StoneX Group (NASDAQ:SNEX) Director John Moore Fowler Sells 1,575 Shares of Stock

StoneX Group Inc. (NASDAQ:SNEX) Director John Moore Fowler sold 1,575 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $75.41, for a total transaction of $118,770.75. Following the sale, the director directly owned 255,271 shares of the company’s stock, valued at $19,249,986.11. This represents a 0.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

StoneX Group Trading Down 12.2%

Shares of SNEX opened at $66.72 on Friday. StoneX Group Inc. has a twelve month low of $36.25 and a twelve month high of $94.66. The firm has a market capitalization of $7.93 billion, a P/E ratio of 15.93 and a beta of 0.66. The company has a current ratio of 1.74, a quick ratio of 1.33 and a debt-to-equity ratio of 1.27. The stock’s fifty day simple moving average is $79.70 and its 200 day simple moving average is $74.91.

StoneX Group (NASDAQ:SNEX) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.14. The firm had revenue of $718.00 million during the quarter, compared to the consensus estimate of $1.32 billion. StoneX Group had a return on equity of 20.80% and a net margin of 0.33%. On average, equities research analysts forecast that StoneX Group Inc. will post 4 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SNEX. Jefferies Financial Group cut StoneX Group from a “buy” rating to a “hold” rating and decreased their target price for the stock from $123.00 to $112.00 in a report on Monday, July 20th. Zacks Research cut shares of StoneX Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Weiss Ratings downgraded shares of StoneX Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, July 17th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $112.00.

Institutional Investors Weigh In On StoneX Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Cassaday & Co Wealth Management LLC acquired a new position in StoneX Group during the 1st quarter worth approximately $34,000. Sterling Capital Management LLC raised its stake in shares of StoneX Group by 48.7% during the first quarter. Sterling Capital Management LLC now owns 476 shares of the company’s stock valued at $38,000 after purchasing an additional 156 shares during the period. Basecamp Wealth Advisors LLC raised its stake in shares of StoneX Group by 49.7% during the first quarter. Basecamp Wealth Advisors LLC now owns 512 shares of the company’s stock valued at $41,000 after purchasing an additional 170 shares during the period. Transamerica Financial Advisors LLC lifted its position in shares of StoneX Group by 183.0% during the fourth quarter. Transamerica Financial Advisors LLC now owns 433 shares of the company’s stock worth $41,000 after purchasing an additional 280 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of StoneX Group in the second quarter valued at $42,000. Hedge funds and other institutional investors own 75.93% of the company’s stock.

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.