Intech Investment Management LLC Buys 3,173 Shares of StoneX Group Inc. (NASDAQ:SNEX)

Intech Investment Management LLC grew its stake in StoneX Group Inc. (NASDAQ:SNEX) by 53.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,061 shares of the company’s stock after purchasing an additional 3,173 shares during the quarter. Intech Investment Management LLC’s holdings in StoneX Group were worth $742,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quest Partners LLC raised its stake in StoneX Group by 9,133.3% in the second quarter. Quest Partners LLC now owns 554 shares of the company’s stock worth $42,000 after buying an additional 548 shares in the last quarter. Huntington National Bank grew its holdings in shares of StoneX Group by 1,906.9% during the 3rd quarter. Huntington National Bank now owns 582 shares of the company’s stock worth $48,000 after acquiring an additional 553 shares during the period. nVerses Capital LLC purchased a new position in shares of StoneX Group during the 2nd quarter worth approximately $68,000. Cadent Capital Advisors LLC bought a new position in shares of StoneX Group in the 3rd quarter worth approximately $212,000. Finally, Evergreen Capital Management LLC purchased a new position in shares of StoneX Group in the 2nd quarter valued at approximately $201,000. 75.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Sean Michael Oconnor sold 37,500 shares of StoneX Group stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $98.42, for a total transaction of $3,690,750.00. Following the completion of the transaction, the chief executive officer now directly owns 506,994 shares in the company, valued at approximately $49,898,349.48. This trade represents a 6.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Moore Fowler sold 1,800 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $100.14, for a total value of $180,252.00. Following the completion of the sale, the director now owns 81,375 shares in the company, valued at $8,148,892.50. The trade was a 2.16 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 16.24% of the company’s stock.

StoneX Group Price Performance

Shares of SNEX stock opened at $103.76 on Friday. The business’s fifty day moving average is $91.00 and its 200 day moving average is $82.02. The company has a quick ratio of 1.30, a current ratio of 1.80 and a debt-to-equity ratio of 1.26. The stock has a market cap of $3.30 billion, a price-to-earnings ratio of 13.04 and a beta of 0.75. StoneX Group Inc. has a twelve month low of $60.38 and a twelve month high of $106.77.

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.