StoneX Group (NASDAQ:SNEX) CAO Sells $429,275.00 in Stock

StoneX Group Inc. (NASDAQ:SNEX) CAO Aaron Schroeder sold 3,500 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $122.65, for a total value of $429,275.00. Following the completion of the transaction, the chief accounting officer directly owned 51,481 shares in the company, valued at $6,314,144.65. This trade represents a 6.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

StoneX Group Stock Performance

Shares of StoneX Group stock opened at $110.21 on Friday. StoneX Group Inc. has a 52 week low of $53.52 and a 52 week high of $125.42. The company has a quick ratio of 1.33, a current ratio of 1.74 and a debt-to-equity ratio of 1.27. The stock’s fifty day moving average is $100.35 and its two-hundred day moving average is $102.27. The company has a market capitalization of $8.73 billion, a PE ratio of 19.69 and a beta of 0.64.

StoneX Group (NASDAQ:SNEX) last posted its quarterly 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 return on equity of 19.31% and a net margin of 0.30%.The business had revenue of $826.40 million for the quarter, compared to the consensus estimate of $1.37 billion. As a group, analysts expect that StoneX Group Inc. will post 6 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On StoneX Group

Hedge funds have recently made changes to their positions in the stock. Cornerstone Planning Group LLC lifted its stake in shares of StoneX Group by 4,133.3% during the 3rd quarter. Cornerstone Planning Group LLC now owns 254 shares of the company’s stock worth $26,000 after purchasing an additional 248 shares during the last quarter. Cullen Frost Bankers Inc. lifted its stake in shares of StoneX Group by 1,100.0% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 264 shares of the company’s stock worth $27,000 after purchasing an additional 242 shares during the last quarter. AlphaQuest LLC lifted its stake in shares of StoneX Group by 28,000.0% during the 3rd quarter. AlphaQuest LLC now owns 281 shares of the company’s stock worth $28,000 after purchasing an additional 280 shares during the last quarter. Cassaday & Co Wealth Management LLC purchased a new stake in shares of StoneX Group during the 1st quarter worth $34,000. Finally, Transamerica Financial Advisors LLC lifted its stake in shares of StoneX Group by 183.0% during the 4th quarter. Transamerica Financial Advisors LLC now owns 433 shares of the company’s stock worth $41,000 after purchasing an additional 280 shares during the last quarter. 75.93% of the stock is currently owned by hedge funds and other 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.