Mark Lowry Maurer Sells 52,648 Shares of StoneX Group (NASDAQ:SNEX) Stock

StoneX Group Inc. (NASDAQ:SNEX) insider Mark Lowry Maurer sold 52,648 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $66.25, for a total value of $3,487,930.00. Following the transaction, the insider directly owned 236,964 shares in the company, valued at $15,698,865. This trade represents a 18.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Mark Lowry Maurer also recently made the following trade(s):

• On Wednesday, July 22nd, Mark Lowry Maurer sold 52,376 shares of StoneX Group stock. The shares were sold at an average price of $74.32, for a total value of $3,892,584.32.
• On Tuesday, June 16th, Mark Lowry Maurer sold 17,313 shares of StoneX Group stock. The shares were sold at an average price of $89.09, for a total value of $1,542,357.46.
• On Monday, June 15th, Mark Lowry Maurer sold 52,059 shares of StoneX Group stock. The stock was sold at an average price of $90.21, for a total value of $4,696,068.86.

StoneX Group Trading Up 1.9%

StoneX Group stock traded up $1.25 during trading hours on Tuesday, reaching $65.97. The company had a trading volume of 876,699 shares, compared to its average volume of 1,125,212. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.82 and a quick ratio of 1.39. StoneX Group Inc. has a 12-month low of $36.45 and a 12-month high of $94.66. The company has a 50-day moving average price of $79.26 and a 200 day moving average price of $74.82. The firm has a market cap of $7.96 billion, a price-to-earnings ratio of 15.75 and a beta of 0.66.

StoneX Group (NASDAQ:SNEX) last issued its earnings results on Wednesday, August 5th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.14. StoneX Group had a net margin of 0.33% and a return on equity of 20.18%. The firm had revenue of $718.00 million for the quarter, compared to analysts’ expectations of $1.32 billion. Equities analysts forecast that StoneX Group Inc. will post 4.35 earnings per share for the current year.

Institutional Investors Weigh In On StoneX Group

A number of large investors have recently modified their holdings of SNEX. Cassaday & Co Wealth Management LLC purchased a new position in shares of StoneX Group during the first quarter valued at about $34,000. Sterling Capital Management LLC boosted its position in StoneX Group by 48.7% during 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. Basecamp Wealth Advisors LLC grew its holdings in shares of StoneX Group by 49.7% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 512 shares of the company’s stock worth $41,000 after acquiring an additional 170 shares during the period. Transamerica Financial Advisors LLC grew its holdings in shares of StoneX Group by 183.0% during the 4th quarter. Transamerica Financial Advisors LLC now owns 433 shares of the company’s stock worth $41,000 after acquiring an additional 280 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of StoneX Group in the 2nd quarter worth approximately $42,000. Institutional investors own 75.93% of the company’s stock.

Analyst Ratings Changes

SNEX has been the topic of a number of analyst reports. Wall Street Zen cut shares of StoneX Group from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings lowered StoneX Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, July 17th. Jefferies Financial Group cut StoneX Group from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $123.00 to $112.00 in a report on Monday, July 20th. Finally, Zacks Research upgraded StoneX Group from a “hold” rating to a “strong-buy” rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $112.00.

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.