Quest Partners LLC increased its holdings in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 1,187.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,134 shares of the company's stock after acquiring an additional 6,580 shares during the quarter. Quest Partners LLC's holdings in StoneX Group were worth $584,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in SNEX. Huntington National Bank grew its stake in StoneX Group by 1,906.9% in the 3rd quarter. Huntington National Bank now owns 582 shares of the company's stock valued at $48,000 after buying an additional 553 shares during the last quarter. nVerses Capital LLC acquired a new position in shares of StoneX Group in the second quarter valued at approximately $68,000. Cadent Capital Advisors LLC bought a new position in shares of StoneX Group during the third quarter worth approximately $212,000. Evergreen Capital Management LLC acquired a new stake in StoneX Group during the 2nd quarter worth approximately $201,000. Finally, Atomi Financial Group Inc. bought a new stake in StoneX Group in the 3rd quarter valued at $227,000. Institutional investors and hedge funds own 75.93% of the company's stock.
StoneX Group Stock Up 0.0 %
SNEX opened at $102.45 on Friday. The stock has a fifty day moving average of $88.85 and a 200-day moving average of $81.09. The company has a market capitalization of $3.26 billion, a P/E ratio of 12.87 and a beta of 0.75. StoneX Group Inc. has a fifty-two week low of $59.28 and a fifty-two week high of $104.57. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.20 and a current ratio of 1.64.
Insider Buying and Selling
In related news, CEO Sean Michael Oconnor sold 37,500 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $98.42, for a total transaction of $3,690,750.00. Following the sale, the chief executive officer now 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. 16.24% of the stock is owned by insiders.
StoneX Group Company Profile
(
Free Report)
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.
Further Reading
Before you consider StoneX Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and StoneX Group wasn't on the list.
While StoneX Group currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Keep reading to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
