StoneX Group (NASDAQ:SNEX) Trading Down 6.1% – Time to Sell?

StoneX Group Inc. (NASDAQ:SNEX) shares fell 6.1% during mid-day trading on Friday . The stock traded as low as $103.65 and last traded at $104.16. 591,938 shares changed hands during trading, a decline of 21% from the average session volume of 750,250 shares. The stock had previously closed at $110.88.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Zacks Research downgraded StoneX Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Wall Street Zen upgraded shares of StoneX Group from a “hold” rating to a “buy” rating in a report on Sunday, April 5th. Finally, Weiss Ratings raised shares of StoneX Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, June 29th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $122.00.

StoneX Group Stock Down 6.1%

The company has a market capitalization of $8.25 billion, a P/E ratio of 18.62 and a beta of 0.65. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.74 and a quick ratio of 1.33. The company has a 50 day moving average of $120.57 and a 200-day moving average of $111.39.

StoneX Group shares are set to split before the market opens on Monday, July 20th. The 3-2 split was announced on Tuesday, May 26th. The newly issued shares will be distributed to shareholders after the market closes on Friday, July 17th.

StoneX Group (NASDAQ:SNEX) last released its quarterly earnings data on Wednesday, May 6th. The company reported $2.07 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.47. The business had revenue of $826.40 million during 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%. As a group, equities analysts anticipate that StoneX Group Inc. will post 6 EPS for the current year.

Insider Activity at StoneX Group

In related news, insider Mark Lowry Maurer sold 34,706 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $135.31, for a total value of $4,696,068.86. Following the completion of the sale, the insider owned 147,038 shares of the company’s stock, valued at $19,895,711.78. This trade represents a 19.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Diego Rotsztain sold 20,054 shares of StoneX Group stock in a transaction on Monday, May 18th. The shares were sold at an average price of $111.48, for a total transaction of $2,235,619.92. Following the completion of the sale, the insider owned 36,943 shares in the company, valued at approximately $4,118,405.64. This trade represents a 35.18% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 732,519 shares of company stock valued at $87,628,032 over the last 90 days. Company insiders own 11.79% of the company’s stock.

Institutional Investors Weigh In On StoneX Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in StoneX Group by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 4,031,545 shares of the company’s stock worth $383,521,000 after buying an additional 11,240 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in StoneX Group by 18.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,851,468 shares of the company’s stock valued at $271,261,000 after acquiring an additional 439,771 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings 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 period. State Street Corp grew its holdings 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 period. Finally, T. Rowe Price Investment Management Inc. raised its position in shares of StoneX Group by 24.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,499,292 shares of the company’s stock worth $142,628,000 after acquiring an additional 294,203 shares in the last quarter. 75.93% of the stock is owned by hedge funds and other institutional investors.

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.