Insider Selling: StoneX Group (NASDAQ:SNEX) Chairman Sells 72,140 Shares of Stock

StoneX Group Inc. (NASDAQ:SNEX) Chairman Sean Michael Oconnor sold 72,140 shares of StoneX Group stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $109.94, for a total transaction of $7,931,071.60. Following the completion of the sale, the chairman owned 1,236,921 shares of the company’s stock, valued at $135,987,094.74. This represents a 5.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sean Michael Oconnor also recently made the following trade(s):

• On Friday, May 15th, Sean Michael Oconnor sold 140,070 shares of StoneX Group stock. The stock was sold at an average price of $110.31, for a total transaction of $15,451,121.70.
• On Monday, May 18th, Sean Michael Oconnor sold 87,790 shares of StoneX Group stock. The shares were sold at an average price of $111.46, for a total transaction of $9,785,073.40.

StoneX Group Price Performance

Shares of SNEX traded down $1.43 during midday trading on Tuesday, hitting $109.37. 596,814 shares of the company traded hands, compared to its average volume of 650,382. StoneX Group Inc. has a one year low of $53.52 and a one year high of $125.42. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.74 and a quick ratio of 1.33. The firm has a market cap of $8.67 billion, a P/E ratio of 19.54 and a beta of 0.64. The stock has a 50-day moving average of $100.20 and a 200-day moving average of $102.52.

StoneX Group (NASDAQ:SNEX) last issued 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 return on equity of 19.31% and a net margin of 0.30%.The business had revenue of $826.40 million during the quarter, compared to analyst estimates of $1.37 billion. As a group, sell-side analysts predict that StoneX Group Inc. will post 6 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Cornerstone Planning Group LLC grew its holdings in StoneX Group by 4,133.3% during the 3rd quarter. Cornerstone Planning Group LLC now owns 254 shares of the company’s stock valued at $26,000 after buying an additional 248 shares in the last quarter. Cullen Frost Bankers Inc. grew its stake in StoneX Group by 1,100.0% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 264 shares of the company’s stock valued at $27,000 after purchasing an additional 242 shares during the last quarter. AlphaQuest LLC boosted its stake in shares of StoneX Group by 28,000.0% in the third quarter. AlphaQuest LLC now owns 281 shares of the company’s stock worth $28,000 after buying an additional 280 shares during the last quarter. Cassaday & Co Wealth Management LLC purchased a new stake in shares of StoneX Group in the first quarter worth about $34,000. Finally, Sterling Capital Management LLC raised its holdings in StoneX Group by 48.8% in the 1st quarter. Sterling Capital Management LLC now owns 476 shares of the company’s stock worth $38,000 after purchasing an additional 156 shares during the period. Institutional investors own 75.93% of the company’s stock.

Analysts Set New Price Targets

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