The Manufacturers Life Insurance Company Has $1.20 Million Stock Holdings in StoneX Group Inc. (NASDAQ:SNEX)

The Manufacturers Life Insurance Company increased its position in StoneX Group Inc. (NASDAQ:SNEX) by 5.2% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 15,907 shares of the company’s stock after purchasing an additional 785 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in StoneX Group were worth $1,198,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Susquehanna Fundamental Investments LLC acquired a new stake in shares of StoneX Group in the 1st quarter valued at about $1,052,000. Vanguard Group Inc. grew its stake in shares of StoneX Group by 53.1% in the 4th quarter. Vanguard Group Inc. now owns 1,875,853 shares of the company’s stock valued at $138,494,000 after buying an additional 650,911 shares during the period. Janus Henderson Group PLC grew its stake in shares of StoneX Group by 341.9% in the 1st quarter. Janus Henderson Group PLC now owns 63,791 shares of the company’s stock valued at $4,480,000 after buying an additional 49,355 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of StoneX Group by 21.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 328,751 shares of the company’s stock valued at $24,758,000 after buying an additional 57,938 shares during the period. Finally, Wellington Management Group LLP boosted its stake in StoneX Group by 44.3% during the 4th quarter. Wellington Management Group LLP now owns 252,140 shares of the company’s stock valued at $18,615,000 after purchasing an additional 77,401 shares during the last quarter. 75.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at StoneX Group

In other StoneX Group news, CEO Philip Andrew Smith sold 4,000 shares of StoneX Group stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $75.89, for a total transaction of $303,560.00. Following the completion of the transaction, the chief executive officer now owns 221,898 shares in the company, valued at approximately $16,839,839.22. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other StoneX Group news, insider Xuong Nguyen sold 8,091 shares of StoneX Group stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $80.00, for a total transaction of $647,280.00. Following the transaction, the insider now owns 60,816 shares of the company’s stock, valued at $4,865,280. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Philip Andrew Smith sold 4,000 shares of StoneX Group stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $75.89, for a total transaction of $303,560.00. Following the transaction, the chief executive officer now directly owns 221,898 shares in the company, valued at approximately $16,839,839.22. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 16.24% of the company’s stock.

StoneX Group Price Performance

SNEX stock opened at $87.87 on Friday. The company has a market capitalization of $2.79 billion, a P/E ratio of 12.18 and a beta of 0.76. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.20 and a current ratio of 1.64. StoneX Group Inc. has a 52-week low of $57.46 and a 52-week high of $88.31. The business has a 50-day simple moving average of $80.65 and a two-hundred day simple moving average of $76.21.

StoneX Group (NASDAQ:SNEX) last released its quarterly earnings results on Tuesday, August 6th. The company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.13. The business had revenue of $913.70 million during the quarter, compared to the consensus estimate of $817.80 million. StoneX Group had a return on equity of 15.89% and a net margin of 0.27%. Research analysts expect that StoneX Group Inc. will post 7.75 EPS for the current fiscal year.

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.