Sheets Smith Wealth Management Grows Stake in StoneX Group Inc. (NASDAQ:SNEX)

Sheets Smith Wealth Management increased its holdings in shares of StoneX Group Inc. (NASDAQ:SNEX) by 4.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,495 shares of the company’s stock after purchasing an additional 227 shares during the quarter. Sheets Smith Wealth Management’s holdings in StoneX Group were worth $538,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SNEX. Hohimer Wealth Management LLC boosted its position in shares of StoneX Group by 2.1% in the 3rd quarter. Hohimer Wealth Management LLC now owns 6,778 shares of the company’s stock valued at $555,000 after purchasing an additional 137 shares during the period. State of Alaska Department of Revenue raised its holdings in StoneX Group by 0.9% during the third quarter. State of Alaska Department of Revenue now owns 16,146 shares of the company’s stock worth $1,322,000 after purchasing an additional 145 shares in the last quarter. Freedom Investment Management Inc. lifted its holdings 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 buying an additional 160 shares during the period. Victory Capital Management Inc. lifted its holdings in StoneX Group by 2.7% in the third quarter. Victory Capital Management Inc. now owns 12,834 shares of the company’s stock valued at $1,051,000 after acquiring an additional 342 shares during the period. Finally, Sawgrass Asset Management LLC boosted its holdings in StoneX Group by 13.3% during the third quarter. Sawgrass Asset Management LLC now owns 3,180 shares of the company’s stock worth $260,000 after buying an additional 373 shares in the last quarter. Hedge funds and other institutional investors own 75.93% of the company’s stock.

StoneX Group Stock Performance

SNEX opened at $108.60 on Thursday. StoneX Group Inc. has a 1-year low of $61.68 and a 1-year high of $110.96. The stock has a market cap of $3.47 billion, a P/E ratio of 13.64 and a beta of 0.77. The stock’s 50 day simple moving average is $100.82 and its 200 day simple moving average is $89.15. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.81 and a quick ratio of 1.30.

Insider Buying and Selling

In related news, Director John Moore Fowler sold 1,800 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $100.14, for a total value of $180,252.00. Following the sale, the director now owns 81,375 shares of the company’s stock, valued at approximately $8,148,892.50. This represents a 2.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sean Michael Oconnor sold 37,500 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $98.42, for a total value of $3,690,750.00. Following the transaction, the chief executive officer now directly owns 506,994 shares of the company’s stock, valued at $49,898,349.48. The trade was a 6.89 % decrease in their position. The disclosure for this sale can be found here. Insiders own 16.24% of the company’s stock.

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.