StoneX Group Inc. (NASDAQ:SNEX) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. trimmed its holdings in StoneX Group Inc. (NASDAQ:SNEX) by 2.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 24,238 shares of the company’s stock after selling 528 shares during the period. Franklin Resources Inc. owned 0.08% of StoneX Group worth $2,097,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. International Assets Investment Management LLC boosted its position in shares of StoneX Group by 8,088.0% in the third quarter. International Assets Investment Management LLC now owns 24,564 shares of the company’s stock worth $2,011,000 after acquiring an additional 24,264 shares during the last quarter. Jane Street Group LLC increased its position in StoneX Group by 72.2% during the third quarter. Jane Street Group LLC now owns 23,621 shares of the company’s stock worth $1,934,000 after purchasing an additional 9,900 shares during the last quarter. Foundry Partners LLC purchased a new position in StoneX Group during the third quarter worth approximately $5,348,000. Principal Financial Group Inc. boosted its holdings in shares of StoneX Group by 11.0% in the 3rd quarter. Principal Financial Group Inc. now owns 149,442 shares of the company’s stock valued at $12,236,000 after purchasing an additional 14,784 shares during the last quarter. Finally, Royce & Associates LP grew its stake in shares of StoneX Group by 38.6% during the 3rd quarter. Royce & Associates LP now owns 154,744 shares of the company’s stock valued at $12,670,000 after buying an additional 43,126 shares during the period. Hedge funds and other institutional investors own 75.93% of the company’s stock.

StoneX Group Trading Up 2.0 %

SNEX stock opened at $100.40 on Friday. StoneX Group Inc. has a 52 week low of $61.68 and a 52 week high of $106.77. The company has a market cap of $3.21 billion, a price-to-earnings ratio of 12.61 and a beta of 0.78. The company has a quick ratio of 1.30, a current ratio of 1.81 and a debt-to-equity ratio of 1.26. The business has a fifty day simple moving average of $97.02 and a 200-day simple moving average of $85.35.

Insiders Place Their Bets

In other StoneX Group news, CEO Sean Michael Oconnor sold 37,500 shares of the business’s stock in a transaction that occurred 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 directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Moore Fowler sold 1,800 shares of the stock in a transaction on 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 $8,148,892.50. The trade was a 2.16 % decrease in their position. The disclosure for this sale can be found here. 16.24% of the stock is currently owned by insiders.

About StoneX Group

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.