Insider Selling: StoneX Group (NASDAQ:SNEX) Insider Sells 29,995 Shares of Stock

StoneX Group Inc. (NASDAQ:SNEX) insider Diego Rotsztain sold 29,995 shares of the firm’s stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of $74.32, for a total value of $2,229,228.40. Following the transaction, the insider owned 55,500 shares in the company, valued at approximately $4,124,760. This trade represents a 35.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, July 24th, Diego Rotsztain sold 20,630 shares of StoneX Group stock. The stock was sold at an average price of $74.40, for a total transaction of $1,534,872.00.
• On Wednesday, May 20th, Diego Rotsztain sold 20,544 shares of StoneX Group stock. The stock was sold at an average price of $75.19, for a total transaction of $1,544,771.84.
• On Monday, May 18th, Diego Rotsztain sold 30,081 shares of StoneX Group stock. The stock was sold at an average price of $74.32, for a total value of $2,235,619.92.

StoneX Group Stock Performance

Shares of NASDAQ:SNEX traded down $0.03 during midday trading on Tuesday, reaching $74.40. The company had a trading volume of 237,515 shares, compared to its average volume of 1,123,212. The company has a current ratio of 1.74, a quick ratio of 1.33 and a debt-to-equity ratio of 1.27. The stock has a market cap of $8.84 billion, a P/E ratio of 19.96 and a beta of 0.65. StoneX Group Inc. has a 52-week low of $35.68 and a 52-week high of $94.66. The company’s 50 day moving average price is $79.77 and its 200 day moving average price is $74.63.

StoneX Group (NASDAQ:SNEX) last released its earnings results on Wednesday, May 6th. The company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.31. StoneX Group had a net margin of 0.30% and a return on equity of 19.31%. The firm had revenue of $826.40 million during the quarter, compared to the consensus estimate of $1.37 billion. As a group, sell-side analysts anticipate that StoneX Group Inc. will post 4 EPS for the current fiscal year.

Institutional Trading of StoneX Group

Several hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its stake in shares of StoneX Group by 129.0% in the 1st quarter. Royal Bank of Canada now owns 77,545 shares of the company’s stock valued at $5,923,000 after acquiring an additional 43,678 shares during the last quarter. NewEdge Advisors LLC purchased a new stake in shares of StoneX Group during the first quarter valued at approximately $449,000. Goldman Sachs Group Inc. boosted its stake in shares of StoneX Group by 6.5% during the first quarter. Goldman Sachs Group Inc. now owns 225,711 shares of the company’s stock valued at $17,240,000 after purchasing an additional 13,815 shares during the period. United Services Automobile Association purchased a new stake in shares of StoneX Group during the first quarter worth about $210,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in StoneX Group by 55.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 107,125 shares of the company’s stock worth $8,182,000 after acquiring an additional 38,073 shares during the period. 75.93% of the stock is owned by institutional investors.

Key Stories Impacting StoneX Group

Here are the key news stories impacting StoneX Group this week:

• Neutral Sentiment: All reported transactions were made under pre-arranged Rule 10b5-1 plans, meaning the sales may have been scheduled in advance rather than driven by current business conditions. SEC insider trading filing
• Negative Sentiment: StoneX insiders sold a combined 348,905 shares worth approximately $25.9 million in transactions on July 22 and July 24. The sellers included Chairman Sean Michael Oconnor, CFO William J. Dunaway, CEO Philip Andrew Smith and other insiders. SEC insider trading filings
• Negative Sentiment: The largest sales came from Chairman Oconnor, who sold 104,934 shares for about $7.8 million, and CFO Dunaway, who sold 95,970 shares for about $7.1 million. CEO Smith sold 45,000 shares for approximately $3.3 million, while other insiders also reduced their holdings. SEC insider trading filing

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Jefferies Financial Group lowered shares of StoneX Group from a “buy” rating to a “hold” rating and cut their target price for the stock from $123.00 to $112.00 in a research report on Monday, July 20th. Weiss Ratings lowered shares of StoneX Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, July 17th. Zacks Research cut shares of StoneX Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Finally, Wall Street Zen upgraded shares of StoneX Group from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, StoneX Group presently has an average rating of “Moderate Buy” and an average target price of $112.00.

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.