Jacobs Levy Equity Management Inc. Trims Stake in StoneX Group Inc. (NASDAQ:SNEX)

Jacobs Levy Equity Management Inc. decreased its position in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 47.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 92,001 shares of the company's stock after selling 84,065 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.29% of StoneX Group worth $7,533,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of SNEX. American Century Companies Inc. boosted its stake in shares of StoneX Group by 80.3% during the 2nd quarter. American Century Companies Inc. now owns 808,768 shares of the company's stock valued at $60,908,000 after purchasing an additional 360,164 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of StoneX Group by 148.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 311,088 shares of the company's stock valued at $25,472,000 after purchasing an additional 185,769 shares in the last quarter. Foundry Partners LLC bought a new stake in shares of StoneX Group during the 3rd quarter valued at about $5,348,000. Assenagon Asset Management S.A. boosted its stake in shares of StoneX Group by 21.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 328,751 shares of the company's stock valued at $24,758,000 after purchasing an additional 57,938 shares in the last quarter. Finally, Royce & Associates LP boosted its stake in shares of StoneX Group by 38.6% during the 3rd quarter. Royce & Associates LP now owns 154,744 shares of the company's stock valued at $12,670,000 after purchasing an additional 43,126 shares in the last quarter. Hedge funds and other institutional investors own 75.93% of the company's stock.

StoneX Group Trading Down 0.7 %

Shares of SNEX traded down $0.77 during trading hours on Friday, reaching $103.15. 87,391 shares of the company traded hands, compared to its average volume of 134,218. The company's fifty day moving average price is $92.74 and its two-hundred day moving average price is $82.82. The company has a market capitalization of $3.29 billion, a price-to-earnings ratio of 12.97 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. StoneX Group Inc. has a 12 month low of $61.68 and a 12 month high of $106.77.

Insider Buying and Selling

In other StoneX Group news, CEO Sean Michael Oconnor sold 37,500 shares of StoneX Group stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $98.42, for a total value of $3,690,750.00. Following the completion of the transaction, the chief executive officer now directly 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 filing with the Securities & Exchange Commission, which is accessible through this link. 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 transaction of $180,252.00. Following the completion of the transaction, the director now directly owns 81,375 shares of the company's stock, valued at $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. 16.24% of the stock is currently owned by insiders.

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.