Royce & Associates LP Increases Holdings in StoneX Group Inc. (NASDAQ:SNEX)

Royce & Associates LP boosted its position in StoneX Group Inc. (NASDAQ:SNEX) by 38.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 154,744 shares of the company’s stock after buying an additional 43,126 shares during the quarter. Royce & Associates LP’s holdings in StoneX Group were worth $12,670,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SNEX. Quest Partners LLC lifted its holdings in StoneX Group by 9,133.3% in the 2nd 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 raised its stake in StoneX Group by 1,906.9% during the third 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 acquired a new stake in StoneX Group during the second quarter worth about $68,000. Evergreen Capital Management LLC acquired a new stake in StoneX Group during the second quarter worth about $201,000. Finally, Sawgrass Asset Management LLC acquired a new stake in StoneX Group during the second quarter worth about $211,000. Institutional investors and hedge funds own 75.93% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Sean Michael Oconnor sold 37,500 shares of the 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 sale, the chief executive officer now directly owns 506,994 shares of the company’s stock, valued at $49,898,349.48. This 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 available at the SEC website. 16.24% of the stock is owned by insiders.

StoneX Group Price Performance

NASDAQ SNEX opened at $97.27 on Friday. StoneX Group Inc. has a 52 week low of $59.07 and a 52 week high of $101.61. The company has a current ratio of 1.64, a quick ratio of 1.20 and a debt-to-equity ratio of 1.04. The stock has a market cap of $3.09 billion, a price-to-earnings ratio of 13.49 and a beta of 0.75. The company has a 50-day moving average price of $86.65 and a two-hundred day moving average price of $80.23.

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.