Insider Selling: StoneX Group (NASDAQ:SNEX) Insider Sells 20,054 Shares of Stock

StoneX Group Inc. (NASDAQ:SNEX) insider Diego Rotsztain sold 20,054 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $111.48, for a total value of $2,235,619.92. Following the transaction, the insider directly owned 36,943 shares in the company, valued at approximately $4,118,405.64. The trade was a 35.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Diego Rotsztain also recently made the following trade(s):

• On Wednesday, May 20th, Diego Rotsztain sold 13,696 shares of StoneX Group stock. The shares were sold at an average price of $112.79, for a total value of $1,544,771.84.

StoneX Group Stock Performance

Shares of NASDAQ:SNEX traded up $3.55 during midday trading on Wednesday, reaching $112.92. 694,169 shares of the company’s stock traded hands, compared to its average volume of 684,630. The company has a market cap of $8.95 billion, a price-to-earnings ratio of 20.18 and a beta of 0.64. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.33 and a current ratio of 1.74. StoneX Group Inc. has a one year low of $53.52 and a one year high of $125.42. 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 announced its quarterly earnings results on Wednesday, May 6th. The company reported $2.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 19.31% and a net margin of 0.30%. As a group, equities research analysts anticipate that StoneX Group Inc. will post 6 EPS for the current fiscal year.

Analyst Ratings Changes

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

Hedge Funds Weigh In On StoneX Group

Institutional investors have recently added to or reduced their stakes in 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 holdings 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 buying an additional 242 shares in the last quarter. AlphaQuest LLC grew its holdings in StoneX Group by 28,000.0% during the 3rd quarter. AlphaQuest LLC now owns 281 shares of the company’s stock valued at $28,000 after buying an additional 280 shares in the last quarter. Cassaday & Co Wealth Management LLC purchased a new position in StoneX Group during the 1st quarter valued at approximately $34,000. Finally, Transamerica Financial Advisors LLC grew its holdings in StoneX Group by 183.0% during the 4th quarter. Transamerica Financial Advisors LLC now owns 433 shares of the company’s stock valued at $41,000 after buying an additional 280 shares in the last quarter. Hedge funds and other institutional investors own 75.93% of the company’s stock.

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.