StoneX Group (NASDAQ:SNEX) Stock: Insider Sean Michael Oconnor Sells 76,148 Shares

StoneX Group Inc. (NASDAQ:SNEX) Chairman Sean O’Connor sold 76,148 shares of the company’s stock in a transaction on Monday, October 12th. The stock was sold at an average price of $60.35, for a total value of $4,595,531.80. Following the completion of the sale, the chairman directly owned 1,831,799 shares in the company, valued at approximately $110,549,069.65. The trade was a 3.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 Wednesday, July 22nd, Sean O’Connor sold 104,934 shares of StoneX Group stock. The stock was sold at an average price of $74.33, for a total value of $7,799,744.22.

StoneX Group Stock Down 0.2%

StoneX Group stock traded down $0.14 on Tuesday, hitting $60.24. 1,624,795 shares of the stock traded hands, compared to its average volume of 976,441. The company has a current ratio of 1.82, a quick ratio of 1.39 and a debt-to-equity ratio of 1.45. The firm has a market cap of $7.27 billion, a P/E ratio of 14.41 and a beta of 0.62. The business’s fifty day simple moving average is $67.36 and its 200 day simple moving average is $71.82. StoneX Group Inc. has a 1 year low of $36.45 and a 1 year high of $94.66.

StoneX Group (NASDAQ:SNEX) last announced its earnings results on Wednesday, August 5th. The company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.14. The firm had revenue of $39.71 billion for 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%. As a group, sell-side analysts forecast that StoneX Group Inc. will post 4.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

SNEX has been the subject of a number of recent research reports. Weiss Ratings cut shares of StoneX Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, September 29th. Zacks Research cut shares of StoneX Group from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Wall Street Zen downgraded shares of StoneX Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Jefferies Financial Group downgraded shares of StoneX Group from a “buy” rating to a “hold” rating and decreased their target price for the company from $123.00 to $112.00 in a research note on Monday, July 20th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $112.00.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. NorthCrest Asset Manangement LLC boosted its holdings in StoneX Group by 48.4% in the third quarter. NorthCrest Asset Manangement LLC now owns 8,188 shares of the company’s stock worth $492,000 after acquiring an additional 2,671 shares in the last quarter. Perpetual Ltd increased its holdings in shares of StoneX Group by 47.5% during the third quarter. Perpetual Ltd now owns 323,178 shares of the company’s stock valued at $20,890,000 after acquiring an additional 104,054 shares in the last quarter. ANB Bank increased its holdings in shares of StoneX Group by 50.0% during the third quarter. ANB Bank now owns 5,631 shares of the company’s stock valued at $364,000 after acquiring an additional 1,877 shares in the last quarter. GK Wealth Management LLC increased its holdings in shares of StoneX Group by 30.1% during the third quarter. GK Wealth Management LLC now owns 5,302 shares of the company’s stock valued at $343,000 after acquiring an additional 1,226 shares in the last quarter. Finally, Cadent Capital Advisors LLC raised its position in shares of StoneX Group by 50.0% in the 3rd quarter. Cadent Capital Advisors LLC now owns 8,730 shares of the company’s stock worth $564,000 after purchasing an additional 2,910 shares during the last quarter. Hedge funds and other institutional investors own 75.93% of the company’s stock.

StoneX Group Company Profile

StoneX Group Inc is a global financial services company that provides execution, clearing, custody, payments, market intelligence and risk-management solutions. Through its businesses, the company serves commercial and institutional clients, asset managers, broker-dealers, government and nonprofit organizations, and retail investors.

StoneX offers access to a broad range of markets and products, including equities, fixed income, foreign exchange, commodities, futures and options. Its services include institutional trading and clearing, physical commodities and hedging solutions, global payments, securities financing, wealth-management support and online trading for individual investors.

The company operates through a global network serving clients across North America, Latin America, Europe, Asia and other international markets.