StoneX Group (NASDAQ:SNEX) Insider Sells $628,165.17 in Stock

StoneX Group Inc. (NASDAQ:SNEX) insider Abigail Perkins sold 8,919 shares of the company’s stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $70.43, for a total transaction of $628,165.17. Following the sale, the insider owned 96,663 shares in the company, valued at $6,807,975.09. The trade was a 8.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

StoneX Group Stock Up 7.7%

SNEX opened at $77.62 on Friday. StoneX Group Inc. has a 12 month low of $35.68 and a 12 month high of $94.66. The company has a market cap of $9.23 billion, a PE ratio of 20.80 and a beta of 0.65. The company has a current ratio of 1.74, a quick ratio of 1.33 and a debt-to-equity ratio of 1.27. The company has a 50 day moving average of $79.79 and a 200 day moving average of $74.75.

StoneX Group (NASDAQ:SNEX) last issued its earnings results on Wednesday, May 6th. The company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.31. The business had revenue of $826.40 million for the quarter, compared to analysts’ expectations of $1.37 billion. StoneX Group had a net margin of 0.30% and a return on equity of 19.31%. On average, sell-side analysts expect that StoneX Group Inc. will post 4 EPS for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on SNEX. Jefferies Financial Group lowered StoneX Group from a “buy” rating to a “hold” rating and reduced their target price for the company from $123.00 to $112.00 in a report on Monday, July 20th. Weiss Ratings lowered StoneX Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, July 17th. Wall Street Zen upgraded StoneX Group from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. Finally, Zacks Research lowered StoneX Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $112.00.

Institutional Trading of StoneX Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Choreo LLC increased its stake in StoneX Group by 4.5% in the fourth quarter. Choreo LLC now owns 2,764 shares of the company’s stock valued at $270,000 after acquiring an additional 118 shares during the last quarter. Lido Advisors LLC boosted its holdings in shares of StoneX Group by 3.2% in the 4th quarter. Lido Advisors LLC now owns 4,050 shares of the company’s stock worth $403,000 after purchasing an additional 125 shares in the last quarter. Maryland State Retirement & Pension System increased its position in shares of StoneX Group by 2.2% during the 4th quarter. Maryland State Retirement & Pension System now owns 6,818 shares of the company’s stock valued at $649,000 after purchasing an additional 144 shares during the last quarter. Sterling Capital Management LLC increased its position in shares of StoneX Group by 48.7% during the 1st quarter. Sterling Capital Management LLC now owns 476 shares of the company’s stock valued at $38,000 after purchasing an additional 156 shares during the last quarter. Finally, Corient Private Wealth LLC raised its holdings in shares of StoneX Group by 5.8% during the 4th quarter. Corient Private Wealth LLC now owns 2,993 shares of the company’s stock valued at $285,000 after buying an additional 163 shares in the last quarter. Hedge funds and other institutional investors own 75.93% of the company’s stock.

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.