Jacobs Levy Equity Management Inc. Sells 3,228 Shares of StoneX Group Inc. (NASDAQ:SNEX)

Jacobs Levy Equity Management Inc. decreased its holdings in shares of StoneX Group Inc. (NASDAQ:SNEXFree Report) by 3.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 86,892 shares of the company’s stock after selling 3,228 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.42% of StoneX Group worth $8,422,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Ashford Capital Management Inc. grew its stake in shares of StoneX Group by 1.7% during the third quarter. Ashford Capital Management Inc. now owns 255,730 shares of the company’s stock valued at $24,785,000 after buying an additional 4,200 shares during the last quarter. Morgan Stanley grew its stake in StoneX Group by 36.4% in the third quarter. Morgan Stanley now owns 209,274 shares of the company’s stock worth $20,283,000 after purchasing an additional 55,834 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in StoneX Group by 28.4% in the third quarter. The Manufacturers Life Insurance Company now owns 9,364 shares of the company’s stock worth $908,000 after purchasing an additional 2,073 shares in the last quarter. Royal Bank of Canada grew its stake in StoneX Group by 12.6% in the third quarter. Royal Bank of Canada now owns 10,887 shares of the company’s stock worth $1,055,000 after purchasing an additional 1,215 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in StoneX Group by 0.5% in the third quarter. Legal & General Group Plc now owns 50,481 shares of the company’s stock worth $4,893,000 after purchasing an additional 263 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.

StoneX Group Stock Down 2.2 %

Shares of NASDAQ:SNEX opened at $67.11 on Wednesday. StoneX Group Inc. has a 52-week low of $49.62 and a 52-week high of $74.01. The stock has a market cap of $2.12 billion, a P/E ratio of 9.36 and a beta of 0.87. The business’s 50 day moving average is $67.32 and its 200 day moving average is $65.36. The company has a quick ratio of 1.20, a current ratio of 1.59 and a debt-to-equity ratio of 0.87.

StoneX Group (NASDAQ:SNEXGet Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.46. StoneX Group had a return on equity of 17.48% and a net margin of 0.34%. The company had revenue of $784.20 million for the quarter, compared to analysts’ expectations of $781.80 million. Sell-side analysts predict that StoneX Group Inc. will post 7.41 EPS for the current year.

Insider Buying and Selling

In related news, CEO Philip Andrew Smith sold 8,563 shares of the stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $69.07, for a total value of $591,446.41. Following the transaction, the chief executive officer now owns 249,460 shares of the company’s stock, valued at $17,230,202.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other StoneX Group news, Director Eric Parthemore sold 2,140 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $68.00, for a total transaction of $145,520.00. Following the sale, the director now owns 21,594 shares of the company’s stock, valued at approximately $1,468,392. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Philip Andrew Smith sold 8,563 shares of the stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $69.07, for a total value of $591,446.41. Following the sale, the chief executive officer now directly owns 249,460 shares in the company, valued at approximately $17,230,202.20. The disclosure for this sale can be found here. Insiders have sold a total of 62,301 shares of company stock valued at $4,199,808 over the last quarter. 16.24% of the stock is owned by corporate insiders.

StoneX Group Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for StoneX Group (NASDAQ:SNEX)

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