StoneX Group (NASDAQ:SNEX) Insider Mark Lowry Maurer Sells 52,953 Shares of Stock

StoneX Group Inc. (NASDAQ:SNEX) insider Mark Maurer sold 52,953 shares of the stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $60.35, for a total value of $3,195,713.55. Following the completion of the sale, the insider directly owned 219,663 shares of the company’s stock, valued at approximately $13,256,662.05. The trade was a 19.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Mark Lowry Maurer also recently made the following trade(s):

• On Tuesday, September 15th, Mark Maurer sold 50,528 shares of StoneX Group stock. The shares were sold at an average price of $67.02, for a total value of $3,386,386.56.
• On Monday, September 14th, Mark Maurer sold 52,564 shares of StoneX Group stock. The shares were sold at an average price of $68.83, for a total value of $3,617,980.12.
• On Friday, August 7th, Mark Maurer sold 52,648 shares of StoneX Group stock. The stock was sold at an average price of $66.25, for a total value of $3,487,930.00.
• On Wednesday, July 22nd, Mark Maurer sold 52,376 shares of StoneX Group stock. The stock was sold at an average price of $74.32, for a total value of $3,892,584.32.

StoneX Group Price Performance

Shares of SNEX opened at $59.93 on Thursday. StoneX Group Inc. has a 12-month low of $36.45 and a 12-month high of $94.66. The business’s fifty day moving average is $66.73 and its 200 day moving average is $71.94. The company has a quick ratio of 1.39, a current ratio of 1.82 and a debt-to-equity ratio of 1.45. The stock has a market cap of $7.23 billion, a P/E ratio of 14.31 and a beta of 0.62.

StoneX Group (NASDAQ:SNEX) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.14. The business had revenue of $39.71 billion during the quarter, compared to the consensus estimate of $1.32 billion. StoneX Group had a net margin of 0.33% and a return on equity of 20.18%. Sell-side analysts anticipate that StoneX Group Inc. will post 4.35 earnings per share for the current fiscal year.

Analyst Ratings Changes

SNEX has been the subject of a number of analyst reports. Wall Street Zen cut shares of StoneX Group from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings lowered shares of StoneX Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, September 29th. Jefferies Financial Group lowered shares of StoneX Group from a “buy” rating to a “hold” rating and lowered their target price for the stock from $123.00 to $112.00 in a report on Monday, July 20th. Finally, Zacks Research cut shares of StoneX Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $112.00.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of SNEX. BlackRock Inc. bought a new position in shares of StoneX Group during the second quarter valued at about $1,343,877,000. Dimensional Fund Advisors LP lifted its stake in shares of StoneX Group by 50.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,107,795 shares of the company’s stock valued at $169,976,000 after acquiring an additional 704,493 shares during the last quarter. Van Berkom & Associates Inc. lifted its stake in shares of StoneX Group by 21.1% in the 1st quarter. Van Berkom & Associates Inc. now owns 1,384,258 shares of the company’s stock valued at $111,640,000 after acquiring an additional 240,749 shares during the last quarter. Wasatch Advisors LP bought a new stake in shares of StoneX Group in the 2nd quarter valued at about $139,730,000. Finally, Punch & Associates Investment Management Inc. boosted its holdings in StoneX Group by 33.3% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 943,579 shares of the company’s stock valued at $76,100,000 after acquiring an additional 235,744 shares during the period. Hedge funds and other institutional investors own 75.93% of the company’s stock.

About StoneX Group

StoneX Group Inc is a global financial services company that provides execution, clearing, custody, payments, market intelligence and risk-management solutions. Through its businesses, the company serves commercial and institutional clients, asset managers, broker-dealers, government and nonprofit organizations, and retail investors.

StoneX offers access to a broad range of markets and products, including equities, fixed income, foreign exchange, commodities, futures and options. Its services include institutional trading and clearing, physical commodities and hedging solutions, global payments, securities financing, wealth-management support and online trading for individual investors.

The company operates through a global network serving clients across North America, Latin America, Europe, Asia and other international markets.