JPMorgan Chase & Co. Lowers Stake in StoneX Group Inc. (NASDAQ:SNEX)

JPMorgan Chase & Co. lessened its holdings in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 14.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 161,189 shares of the company's stock after selling 28,000 shares during the period. JPMorgan Chase & Co. owned 0.50% of StoneX Group worth $13,198,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of SNEX. TD Asset Management Inc increased its stake in StoneX Group by 13.0% in the second quarter. TD Asset Management Inc now owns 29,650 shares of the company's stock valued at $2,233,000 after purchasing an additional 3,400 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of StoneX Group by 10.5% during the 2nd quarter. Victory Capital Management Inc. now owns 12,492 shares of the company's stock valued at $941,000 after buying an additional 1,185 shares during the last quarter. Arizona State Retirement System raised its stake in shares of StoneX Group by 3.0% during the 2nd quarter. Arizona State Retirement System now owns 7,949 shares of the company's stock valued at $599,000 after purchasing an additional 234 shares during the period. Quest Partners LLC raised its stake in shares of StoneX Group by 9,133.3% during the 2nd quarter. Quest Partners LLC now owns 554 shares of the company's stock valued at $42,000 after purchasing an additional 548 shares during the period. Finally, Texas Permanent School Fund Corp increased its stake in StoneX Group by 10.3% in the 2nd quarter. Texas Permanent School Fund Corp now owns 26,196 shares of the company's stock worth $1,973,000 after acquiring an additional 2,449 shares during the last quarter. Institutional investors and hedge funds own 75.93% of the company's stock.

StoneX Group Price Performance

Shares of StoneX Group stock traded down $3.61 during trading on Friday, hitting $98.59. 160,380 shares of the stock traded hands, compared to its average volume of 188,930. The company has a quick ratio of 1.30, a current ratio of 1.81 and a debt-to-equity ratio of 1.26. The stock has a market cap of $3.15 billion, a price-to-earnings ratio of 12.39 and a beta of 0.77. The firm's fifty day moving average is $99.71 and its 200-day moving average is $87.74. StoneX Group Inc. has a 52 week low of $61.68 and a 52 week high of $106.77.

Insiders Place Their Bets

In other news, CEO Sean Michael Oconnor sold 37,500 shares of the firm's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $98.42, for a total value of $3,690,750.00. Following the transaction, the chief executive officer now directly owns 506,994 shares in the company, valued at $49,898,349.48. This trade represents a 6.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director John Moore Fowler sold 1,800 shares of StoneX Group stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $100.14, for a total value of $180,252.00. Following the transaction, the director now owns 81,375 shares in the company, 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. Company insiders own 16.24% of the company's stock.

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.