StoneX Group (NASDAQ:SNEX) CAO Aaron Schroeder Sells 3,500 Shares

StoneX Group Inc. (NASDAQ:SNEX) CAO Aaron Schroeder sold 3,500 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $122.65, for a total value of $429,275.00. Following the completion of the sale, the chief accounting officer directly owned 51,481 shares in the company, valued at $6,314,144.65. The trade was a 6.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

StoneX Group Trading Down 4.1%

SNEX opened at $116.81 on Wednesday. The business has a 50 day simple moving average of $101.11 and a two-hundred day simple moving average of $101.99. The firm has a market capitalization of $9.26 billion, a price-to-earnings ratio of 20.87 and a beta of 0.64. 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 Inc. has a one year low of $53.52 and a one year high of $125.42.

StoneX Group (NASDAQ:SNEX) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $2.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.47. StoneX Group had a return on equity of 19.31% and a net margin of 0.30%.The firm had revenue of $826.40 million for the quarter, compared to analyst estimates of $1.37 billion. Analysts predict that StoneX Group Inc. will post 6 EPS for the current year.

Wall Street Analysts Forecast Growth

SNEX has been the topic of a number of research analyst reports. Zacks Research raised shares of StoneX Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Weiss Ratings raised shares of StoneX Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. Wall Street Zen upgraded shares of StoneX Group from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. Jefferies Financial Group increased their price target on shares of StoneX Group from $99.00 to $122.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. Finally, William Blair reaffirmed an “outperform” rating on shares of StoneX Group in a research report on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $122.00.

Institutional Trading of StoneX Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its position in StoneX Group by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 4,031,545 shares of the company’s stock valued at $383,521,000 after buying an additional 11,240 shares during the period. Price T Rowe Associates Inc. MD raised its position in StoneX Group by 18.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,851,468 shares of the company’s stock worth $271,261,000 after acquiring an additional 439,771 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of StoneX Group by 50.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,107,795 shares of the company’s stock worth $169,976,000 after acquiring an additional 704,493 shares during the last quarter. State Street Corp boosted its stake in shares of StoneX Group by 0.3% during the 4th quarter. State Street Corp now owns 1,829,897 shares of the company’s stock worth $174,078,000 after acquiring an additional 6,220 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its position in shares of 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 valued at $142,628,000 after acquiring an additional 294,203 shares during the period. 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.