The Manufacturers Life Insurance Company Trims Stock Position in StoneX Group Inc. (NASDAQ:SNEX)

The Manufacturers Life Insurance Company decreased its position in shares of StoneX Group Inc. (NASDAQ:SNEX) by 1.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,676 shares of the company’s stock after selling 231 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in StoneX Group were worth $1,284,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Dynamic Technology Lab Private Ltd lifted its holdings in shares of StoneX Group by 28.0% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 6,687 shares of the company’s stock valued at $548,000 after buying an additional 1,461 shares during the period. Algert Global LLC boosted its holdings in shares of StoneX Group by 25.5% during the third quarter. Algert Global LLC now owns 9,389 shares of the company’s stock worth $769,000 after purchasing an additional 1,910 shares during the last quarter. Citigroup Inc. lifted its holdings in shares of StoneX Group by 52.2% during the 3rd quarter. Citigroup Inc. now owns 47,597 shares of the company’s stock worth $3,897,000 after acquiring an additional 16,326 shares during the period. Eagle Asset Management Inc. boosted its holdings in StoneX Group by 12.4% in the third quarter. Eagle Asset Management Inc. now owns 80,635 shares of the company’s stock valued at $6,602,000 after acquiring an additional 8,912 shares during the last quarter. Finally, Foundry Partners LLC purchased a new position in shares of StoneX Group in the 3rd quarter valued at $5,348,000. Institutional investors and hedge funds own 75.93% of the company’s stock.

StoneX Group Price Performance

Shares of NASDAQ SNEX opened at $102.85 on Thursday. The business has a 50 day moving average price of $94.02 and a two-hundred day moving average price of $83.54. StoneX Group Inc. has a fifty-two week low of $61.68 and a fifty-two week high of $106.77. The firm has a market cap of $3.28 billion, a PE ratio of 12.84 and a beta of 0.78. The company has a quick ratio of 1.30, a current ratio of 1.81 and a debt-to-equity ratio of 1.26.

Insider Activity

In related news, CEO Sean Michael Oconnor sold 37,500 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now owns 506,994 shares of the company’s stock, valued at approximately $49,898,349.48. The trade was a 6.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John Moore Fowler sold 1,800 shares of StoneX Group stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $100.14, for a total value of $180,252.00. Following the sale, the director now directly owns 81,375 shares in the company, valued at approximately $8,148,892.50. This trade represents a 2.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 16.24% of the company’s stock.

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.