5,894 Shares in StoneX Group Inc. (NASDAQ:SNEX) Acquired by Marshall Wace North America L.P.

Marshall Wace North America L.P. purchased a new stake in shares of StoneX Group Inc. (NASDAQ:SNEX) during the second quarter, HoldingsChannel reports. The institutional investor purchased 5,894 shares of the company’s stock, valued at approximately $358,000.

A number of other hedge funds have also made changes to their positions in SNEX. AltraVue Capital LLC lifted its position in StoneX Group by 143.3% during the second quarter. AltraVue Capital LLC now owns 568,261 shares of the company’s stock valued at $34,477,000 after buying an additional 334,712 shares in the last quarter. Invesco Ltd. lifted its position in StoneX Group by 45.4% during the second quarter. Invesco Ltd. now owns 200,589 shares of the company’s stock valued at $12,169,000 after buying an additional 62,671 shares in the last quarter. Punch & Associates Investment Management Inc. lifted its position in StoneX Group by 9.3% during the second quarter. Punch & Associates Investment Management Inc. now owns 667,557 shares of the company’s stock valued at $40,501,000 after buying an additional 56,615 shares in the last quarter. Prescott Group Capital Management L.L.C. acquired a new position in StoneX Group during the second quarter valued at approximately $2,537,000. Finally, 12th Street Asset Management Company LLC acquired a new position in StoneX Group during the second quarter valued at approximately $2,450,000. 73.68% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ SNEX opened at $69.04 on Thursday. The company’s fifty day simple moving average is $68.48 and its 200-day simple moving average is $66.62. StoneX Group Inc. has a 52 week low of $50.02 and a 52 week high of $72.34. The company has a current ratio of 1.65, a quick ratio of 1.25 and a debt-to-equity ratio of 2.45. The stock has a market cap of $1.37 billion, a P/E ratio of 7.44 and a beta of 1.19.

In related news, insider Patricia Marie Harrod sold 4,221 shares of StoneX Group stock in a transaction on Tuesday, October 26th. The shares were sold at an average price of $71.08, for a total value of $300,028.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Philip Andrew Smith sold 3,000 shares of StoneX Group stock in a transaction on Wednesday, November 3rd. The stock was sold at an average price of $72.00, for a total transaction of $216,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,703 shares of company stock worth $3,267,313. Corporate insiders own 16.79% of the company’s stock.

Separately, Zacks Investment Research raised shares of StoneX Group from a “hold” rating to a “buy” rating and set a $76.00 target price on the stock in a research report on Tuesday.

StoneX Group Company Profile

StoneX Group, Inc engages in the provision of brokerage and financial services. It operates through the following segments: Commercial Hedging, Global Payments, Securities, Physical Commodities, and Clearing and Execution Services. The Commercial Hedging segment offers risk management consulting services.

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

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