StoneX Group (NASDAQ:SNEX) Releases Quarterly Earnings Results, Beats Estimates By $0.14 EPS

StoneX Group (NASDAQ:SNEX) posted its quarterly earnings results on Wednesday. The company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.14, FiscalAI reports. The business had revenue of $718.00 million during the quarter, compared to the consensus estimate of $1.32 billion. StoneX Group had a return on equity of 19.31% and a net margin of 0.30%.

StoneX Group Stock Performance

SNEX traded up $0.79 during trading on Wednesday, reaching $76.02. 949,612 shares of the company were exchanged, compared to its average volume of 1,120,749. StoneX Group has a 52 week low of $35.68 and a 52 week high of $94.66. 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 firm has a 50 day moving average of $79.84 and a 200 day moving average of $74.91. The stock has a market cap of $9.04 billion, a P/E ratio of 20.37 and a beta of 0.66.

Analyst Upgrades and Downgrades

A number of research firms have commented on SNEX. Weiss Ratings downgraded StoneX Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, July 17th. Zacks Research lowered StoneX Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Jefferies Financial Group lowered StoneX Group from a “buy” rating to a “hold” rating and dropped their price target for the company from $123.00 to $112.00 in a research report on Monday, July 20th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $112.00.

Insider Buying and Selling

In related news, CEO Philip Andrew Smith sold 45,000 shares of the stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $74.32, for a total value of $3,344,400.00. Following the sale, the chief executive officer owned 738,216 shares of the company’s stock, valued at $54,864,213.12. This trade represents a 5.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Sean Michael Oconnor sold 104,934 shares of StoneX Group stock in a transaction that occurred on Wednesday, July 22nd. The shares were sold at an average price of $74.33, for a total value of $7,799,744.22. Following the sale, the chairman directly owned 1,750,447 shares in the company, valued at approximately $130,110,725.51. This trade represents a 5.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,455,027 shares of company stock valued at $114,078,877 in the last three months. 11.79% of the stock is owned by corporate insiders.

Institutional Trading of StoneX Group

Several large investors have recently added to or reduced their stakes in SNEX. Transamerica Financial Advisors LLC increased its position in StoneX Group by 183.0% in the 4th quarter. Transamerica Financial Advisors LLC now owns 433 shares of the company’s stock valued at $41,000 after acquiring an additional 280 shares during the period. Acadian Asset Management LLC boosted its position in StoneX Group by 50.0% during the 1st quarter. Acadian Asset Management LLC now owns 831 shares of the company’s stock worth $63,000 after acquiring an additional 277 shares during the period. Public Employees Retirement System of Ohio boosted its position in StoneX Group by 26.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 915 shares of the company’s stock worth $92,000 after acquiring an additional 193 shares during the period. CIBC Private Wealth Group LLC bought a new position in shares of StoneX Group in the third quarter worth $128,000. Finally, Parkside Financial Bank & Trust grew its stake in shares of StoneX Group by 18.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,432 shares of the company’s stock worth $136,000 after purchasing an additional 224 shares in the last quarter. 75.93% of the stock is currently owned by institutional investors and hedge funds.

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.