Connor Clark & Lunn Investment Management Ltd. Sells 9,542 Shares of StoneX Group Inc. $SNEX

Connor Clark & Lunn Investment Management Ltd. decreased its stake in shares of StoneX Group Inc. (NASDAQ:SNEX) by 15.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 53,140 shares of the company’s stock after selling 9,542 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in StoneX Group were worth $4,843,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its stake in shares of StoneX Group by 47.2% in the first quarter. Bank of New York Mellon Corp now owns 287,633 shares of the company’s stock worth $21,969,000 after acquiring an additional 92,293 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of StoneX Group by 59.9% in the first quarter. Envestnet Asset Management Inc. now owns 150,027 shares of the company’s stock valued at $11,459,000 after purchasing an additional 56,174 shares in the last quarter. Allworth Financial LP raised its position in StoneX Group by 52.6% in the 1st quarter. Allworth Financial LP now owns 1,244 shares of the company’s stock worth $95,000 after purchasing an additional 429 shares during the last quarter. Xponance Inc. bought a new position in StoneX Group in the 1st quarter valued at $274,000. Finally, Arizona State Retirement System boosted its position in StoneX Group by 49.4% in the 1st quarter. Arizona State Retirement System now owns 12,367 shares of the company’s stock valued at $945,000 after buying an additional 4,088 shares during the last quarter. Institutional investors and hedge funds own 75.93% of the company’s stock.

StoneX Group Price Performance

Shares of NASDAQ SNEX opened at $88.91 on Friday. The stock has a market capitalization of $4.64 billion, a price-to-earnings ratio of 15.15 and a beta of 0.51. StoneX Group Inc. has a fifty-two week low of $60.58 and a fifty-two week high of $106.98. The business has a 50-day moving average of $96.02 and a 200-day moving average of $92.96. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.08 and a quick ratio of 1.48.

Insider Buying and Selling

In other StoneX Group news, Director John Moore Fowler sold 1,125 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $91.20, for a total value of $102,600.00. Following the transaction, the director directly owned 114,769 shares of the company’s stock, valued at $10,466,932.80. This represents a 0.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 11.70% of the company’s stock.

Analyst Ratings Changes

SNEX has been the subject of a number of recent research reports. Weiss Ratings upgraded StoneX Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, November 7th. Zacks Research cut StoneX Group from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

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.