On Tuesday, November 22nd, Sean Michael Oconnor, Chief Executive Officer of StoneX Group Inc. (NASDAQ: SNEX), sold 18,600 shares. At an average price of $101.34, the shares could fetch a total of $1,884,924.00 upon sale. As a result of the transaction, the CEO now owns 331,659 company shares, which are worth a total of $33,610,323.06. You can learn more about the transaction by following the link in the previous sentence, which takes you to a document submitted to the Securities and Exchange Commission.
Several hedge funds have recently been active in the market, buying and selling SNEX shares. During the first three months of the year, Mutual of America Capital Management LLC added 7.1% to the size of its holdings in StoneX Group. Following the acquisition of 164 more shares during the preceding quarter, Mutual of America Capital Management LLC now holds 2,466 shares of the company’s stock, which is $183,000. During the first quarter of 2018, Envestnet Asset Management Inc. purchased a new position in StoneX Group for $297,000. During the first three months of 2018, Victory Capital Management Inc. boosted its StoneX Group holdings by 23.0%. As a result of the purchase of 1,582 additional shares during the preceding quarter, Victory Capital Management Inc. now possesses a total of 8,465 shares of the company’s stock, which has a value of $574,000. The New York State Common Retirement Fund grew its holdings in StoneX Group by 10.3 percent over the year’s first three months. The New York State Common Retirement Fund owns 110,551 shares of the company’s stock after purchasing an additional 10,324 shares during the last quarter. The current worth of the fund’s holdings in the company’s stock is $8,206,000. In the final step, the Teacher Retirement System of Texas purchased 262,000 shares of StoneX Group during the first quarter. At this time, institutional investors and hedge funds hold 75.85 percent of the company’s shares.
The price of a share of SNEX was down $1.32 to $100.33 during trading on Wednesday midday. In all, 60,902 business shares were moved, which is lower than the daily average of 73,550 shares that are traded. The moving average for the company over the past 50 days is $89.26, and the moving average over the past 200 days is $84.41. Over the last year, StoneX Group Inc. reached its all-time high of $102.91, while its all-time low was $52.31iness. Shares were moved, which is lower than the daily average of 73,550 shares. The moving average for the company over the past 50 days is $89.26, and the moving average over the past 200 days is $84.41. Over the last year, StoneX Group Inc. reached its all-time high of $102.91, while its all-time low was $52.31. The stock carries a price-to-earnings ratio of 9.98 and a beta value of 0.98. The market capitalization of the company is $2.03 billion. 1.85 is the debt-to-equity ratio, 1.41 is the current ratio, and 1.09 is the quick ratio.
In a separate development, a research note published on Friday, August 5th, by TheStreet lowered its rating of StoneX Group shares from “b” to “c+.”
StoneX Group, Inc. is a global financial service network connecting organizations, businesses, traders, and investors to markets worldwide. Its Commercial segment provides services including risk management and hedging, the execution and clearing of exchange-traded and over-the-counter (OTC) products, voice brokerage, market intelligence, physical trading, commodity financing and logistics, and commodity financing and logistics services.