Insider Selling: StoneX Group (NASDAQ:SNEX) CFO Sells 63,602 Shares of Stock

StoneX Group Inc. (NASDAQ:SNEX) CFO William Dunaway sold 63,602 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $131.16, for a total value of $8,342,038.32. Following the transaction, the chief financial officer directly owned 294,359 shares of the company’s stock, valued at approximately $38,608,126.44. This trade represents a 17.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

StoneX Group Stock Performance

NASDAQ SNEX traded up $5.04 on Monday, hitting $135.73. 2,271,368 shares of the stock traded hands, compared to its average volume of 592,342. The business’s fifty day moving average is $109.51 and its two-hundred day moving average is $106.45. StoneX Group Inc. has a 12 month low of $53.52 and a 12 month high of $138.47. The firm has a market capitalization of $10.76 billion, a price-to-earnings ratio of 24.25 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.

Shares of StoneX Group are set to split on 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 posted its earnings results on Wednesday, May 6th. The company reported $2.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.47. The firm had revenue of $826.40 million for the quarter, compared to the consensus estimate of $1.37 billion. StoneX Group had a return on equity of 19.31% and a net margin of 0.30%. As a group, equities analysts anticipate that StoneX Group Inc. will post 6 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SNEX. Bessemer Group Inc. grew its stake in shares of StoneX Group by 1,562.1% during the fourth quarter. Bessemer Group Inc. now owns 164,249 shares of the company’s stock valued at $15,626,000 after buying an additional 154,367 shares during the last quarter. Leuthold Group LLC grew its stake in shares of StoneX Group by 834.0% during the fourth quarter. Leuthold Group LLC now owns 30,487 shares of the company’s stock valued at $2,900,000 after buying an additional 27,223 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of 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 last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of StoneX Group by 18,363.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 26,772 shares of the company’s stock valued at $2,547,000 after buying an additional 26,627 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of StoneX Group by 23.9% during the third quarter. JPMorgan Chase & Co. now owns 758,390 shares of the company’s stock valued at $76,537,000 after buying an additional 146,065 shares during the last quarter. Institutional investors own 75.93% of the company’s stock.

Wall Street Analyst Weigh In

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

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.