Insider Selling: StoneX Group (NASDAQ:SNEX) Chairman Sells 75,000 Shares of Stock

StoneX Group Inc. (NASDAQ:SNEX) Chairman Sean Michael Oconnor sold 75,000 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $135.42, for a total transaction of $10,156,500.00. Following the completion of the sale, the chairman owned 1,086,921 shares in the company, valued at approximately $147,190,841.82. This trade represents a 6.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Friday, June 12th, Sean Michael Oconnor sold 75,000 shares of StoneX Group stock. The stock was sold at an average price of $131.15, for a total transaction of $9,836,250.00.
• On Tuesday, May 19th, Sean Michael Oconnor sold 72,140 shares of StoneX Group stock. The stock was sold at an average price of $109.94, for a total transaction of $7,931,071.60.
• 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 stock was sold at an average price of $111.46, for a total transaction of $9,785,073.40.

StoneX Group Stock Down 2.8%

SNEX traded down $3.84 during midday trading on Tuesday, reaching $131.89. The company’s stock had a trading volume of 1,505,184 shares, compared to its average volume of 697,201. The firm has a market capitalization of $10.45 billion, a price-to-earnings ratio of 23.57 and a beta of 0.64. The company has a current ratio of 1.74, a quick ratio of 1.33 and a debt-to-equity ratio of 1.27. StoneX Group Inc. has a 1 year low of $53.52 and a 1 year high of $139.24. The stock’s 50-day moving average is $109.51 and its 200-day moving average is $106.45.

Shares of StoneX Group are scheduled 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 issued to shareholders after the closing bell on Friday, July 17th.

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. The firm had revenue of $826.40 million for the quarter, compared to the consensus estimate of $1.37 billion. StoneX Group had a net margin of 0.30% and a return on equity of 19.31%. As a group, research analysts expect that StoneX Group Inc. will post 6 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on SNEX. Zacks Research upgraded shares of StoneX Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. William Blair reiterated an “outperform” rating on shares of StoneX Group in a research note on Monday, March 9th. Wall Street Zen upgraded shares of StoneX Group from a “hold” rating to a “buy” rating in a research note on Sunday, April 5th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of StoneX Group in a research report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $122.00.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. AlphaQuest LLC raised its position in 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 acquiring an additional 280 shares during the period. Cassaday & Co Wealth Management LLC purchased a new stake in shares of StoneX Group in the first quarter worth $34,000. Sterling Capital Management LLC increased its stake in shares of StoneX Group by 48.8% in the first quarter. Sterling Capital Management LLC now owns 476 shares of the company’s stock worth $38,000 after purchasing an additional 156 shares in the last quarter. Transamerica Financial Advisors LLC increased its stake in shares of StoneX Group by 183.0% in the fourth quarter. Transamerica Financial Advisors LLC now owns 433 shares of the company’s stock worth $41,000 after purchasing an additional 280 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of StoneX Group in the fourth quarter worth $50,000. 75.93% of the stock is currently owned by institutional investors.

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.