US Bancorp DE Cuts Stake in StoneX Group Inc. (NASDAQ:SNEX)

US Bancorp DE lowered its stake in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 69.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 2,332 shares of the company's stock after selling 5,350 shares during the quarter. US Bancorp DE's holdings in StoneX Group were worth $191,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue boosted its stake in StoneX Group by 0.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 16,146 shares of the company's stock worth $1,322,000 after purchasing an additional 145 shares during the last quarter. BayBridge Capital Group LLC purchased a new stake in shares of StoneX Group during the 3rd quarter valued at approximately $493,000. Assenagon Asset Management S.A. increased its stake in StoneX Group by 1.2% during the third quarter. Assenagon Asset Management S.A. now owns 332,573 shares of the company's stock worth $27,231,000 after acquiring an additional 3,822 shares during the last quarter. Riverwater Partners LLC purchased a new stake in StoneX Group in the third quarter valued at $2,346,000. Finally, International Assets Investment Management LLC grew its holdings in shares of StoneX Group by 8,088.0% during the 3rd quarter. International Assets Investment Management LLC now owns 24,564 shares of the company's stock worth $2,011,000 after purchasing an additional 24,264 shares during the period. Hedge funds and other institutional investors own 75.93% of the company's stock.

StoneX Group Trading Up 1.5 %

Shares of NASDAQ:SNEX traded up $1.46 during midday trading on Friday, reaching $97.27. 142,989 shares of the company's stock were exchanged, compared to its average volume of 132,186. The firm's 50 day simple moving average is $86.25 and its two-hundred day simple moving average is $80.01. StoneX Group Inc. has a fifty-two week low of $59.07 and a fifty-two week high of $101.61. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.64 and a quick ratio of 1.20. The stock has a market cap of $3.09 billion, a price-to-earnings ratio of 13.29 and a beta of 0.75.

Insider Activity

In related news, CEO Sean Michael Oconnor sold 37,500 shares of the 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 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 filing with the SEC, which is available through this hyperlink. Insiders own 16.24% of the company's stock.

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.