Informed Momentum Co LLC Takes Position in StoneX Group Inc. (NASDAQ:SNEX)

Key Points

• Informed Momentum Co LLC has made a new investment in StoneX Group Inc., acquiring approximately 53,352 shares valued at $4.08 million, representing around 0.11% of the company's stock.
• Other institutional investors, including Vanguard Group Inc., Perpetual Ltd., and Invesco Ltd., have also increased their stakes in StoneX Group, contributing to a total institutional ownership of 75.93%.
• StoneX Group reported $1.22 EPS for the last quarter, missing analysts' expectations of $1.39, despite achieving $1.02 billion in revenue, which exceeded forecasts.

Informed Momentum Co LLC purchased a new stake in StoneX Group Inc. (NASDAQ:SNEX - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 53,352 shares of the company's stock, valued at approximately $4,075,000. Informed Momentum Co LLC owned approximately 0.11% of StoneX Group as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Ridgewood Investments LLC increased its stake in shares of StoneX Group by 50.0% in the first quarter. Ridgewood Investments LLC now owns 450 shares of the company's stock valued at $34,000 after buying an additional 150 shares during the period. Simplex Trading LLC bought a new stake in StoneX Group in the first quarter valued at approximately $47,000. GAMMA Investing LLC grew its position in shares of StoneX Group by 92.7% during the 1st quarter. GAMMA Investing LLC now owns 742 shares of the company's stock worth $57,000 after buying an additional 357 shares during the period. IFP Advisors Inc boosted its stake in StoneX Group by 74,100.0% during 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 boosted its stake in StoneX Group by 78.4% during 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. Institutional investors and hedge funds own 75.93% of the company's stock.

Insider Activity at StoneX Group

In related news, President Charles M. Lyon sold 13,000 shares of the stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $86.92, for a total value of $1,129,960.00. Following the completion of the sale, the president directly owned 122,080 shares of the company's stock, valued at approximately $10,611,193.60. This represents a 9.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John Moore Fowler sold 1,125 shares of the stock in a transaction on Friday, August 1st. The shares were sold at an average price of $96.00, for a total value of $108,000.00. Following the completion of the sale, the director directly owned 115,749 shares of the company's stock, valued at $11,111,904. The trade was a 0.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 59,430 shares of company stock valued at $5,087,912 over the last three months. 11.70% of the stock is currently owned by company insiders.

StoneX Group Stock Down 0.8%

NASDAQ SNEX traded down $0.74 on Wednesday, hitting $91.72. 560,395 shares of the company were exchanged, compared to its average volume of 602,449. 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 Inc. has a 12 month low of $50.31 and a 12 month high of $100.40. The stock has a fifty day moving average of $90.96 and a 200-day moving average of $84.15. The company has a market cap of $4.78 billion, a PE ratio of 15.63 and a beta of 0.57.

StoneX Group (NASDAQ:SNEX - Get Free Report) last issued its 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). StoneX Group had a return on equity of 16.20% and a net margin of 0.23%. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $923.10 million. As a group, analysts forecast that StoneX Group Inc. will post 8.7 earnings per share for the current year.

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.