William Dunaway Sells 64,017 Shares of StoneX Group (NASDAQ:SNEX) Stock

StoneX Group Inc. (NASDAQ:SNEX) CFO William Dunaway sold 64,017 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $110.46, for a total transaction of $7,071,317.82. Following the completion of the sale, the chief financial officer owned 273,586 shares in the company, valued at $30,220,309.56. This represents a 18.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

StoneX Group Price Performance

NASDAQ SNEX traded up $0.59 on Monday, hitting $110.80. The stock had a trading volume of 578,139 shares, compared to its average volume of 685,458. StoneX Group Inc. has a 52-week low of $53.52 and a 52-week high of $125.42. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.33 and a current ratio of 1.74. The company has a market capitalization of $8.78 billion, a price-to-earnings ratio of 19.80 and a beta of 0.64. The firm has a 50-day moving average of $100.35 and a 200-day moving average of $102.30.

StoneX Group (NASDAQ:SNEX) last posted its earnings results on Wednesday, May 6th. The company reported $2.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.47. StoneX Group had a net margin of 0.30% and a return on equity of 19.31%. The business had revenue of $826.40 million for the quarter, compared to analysts’ expectations of $1.37 billion. Equities analysts expect that StoneX Group Inc. will post 6 EPS for the current year.

Institutional Trading of StoneX Group

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Beacon Harbor Wealth Advisors Inc. purchased a new position in StoneX Group in the 3rd quarter worth $5,944,000. Mitsubishi UFJ Trust & Banking Corp grew its holdings in StoneX Group by 551.6% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 31,724 shares of the company’s stock worth $3,202,000 after acquiring an additional 26,855 shares during the last quarter. Hiddenite Capital Partners LP boosted its stake in shares of StoneX Group by 81.4% during the 3rd quarter. Hiddenite Capital Partners LP now owns 88,926 shares of the company’s stock valued at $8,974,000 after purchasing an additional 39,915 shares in the last quarter. Axecap Investments LLC bought a new stake in shares of StoneX Group during the 3rd quarter valued at about $1,251,000. Finally, Aubrey Capital Management Ltd bought a new stake in shares of StoneX Group during the 3rd quarter valued at about $4,349,000. Hedge funds and other institutional investors own 75.93% of the company’s stock.

Wall Street Analyst Weigh In

SNEX has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of StoneX Group from a “hold” rating to a “buy” rating in a research note on Sunday, April 5th. Jefferies Financial Group increased their target price on shares of StoneX Group from $99.00 to $122.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. Zacks Research upgraded shares of StoneX Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. William Blair restated an “outperform” rating on shares of StoneX Group in a research report on Monday, March 9th. Finally, Weiss Ratings upgraded shares of StoneX Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $122.00.

StoneX Group Company Profile

StoneX Group Inc (NASDAQ: SNEX) is a global financial services firm offering execution, risk management, advisory and post-trade solutions across commodities, currencies, securities and digital assets. The company serves commercial businesses, institutional clients and financial intermediaries, providing market access and tailored services designed to help clients manage price risk, optimize working capital and execute complex transactions.

StoneX operates through several core segments.