StoneX Group Inc. (NASDAQ:SNEX) Shares Acquired by New Age Alpha Advisors LLC

Key Points

• New Age Alpha Advisors LLC increased its stake in StoneX Group Inc. by 16.5%, acquiring an additional 6,145 shares in the first quarter, bringing its total ownership to 43,340 shares worth $3.31 million.
• Other institutional investors also adjusted their positions; notably, Bessemer Group Inc. raised its stake by 283.1%, while Wealth Enhancement Advisory Services LLC increased its holdings by 51.7%.
• StoneX Group's recent earnings report showed an EPS of $1.22, missing estimates, with revenues of $1.02 billion surpassing analyst expectations.

New Age Alpha Advisors LLC grew its stake in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 16.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 43,340 shares of the company's stock after acquiring an additional 6,145 shares during the quarter. New Age Alpha Advisors LLC owned about 0.09% of StoneX Group worth $3,310,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Blair William & Co. IL purchased a new position in StoneX Group during the 1st quarter worth $252,000. Argent Trust Co grew its stake in StoneX Group by 50.0% during the 1st quarter. Argent Trust Co now owns 3,372 shares of the company's stock worth $258,000 after buying an additional 1,124 shares during the last quarter. Phocas Financial Corp. grew its stake in StoneX Group by 204.7% during the 1st quarter. Phocas Financial Corp. now owns 133,596 shares of the company's stock worth $10,204,000 after buying an additional 89,754 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in StoneX Group by 48.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 10,910 shares of the company's stock worth $833,000 after buying an additional 3,582 shares during the last quarter. Finally, Alberta Investment Management Corp purchased a new position in StoneX Group during the 1st quarter worth $2,619,000. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at StoneX Group

In other news, Chairman John Radziwill purchased 1,400 shares of the stock in a transaction on Thursday, June 12th. The stock was bought at an average price of $85.00 per share, with a total value of $119,000.00. Following the transaction, the chairman owned 100,240 shares in the company, valued at $8,520,400. The trade was a 1.42% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Philip Andrew Smith sold 7,500 shares of StoneX Group stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $83.68, for a total value 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 76,430 shares of company stock worth $6,582,552 in the last quarter. 11.70% of the stock is owned by insiders.

StoneX Group Stock Up 2.5%

SNEX stock traded up $2.16 on Friday, hitting $89.33. 818,456 shares of the company's stock were exchanged, compared to its average volume of 548,043. StoneX Group Inc. has a 12-month low of $50.31 and a 12-month high of $100.40. The firm has a 50 day moving average price of $90.55 and a two-hundred day moving average price of $83.76. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.35 and a current ratio of 2.07. The stock has a market cap of $4.37 billion, a P/E ratio of 15.22 and a beta of 0.57.

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