Jacobs Levy Equity Management Inc. Cuts Stake in StoneX Group Inc. (NASDAQ:SNEX)

Jacobs Levy Equity Management Inc. cut its holdings in shares of StoneX Group Inc. (NASDAQ:SNEX) by 47.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 92,001 shares of the company’s stock after selling 84,065 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.29% of StoneX Group worth $7,533,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SNEX. ClearAlpha Technologies LP boosted its position in StoneX Group by 114.9% in the 3rd quarter. ClearAlpha Technologies LP now owns 10,256 shares of the company’s stock worth $840,000 after purchasing an additional 5,484 shares in the last quarter. Verition Fund Management LLC increased its holdings in StoneX Group by 118.3% in the third quarter. Verition Fund Management LLC now owns 6,194 shares of the company’s stock valued at $507,000 after buying an additional 3,357 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in shares of StoneX Group by 6.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 623,182 shares of the company’s stock worth $51,022,000 after acquiring an additional 37,808 shares in the last quarter. Martingale Asset Management L P grew its position in shares of StoneX Group by 30.6% during the 3rd quarter. Martingale Asset Management L P now owns 45,710 shares of the company’s stock valued at $3,743,000 after acquiring an additional 10,723 shares during the period. Finally, Freedom Investment Management Inc. increased its stake in shares of StoneX Group by 2.3% in the 3rd quarter. Freedom Investment Management Inc. now owns 7,051 shares of the company’s stock valued at $577,000 after purchasing an additional 160 shares in the last quarter. 75.93% of the stock is currently owned by institutional investors and hedge funds.

StoneX Group Trading Up 0.1 %

Shares of StoneX Group stock opened at $103.92 on Friday. The company has a current ratio of 1.81, a quick ratio of 1.30 and a debt-to-equity ratio of 1.26. StoneX Group Inc. has a twelve month low of $61.68 and a twelve month high of $106.77. The firm has a market capitalization of $3.32 billion, a PE ratio of 13.06 and a beta of 0.78. The firm’s 50-day moving average price is $92.74 and its 200 day moving average price is $82.82.

Insiders Place Their Bets

In other StoneX Group news, 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 sale, the director now owns 81,375 shares in the company, valued at $8,148,892.50. This represents a 2.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Sean Michael Oconnor sold 37,500 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $98.42, for a total transaction of $3,690,750.00. Following the completion of the sale, the chief executive officer now owns 506,994 shares in the company, valued at $49,898,349.48. The trade was a 6.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 16.24% of the stock is owned by insiders.

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.