Geode Capital Management LLC Increases Holdings in StoneX Group Inc. (NASDAQ:SNEX)

Geode Capital Management LLC increased its stake in StoneX Group Inc. (NASDAQ:SNEX) by 2.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 671,257 shares of the company’s stock after acquiring an additional 17,769 shares during the period. Geode Capital Management LLC’s holdings in StoneX Group were worth $54,973,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Quest Partners LLC boosted its holdings in shares of StoneX Group by 9,133.3% in the 2nd quarter. Quest Partners LLC now owns 554 shares of the company’s stock worth $42,000 after purchasing an additional 548 shares during the period. Huntington National Bank raised 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 valued at $48,000 after acquiring an additional 553 shares during the period. nVerses Capital LLC bought a new stake in shares of StoneX Group in the 2nd quarter worth about $68,000. Evergreen Capital Management LLC purchased a new position in shares of StoneX Group during the 2nd quarter worth about $201,000. Finally, Cadent Capital Advisors LLC purchased a new position in shares of StoneX Group during the third quarter valued at approximately $212,000. 75.93% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other 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 transaction, the chief executive officer now owns 506,994 shares of the company’s stock, valued at approximately $49,898,349.48. This represents a 6.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Moore Fowler sold 1,800 shares of the company’s 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 completion of the sale, the director now directly owns 81,375 shares of the company’s stock, valued at approximately $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. Insiders own 16.24% of the company’s stock.

StoneX Group Trading Up 1.0 %

SNEX opened at $95.06 on Monday. StoneX Group Inc. has a one year low of $61.68 and a one year 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. The stock has a market cap of $3.04 billion, a price-to-earnings ratio of 11.94 and a beta of 0.78. The stock’s 50 day moving average price is $96.10 and its 200-day moving average price is $84.74.

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.