USA Financial Formulas Makes New $129,000 Investment in StoneX Group Inc. (NASDAQ:SNEX)

USA Financial Formulas acquired a new stake in StoneX Group Inc. (NASDAQ:SNEX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,317 shares of the company’s stock, valued at approximately $129,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of SNEX. Quest Partners LLC boosted its position in StoneX Group by 9,133.3% during the 2nd quarter. Quest Partners LLC now owns 554 shares of the company’s stock valued at $42,000 after acquiring an additional 548 shares in the last quarter. Huntington National Bank boosted its position in shares of StoneX Group by 1,906.9% during the third quarter. Huntington National Bank now owns 582 shares of the company’s stock valued at $48,000 after purchasing an additional 553 shares in the last quarter. Evergreen Capital Management LLC purchased a new stake in StoneX Group in the second quarter worth $201,000. Cadent Capital Advisors LLC purchased a new stake in shares of StoneX Group in the 3rd quarter worth about $212,000. Finally, Atomi Financial Group Inc. bought a new position in shares of StoneX Group during the third quarter valued at approximately $227,000. 75.93% of the stock is owned by institutional investors.

Insider Transactions at StoneX Group

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

StoneX Group Price Performance

Shares of NASDAQ:SNEX opened at $104.23 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.81 and a quick ratio of 1.30. The company has a market capitalization of $3.33 billion, a PE ratio of 13.09 and a beta of 0.77. StoneX Group Inc. has a 1-year low of $61.68 and a 1-year high of $106.77. The business has a fifty day moving average price of $100.17 and a 200-day moving average price of $88.23.

StoneX Group 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.