Connor Clark & Lunn Investment Management Ltd. Acquires 16,408 Shares of StoneX Group Inc. (NASDAQ:SNEX)

Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of StoneX Group Inc. (NASDAQ:SNEX) by 299.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,894 shares of the company’s stock after purchasing an additional 16,408 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in StoneX Group were worth $1,793,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Quest Partners LLC increased its position in 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 buying an additional 548 shares in the last quarter. Huntington National Bank grew its stake in shares of StoneX Group by 1,906.9% in the third quarter. Huntington National Bank now owns 582 shares of the company’s stock worth $48,000 after acquiring an additional 553 shares during the last quarter. nVerses Capital LLC bought a new position in shares of StoneX Group during the second quarter valued at $68,000. Cadent Capital Advisors LLC purchased a new position in shares of StoneX Group in the 3rd quarter worth about $212,000. Finally, Evergreen Capital Management LLC bought a new position in StoneX Group in the 2nd quarter worth about $201,000. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

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 transaction of $3,690,750.00. Following the sale, the chief executive officer now directly owns 506,994 shares of the company’s stock, valued at $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 the SEC website. 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 value of $180,252.00. Following the completion of the sale, the director now owns 81,375 shares of the company’s stock, valued at $8,148,892.50. The trade was 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 Stock Performance

Shares of SNEX stock opened at $104.56 on Tuesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.30 and a current ratio of 1.80. The company has a market capitalization of $3.32 billion, a price-to-earnings ratio of 13.14 and a beta of 0.75. StoneX Group Inc. has a one year low of $59.28 and a one year high of $105.57. The company’s 50-day moving average is $89.32 and its 200 day moving average is $81.32.

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.