Abigail H. Perkins Sells 10,112 Shares of StoneX Group Inc. (NASDAQ:SNEX) Stock

StoneX Group Inc. (NASDAQ:SNEX) insider Abigail H. Perkins sold 10,112 shares of the company’s stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $84.25, for a total value of $851,936.00. Following the completion of the sale, the insider now directly owns 37,616 shares of the company’s stock, valued at approximately $3,169,148. This trade represents a 21.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

StoneX Group Stock Down 0.7%

Shares of NASDAQ SNEX opened at $84.91 on Wednesday. The stock has a market cap of $4.15 billion, a PE ratio of 14.38 and a beta of 0.53. The company has a quick ratio of 1.35, a current ratio of 1.91 and a debt-to-equity ratio of 1.09. StoneX Group Inc. has a 52-week low of $47.33 and a 52-week high of $97.17. The business has a 50-day moving average price of $85.30 and a 200 day moving average price of $77.23.

StoneX Group (NASDAQ:SNEX) last posted its quarterly earnings data on Wednesday, May 14th. The company reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.09. StoneX Group had a return on equity of 17.03% and a net margin of 0.24%. The company had revenue of $956.00 million during the quarter, compared to analysts’ expectations of $907.30 million. Equities research analysts forecast that StoneX Group Inc. will post 8.7 earnings per share for the current year.

Institutional Trading of StoneX Group

Hedge funds have recently added to or reduced their stakes in the stock. D. E. Shaw & Co. Inc. lifted its position in StoneX Group by 283.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 36,433 shares of the company’s stock worth $3,569,000 after acquiring an additional 26,925 shares during the period. Harbor Capital Advisors Inc. lifted its position in StoneX Group by 24.1% during the 1st quarter. Harbor Capital Advisors Inc. now owns 394,903 shares of the company’s stock worth $30,163,000 after acquiring an additional 76,778 shares during the period. Millennium Management LLC lifted its position in StoneX Group by 149.8% during the 4th quarter. Millennium Management LLC now owns 41,761 shares of the company’s stock worth $4,091,000 after acquiring an additional 25,046 shares during the period. Rhumbline Advisers lifted its position in StoneX Group by 45.9% during the 1st quarter. Rhumbline Advisers now owns 129,081 shares of the company’s stock worth $9,860,000 after acquiring an additional 40,603 shares during the period. Finally, Deutsche Bank AG lifted its position in StoneX Group by 20.2% during the 4th quarter. Deutsche Bank AG now owns 48,101 shares of the company’s stock worth $4,712,000 after acquiring an additional 8,084 shares during the period. 75.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, William Blair started coverage on StoneX Group in a research report on Wednesday, March 26th. They issued an “outperform” rating for the company.

About StoneX Group

StoneX Group Inc operates as a global financial services network that connects companies, organizations, traders, and investors to market ecosystem worldwide. The company operates through Commercial, Institutional, Retail, and Global Payments segments. The Commercial segment provides risk management and hedging, exchange-traded and OTC products execution and clearing, voice brokerage, market intelligence, physical trading, and commodity financing and logistics services.