StoneX Group (NASDAQ:SNEX) Insider Abigail Perkins Sells 4,312 Shares

StoneX Group Inc. (NASDAQ:SNEX) insider Abigail Perkins sold 4,312 shares of the stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $118.51, for a total value of $511,015.12. Following the sale, the insider directly owned 72,388 shares in the company, valued at $8,578,701.88. This trade represents a 5.62% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

StoneX Group Stock Performance

Shares of SNEX opened at $122.09 on Wednesday. The stock’s 50-day simple moving average is $105.57 and its 200 day simple moving average is $105.18. The stock has a market capitalization of $9.68 billion, a price-to-earnings ratio of 21.81 and a beta of 0.64. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.33 and a current ratio of 1.74. StoneX Group Inc. has a 52-week low of $53.52 and a 52-week high of $125.42.

StoneX Group’s stock is going to split on the morning of Monday, July 20th. The 3-2 split was announced on Tuesday, May 26th. The newly minted shares will be payable to shareholders after the closing bell on Friday, July 17th.

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

Institutional Trading of StoneX Group

Institutional investors and hedge funds have recently modified their holdings of the business. AlphaQuest LLC raised its holdings in shares of StoneX Group by 28,000.0% in the 3rd quarter. AlphaQuest LLC now owns 281 shares of the company’s stock valued at $28,000 after acquiring an additional 280 shares in the last quarter. Cassaday & Co Wealth Management LLC purchased a new stake in shares of StoneX Group in the 1st quarter valued at about $34,000. Transamerica Financial Advisors LLC raised its holdings in shares of 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 in the last quarter. Sterling Capital Management LLC raised its holdings in shares of StoneX Group by 48.8% in the 1st quarter. Sterling Capital Management LLC now owns 476 shares of the company’s stock valued at $38,000 after acquiring an additional 156 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of StoneX Group in the 4th quarter valued at about $50,000. Hedge funds and other institutional investors own 75.93% of the company’s stock.

Analyst Ratings Changes

SNEX has been the topic of a number of recent research reports. Zacks Research raised StoneX Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Wall Street Zen raised StoneX Group from a “hold” rating to a “buy” rating in a report on Sunday, April 5th. William Blair reaffirmed an “outperform” rating on shares of StoneX Group in a report on Monday, March 9th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of StoneX Group in a report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, StoneX Group has an average rating of “Buy” and a consensus target price of $122.00.

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.