Citigroup Inc. Grows Holdings in StoneX Group Inc. (NASDAQ:SNEX)

Citigroup Inc. increased its holdings in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 52.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 47,597 shares of the company's stock after purchasing an additional 16,326 shares during the period. Citigroup Inc. owned 0.15% of StoneX Group worth $3,897,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Quest Partners LLC lifted its position in StoneX Group by 9,133.3% during the second quarter. Quest Partners LLC now owns 554 shares of the company's stock valued at $42,000 after acquiring an additional 548 shares during the last quarter. Huntington National Bank lifted its position in StoneX Group by 1,906.9% during the third quarter. Huntington National Bank now owns 582 shares of the company's stock valued at $48,000 after acquiring an additional 553 shares during the last quarter. nVerses Capital LLC purchased a new stake in StoneX Group during the second quarter valued at approximately $68,000. Evergreen Capital Management LLC purchased a new stake in StoneX Group during the second quarter valued at approximately $201,000. Finally, Sawgrass Asset Management LLC purchased a new stake in StoneX Group during the second quarter valued at approximately $211,000. 75.93% of the stock is currently owned by institutional investors.

StoneX Group Stock Down 0.1 %

NASDAQ:SNEX traded down $0.11 during midday trading on Wednesday, reaching $103.80. 120,988 shares of the stock traded hands, compared to its average volume of 134,522. The business has a 50-day moving average of $92.30 and a two-hundred day moving average of $82.67. The stock has a market capitalization of $3.31 billion, a PE ratio of 13.04 and a beta of 0.78. StoneX Group Inc. has a 12-month low of $61.68 and a 12-month high of $106.77. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.30 and a current ratio of 1.81.

Insiders Place Their Bets

In other news, CEO Sean Michael Oconnor sold 37,500 shares of the firm's 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 transaction, the chief executive officer now directly owns 506,994 shares of the company's stock, valued at approximately $49,898,349.48. This trade represents a 6.89 % decrease in their ownership of the stock. 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 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 transaction, the director now directly 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. Corporate 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.