StoneX Group (NASDAQ:SNEX) Chairman Sean Michael Oconnor Sells 72,140 Shares of Stock

StoneX Group Inc. (NASDAQ:SNEX) Chairman Sean Michael Oconnor sold 72,140 shares of the stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $109.94, for a total value of $7,931,071.60. Following the completion of the transaction, the chairman owned 1,236,921 shares of the company’s stock, valued at $135,987,094.74. This trade represents a 5.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sean Michael Oconnor also recently made the following trade(s):

• On Friday, May 15th, Sean Michael Oconnor sold 140,070 shares of StoneX Group stock. The shares were sold at an average price of $110.31, for a total value of $15,451,121.70.
• On Monday, May 18th, Sean Michael Oconnor sold 87,790 shares of StoneX Group stock. The shares were sold at an average price of $111.46, for a total value of $9,785,073.40.

StoneX Group Trading Down 1.3%

NASDAQ:SNEX opened at $109.37 on Wednesday. The company has a quick ratio of 1.33, a current ratio of 1.74 and a debt-to-equity ratio of 1.27. StoneX Group Inc. has a 1-year low of $53.52 and a 1-year high of $125.42. The firm has a market capitalization of $8.67 billion, a price-to-earnings ratio of 19.54 and a beta of 0.64. The stock has a fifty day simple moving average of $100.20 and a 200 day simple moving average of $102.52.

StoneX Group (NASDAQ:SNEX) last released its quarterly earnings results on Wednesday, May 6th. The company reported $2.07 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $1.37 billion. Sell-side analysts forecast that StoneX Group Inc. will post 6 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On StoneX Group

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of StoneX Group by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 4,031,545 shares of the company’s stock valued at $383,521,000 after buying an additional 11,240 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of StoneX Group by 18.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,851,468 shares of the company’s stock valued at $271,261,000 after buying an additional 439,771 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of StoneX Group by 50.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,107,795 shares of the company’s stock valued at $169,976,000 after buying an additional 704,493 shares during the last quarter. State Street Corp lifted its holdings in shares of StoneX Group by 0.3% during the 4th quarter. State Street Corp now owns 1,829,897 shares of the company’s stock valued at $174,078,000 after buying an additional 6,220 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its holdings in shares of StoneX Group by 24.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,499,292 shares of the company’s stock valued at $142,628,000 after buying an additional 294,203 shares during the last quarter. Institutional investors and hedge funds 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.