StoneX Group (NASDAQ:SNEX) CEO Sells $2,766,900.00 in Stock

StoneX Group Inc. (NASDAQ:SNEX) CEO Philip Andrew Smith sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $92.23, for a total value of $2,766,900.00. Following the completion of the transaction, the chief executive officer owned 514,719 shares in the company, valued at $47,472,533.37. The trade was a 5.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

StoneX Group Price Performance

Shares of NASDAQ SNEX opened at $104.32 on Friday. StoneX Group Inc. has a twelve month low of $52.00 and a twelve month high of $105.62. The stock’s 50 day moving average price is $106.67 and its 200-day moving average price is $100.95. The company has a market capitalization of $8.21 billion, a PE ratio of 23.36 and a beta of 0.42. The company has a quick ratio of 1.34, a current ratio of 1.80 and a debt-to-equity ratio of 1.34.

StoneX Group (NASDAQ:SNEX) last announced its earnings results on Wednesday, February 4th. The company reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.06 by $0.44. StoneX Group had a return on equity of 16.43% and a net margin of 0.25%.The firm had revenue of $724.00 million for the quarter, compared to the consensus estimate of $1.24 billion. On average, equities analysts anticipate that StoneX Group Inc. will post 8.7 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SNEX. Jefferies Financial Group boosted their target price on StoneX Group from $99.00 to $122.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. Wall Street Zen upgraded StoneX Group from a “hold” rating to a “buy” rating in a research note on Sunday, April 5th. Zacks Research downgraded StoneX Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. William Blair reiterated an “outperform” rating on shares of StoneX Group in a research note on Monday, March 9th. Finally, Weiss Ratings upgraded StoneX Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $122.00.

Hedge Funds Weigh In On StoneX Group

Several institutional investors have recently bought and sold shares of the company. Choreo LLC lifted its stake in StoneX Group by 4.5% in the fourth quarter. Choreo LLC now owns 2,764 shares of the company’s stock valued at $270,000 after purchasing an additional 118 shares during the last quarter. Xponance Inc. lifted its position in shares of StoneX Group by 3.6% during the third quarter. Xponance Inc. now owns 3,624 shares of the company’s stock worth $366,000 after acquiring an additional 125 shares in the last quarter. Lido Advisors LLC lifted its position in shares of StoneX Group by 3.2% during the fourth quarter. Lido Advisors LLC now owns 4,050 shares of the company’s stock worth $403,000 after acquiring an additional 125 shares in the last quarter. Maryland State Retirement & Pension System lifted its position in shares of StoneX Group by 2.2% during the fourth quarter. Maryland State Retirement & Pension System now owns 6,818 shares of the company’s stock worth $649,000 after acquiring an additional 144 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in shares of StoneX Group by 35.1% during the third quarter. Nisa Investment Advisors LLC now owns 612 shares of the company’s stock worth $62,000 after acquiring an additional 159 shares in the last quarter. Hedge funds and other institutional investors own 75.93% of the company’s stock.

StoneX Group Company Profile

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.