's stock worth $62,000 after acquiring an additional 355 shares in the last quarter. 75.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised 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 issued a Buy rating to the stock. According to MarketBeat.com, StoneX Group presently has an average rating of "Strong Buy".

Insider Buying and Selling at StoneX Group

In other StoneX Group news, Chairman John Radziwill acquired 1,400 shares of StoneX Group stock in a transaction dated Thursday, June 12th. The stock was bought at an average cost of $85.00 per share, with a total value of $119,000.00. Following the acquisition, the chairman owned 100,240 shares of the company's stock, valued at approximately $8,520,400. The trade was a 1.42% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Abigail H. Perkins sold 16,098 shares of the firm's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $85.04, for a total transaction of $1,368,973.92. Following 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 disclosure for this sale can be found here. Insiders sold a total of 45,305 shares of company stock valued at $3,859,233 over the last quarter. 11.70% of the stock is currently owned by insiders.

StoneX Group Stock Performance

NASDAQ:SNEX traded up $1.10 during midday trading on Thursday, reaching $101.06. The stock had a trading volume of 139,733 shares, compared to its average volume of 417,734. StoneX Group Inc. has a 1-year low of $50.31 and a 1-year high of $102.11. The firm's fifty day simple moving average is $93.20 and its 200-day simple moving average is $85.65. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.08 and a quick ratio of 1.48. The stock has a market capitalization of $5.27 billion, a P/E ratio of 17.23 and a beta of 0.57.

StoneX Group (NASDAQ:SNEX - Get Free Report) last issued 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 company had revenue of $1.02 billion during 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 forecast that StoneX Group Inc. will post 8.7 EPS 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.