StoneX Group (NASDAQ:SNEX) Insider Sells $614,238.92 in Stock

StoneX Group Inc. (NASDAQ:SNEX) insider Abigail Perkins sold 8,924 shares of the business’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $68.83, for a total transaction of $614,238.92. Following the sale, the insider directly owned 87,739 shares of the company’s stock, valued at $6,039,075.37. This represents a 9.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

StoneX Group Trading Up 1.3%

SNEX stock opened at $67.00 on Friday. StoneX Group Inc. has a 12 month low of $36.45 and a 12 month high of $94.66. The firm’s 50-day moving average is $70.26 and its 200 day moving average is $72.45. The company has a market capitalization of $8.08 billion, a PE ratio of 15.99 and a beta of 0.63. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.82 and a quick ratio of 1.39.

StoneX Group (NASDAQ:SNEX) last released its quarterly earnings data on Wednesday, August 5th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.14. The company had revenue of $39.71 billion during the quarter, compared to analysts’ expectations of $1.32 billion. StoneX Group had a net margin of 0.33% and a return on equity of 20.18%. On average, research analysts anticipate that StoneX Group Inc. will post 4.35 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on SNEX shares. Zacks Research raised StoneX Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Weiss Ratings raised StoneX Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Wall Street Zen cut StoneX Group from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Jefferies Financial Group downgraded StoneX Group from a “buy” rating to a “hold” rating and dropped their price target for the stock from $123.00 to $112.00 in a research report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, StoneX Group presently has a consensus rating of “Buy” and a consensus price target of $112.00.

Hedge Funds Weigh In On StoneX Group

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. bought a new position in StoneX Group in the second quarter worth approximately $1,343,877,000. Dimensional Fund Advisors LP boosted its position in 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 acquiring an additional 704,493 shares in the last quarter. Wasatch Advisors LP purchased a new position in shares of StoneX Group in the 2nd quarter valued at $139,730,000. Geode Capital Management LLC increased its holdings in shares of StoneX Group by 6.5% in the 4th quarter. Geode Capital Management LLC now owns 1,212,568 shares of the company’s stock valued at $115,369,000 after acquiring an additional 74,515 shares during the period. Finally, Van Berkom & Associates Inc. raised its position in shares of StoneX Group by 21.1% in the 1st quarter. Van Berkom & Associates Inc. now owns 1,384,258 shares of the company’s stock worth $111,640,000 after acquiring an additional 240,749 shares in the last quarter. 75.93% of the stock is currently owned by institutional investors.

StoneX Group Company Profile

StoneX Group Inc (NASDAQ: SNEX) is a global financial services company that provides execution, clearing, market-making, advisory and risk-management services across a range of markets. Its clients include commercial and industrial businesses, institutional investors, broker-dealers, asset managers, professional traders and retail investors.

The company’s offerings include futures and options trading, securities execution and clearing, foreign exchange, global payments, commodities trading and hedging, and access to physical commodities markets.