StoneX Group (NASDAQ:SNEX) Insider Sells $2,087,407.41 in Stock

StoneX Group Inc. (NASDAQ:SNEX) insider Diego Rotsztain sold 30,327 shares of the company’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $68.83, for a total transaction of $2,087,407.41. Following the completion of the transaction, the insider owned 55,168 shares of the company’s stock, valued at approximately $3,797,213.44. The trade was a 35.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, September 16th, Diego Rotsztain sold 20,298 shares of StoneX Group stock. The stock was sold at an average price of $67.13, for a total transaction of $1,362,604.74.
• On Wednesday, July 22nd, Diego Rotsztain sold 29,995 shares of StoneX Group stock. The shares were sold at an average price of $74.32, for a total transaction of $2,229,228.40.
• On Friday, July 24th, Diego Rotsztain sold 20,630 shares of StoneX Group stock. The shares were sold at an average price of $74.40, for a total transaction of $1,534,872.00.

StoneX Group Stock Performance

Shares of SNEX stock opened at $67.00 on Friday. The stock’s 50-day moving average is $70.26 and its two-hundred day moving average is $72.45. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.39 and a current ratio of 1.82. StoneX Group Inc. has a 1 year low of $36.45 and a 1 year high of $94.66. The firm has a market cap of $8.08 billion, a price-to-earnings ratio of 15.99 and a beta of 0.63.

StoneX Group (NASDAQ:SNEX) last posted its earnings results on Wednesday, August 5th. The company reported $1.00 earnings per share 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 return on equity of 20.18% and a net margin of 0.33%. Analysts predict that StoneX Group Inc. will post 4.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SNEX. Weiss Ratings raised StoneX Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Wall Street Zen cut shares of StoneX Group from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Zacks Research raised shares of StoneX Group from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Finally, Jefferies Financial Group downgraded shares of StoneX Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $123.00 to $112.00 in a research report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, StoneX Group has a consensus rating of “Buy” and a consensus target price of $112.00.

Institutional Trading of StoneX Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rakuten Securities Inc. purchased a new position in shares of StoneX Group in the 2nd quarter valued at approximately $26,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of StoneX Group during the first quarter worth approximately $34,000. Sterling Capital Management LLC lifted its holdings in shares of StoneX Group by 48.7% during 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 during the period. Basecamp Wealth Advisors LLC grew its position in StoneX Group by 49.7% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 512 shares of the company’s stock valued at $41,000 after buying an additional 170 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in StoneX Group in the 2nd quarter valued at $42,000. 75.93% of the stock is owned by hedge funds and other institutional investors.

About StoneX Group

StoneX Group Inc (NASDAQ: SNEX) is a global financial services company that provides execution, clearing, market-making, advisory and risk-management services across a range of markets. Its clients include commercial and industrial businesses, institutional investors, broker-dealers, asset managers, professional traders and retail investors.

The company’s offerings include futures and options trading, securities execution and clearing, foreign exchange, global payments, commodities trading and hedging, and access to physical commodities markets.