StoneX Group (NASDAQ:SNEX) CFO Sells $7,133,450.10 in Stock

StoneX Group Inc. (NASDAQ:SNEX) CFO William Dunaway sold 95,970 shares of the company’s stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $74.33, for a total transaction of $7,133,450.10. Following the completion of the transaction, the chief financial officer directly owned 472,131 shares in the company, valued at $35,093,497.23. The trade was a 16.89% decrease in their position. The transaction was disclosed in a legal filing 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.

StoneX Group Price Performance

Shares of SNEX opened at $77.62 on Friday. StoneX Group Inc. has a 1-year low of $35.68 and a 1-year high of $94.66. The stock has a market cap of $9.23 billion, a PE ratio of 20.80 and a beta of 0.65. The firm has a 50-day simple moving average of $79.79 and a two-hundred day simple moving average of $74.75. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.74 and a quick ratio of 1.33.

StoneX Group (NASDAQ:SNEX) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.07 by $0.31. The firm had revenue of $826.40 million for the quarter, compared to analyst estimates of $1.37 billion. StoneX Group had a net margin of 0.30% and a return on equity of 19.31%. As a group, analysts forecast that StoneX Group Inc. will post 4 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on SNEX shares. Weiss Ratings cut StoneX Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, July 17th. Zacks Research downgraded StoneX Group from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Jefferies Financial Group lowered StoneX Group from a “buy” rating to a “hold” rating and decreased their target price for the stock from $123.00 to $112.00 in a research note on Monday, July 20th. Finally, Wall Street Zen upgraded StoneX Group from a “hold” rating to a “buy” rating in a 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, StoneX Group has an average rating of “Moderate Buy” and an average target price of $112.00.

Institutional Investors Weigh In On StoneX Group

Several large investors have recently added to or reduced their stakes in the business. Wasatch Advisors LP acquired a new position in shares of StoneX Group in the second quarter worth $139,730,000. Dimensional Fund Advisors LP boosted its holdings in StoneX Group by 50.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,107,795 shares of the company’s stock valued at $169,976,000 after purchasing an additional 704,493 shares during the period. Price T Rowe Associates Inc. MD grew its stake in 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 worth $271,261,000 after purchasing an additional 439,771 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in 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 worth $142,628,000 after purchasing an additional 294,203 shares during the period. Finally, Bank of America Corp DE increased its holdings in StoneX Group by 115.6% during the 1st quarter. Bank of America Corp DE now owns 464,475 shares of the company’s stock worth $37,460,000 after purchasing an additional 249,088 shares during the period. 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 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.