Philip Andrew Smith Sells 51,540 Shares of StoneX Group (NASDAQ:SNEX) Stock

StoneX Group Inc. (NASDAQ:SNEX) CEO Philip Andrew Smith sold 51,540 shares of the business’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $118.72, for a total transaction of $6,118,828.80. Following the sale, the chief executive officer owned 492,144 shares in the company, valued at $58,427,335.68. This trade represents a 9.48% decrease in their ownership of the stock. The sale was disclosed in a document filed 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.

Philip Andrew Smith also recently made the following trade(s):

• On Friday, April 10th, Philip Andrew Smith sold 30,000 shares of StoneX Group stock. The stock was sold at an average price of $92.23, for a total transaction of $2,766,900.00.

StoneX Group Stock Up 4.4%

Shares of NASDAQ SNEX traded up $5.24 during midday trading on Wednesday, hitting $123.74. The company’s stock had a trading volume of 904,124 shares, compared to its average volume of 752,303. 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 capitalization of $9.81 billion, a price-to-earnings ratio of 22.11 and a beta of 0.64. The business’s fifty day simple moving average is $117.78 and its two-hundred day simple moving average is $109.62. StoneX Group Inc. has a 1 year low of $53.52 and a 1 year high of $141.99.

Shares of StoneX Group are going to split before the market opens on Monday, July 20th. The 3-2 split was announced on Tuesday, May 26th. The newly minted shares will be distributed to shareholders after the closing bell on Friday, July 17th.

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on SNEX shares. Wall Street Zen upgraded StoneX Group from a “hold” rating to a “buy” rating in a research note on Sunday, April 5th. Weiss Ratings upgraded StoneX Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. William Blair reaffirmed an “outperform” rating on shares of StoneX Group in a research report on Monday, March 9th. Finally, Zacks Research upgraded StoneX Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to MarketBeat, StoneX Group presently has a consensus rating of “Buy” and a consensus price target of $122.00.

Institutional Investors Weigh In On StoneX Group

A number of hedge funds and other institutional investors have recently modified their holdings of SNEX. Dimensional Fund Advisors LP grew its stake in shares of StoneX Group by 50.2% during the first quarter. Dimensional Fund Advisors LP now owns 2,107,795 shares of the company’s stock worth $169,976,000 after purchasing an additional 704,493 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in StoneX Group by 18.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,851,468 shares of the company’s stock valued at $271,261,000 after buying an additional 439,771 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in StoneX Group by 24.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,499,292 shares of the company’s stock worth $142,628,000 after buying an additional 294,203 shares during the last quarter. Bank of America Corp DE lifted its holdings in StoneX Group by 115.6% during the 1st quarter. Bank of America Corp DE now owns 464,475 shares of the company’s stock worth $37,460,000 after buying an additional 249,088 shares during the last quarter. Finally, Van Berkom & Associates Inc. boosted its position in shares of StoneX Group by 21.1% during the 1st quarter. Van Berkom & Associates Inc. now owns 1,384,258 shares of the company’s stock worth $111,640,000 after acquiring an additional 240,749 shares in the last quarter. 75.93% of the stock is currently owned by institutional investors and hedge funds.

About StoneX Group

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.