StoneX Group (NASDAQ:SNEX) CFO William Dunaway Sells 96,490 Shares of Stock

StoneX Group Inc. (NASDAQ:SNEX) CFO William Dunaway sold 96,490 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $66.35, for a total transaction of $6,402,111.50. Following the sale, the chief financial officer directly owned 502,203 shares in the company, valued at approximately $33,321,169.05. This represents a 16.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

StoneX Group Price Performance

StoneX Group stock traded up $1.31 during mid-day trading on Monday, reaching $68.41. The company had a trading volume of 785,589 shares, compared to its average volume of 1,079,134. StoneX Group Inc. has a 1 year low of $36.45 and a 1 year high of $94.66. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.82 and a quick ratio of 1.39. The company has a market capitalization of $8.25 billion, a P/E ratio of 16.33 and a beta of 0.66. The stock’s 50-day simple moving average is $78.69 and its 200-day simple moving average is $74.68.

StoneX Group (NASDAQ:SNEX) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.86 by $0.14. The business had revenue of $718.00 million for the quarter, compared to analyst estimates of $1.32 billion. StoneX Group had a return on equity of 20.18% and a net margin of 0.33%. On average, equities analysts predict that StoneX Group Inc. will post 4.35 EPS for the current year.

Hedge Funds Weigh In On StoneX Group

Several hedge funds have recently bought and sold shares of the stock. Rakuten Securities Inc. purchased a new stake in shares of StoneX Group in the second quarter valued at $26,000. Cassaday & Co Wealth Management LLC acquired a new position in StoneX Group in the 1st quarter valued at about $34,000. Sterling Capital Management LLC raised its stake in StoneX Group by 48.7% in the 1st 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 last quarter. Basecamp Wealth Advisors LLC lifted its holdings in StoneX Group by 49.7% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 512 shares of the company’s stock valued at $41,000 after purchasing an additional 170 shares in the last quarter. Finally, Transamerica Financial Advisors LLC lifted its holdings in 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 purchasing an additional 280 shares in the last quarter. Hedge funds and other institutional investors own 75.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Jefferies Financial Group lowered StoneX Group from a “buy” rating to a “hold” rating and lowered their target price for the company from $123.00 to $112.00 in a report on Monday, July 20th. Weiss Ratings lowered shares of StoneX Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, July 17th. Wall Street Zen cut shares of StoneX Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Zacks Research upgraded shares of StoneX Group from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. One 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 company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $112.00.

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.