StoneX Group (NASDAQ:SNEX) Stock: Insider Philip Andrew Smith Sells 45,000 Shares

StoneX Group Inc. (NASDAQ:SNEX) CEO Philip Smith sold 45,000 shares of the stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $59.50, for a total transaction of $2,677,500.00. Following the sale, the chief executive officer directly owned 738,216 shares in the company, valued at approximately $43,923,852. The trade was a 5.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Philip Andrew Smith also recently made the following trade(s):

• On Monday, September 28th, Philip Smith sold 56,250 shares of StoneX Group stock. The stock was sold at an average price of $65.69, for a total value of $3,695,062.50.
• On Wednesday, July 22nd, Philip Smith sold 45,000 shares of StoneX Group stock. The shares were sold at an average price of $74.32, for a total transaction of $3,344,400.00.

StoneX Group Stock Down 4.6%

Shares of SNEX opened at $57.16 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.82 and a debt-to-equity ratio of 1.45. The stock has a fifty day simple moving average of $66.42 and a two-hundred day simple moving average of $71.90. StoneX Group Inc. has a 52-week low of $36.45 and a 52-week high of $94.66. The company has a market capitalization of $6.89 billion, a PE ratio of 13.65 and a beta of 0.62.

StoneX Group (NASDAQ:SNEX) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.14. StoneX Group had a return on equity of 20.18% and a net margin of 0.33%. The firm had revenue of $39.71 billion during the quarter, compared to the consensus estimate of $1.32 billion. As a group, equities analysts forecast that StoneX Group Inc. will post 4.35 EPS for the current year.

Institutional Investors Weigh In On StoneX Group

Several institutional investors have recently bought and sold shares of SNEX. 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 worth $38,000 after purchasing an additional 156 shares during the period. 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 worth $41,000 after buying an additional 170 shares in the last quarter. BayBridge Capital Group LLC boosted its position in StoneX Group by 5.3% in the 2nd quarter. BayBridge Capital Group LLC now owns 4,166 shares of the company’s stock valued at $494,000 after buying an additional 208 shares during the last quarter. Versant Capital Management Inc increased its position in shares of StoneX Group by 51.1% during the third quarter. Versant Capital Management Inc now owns 630 shares of the company’s stock worth $41,000 after acquiring an additional 213 shares during the last quarter. Finally, Rakuten Securities Inc. acquired a new stake in StoneX Group during the 2nd quarter valued at approximately $26,000. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on SNEX shares. Jefferies Financial Group lowered StoneX Group from a “buy” rating to a “hold” rating and dropped their target price for the company from $123.00 to $112.00 in a report on Monday, July 20th. Wall Street Zen cut shares of StoneX Group from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings cut shares of StoneX Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday. Finally, Zacks Research cut shares of StoneX Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, StoneX Group has an average rating of “Hold” and a consensus price target of $112.00.

StoneX Group Company Profile

StoneX Group Inc is a global financial services company that provides execution, clearing, custody, payments, market intelligence and risk-management solutions. Through its businesses, the company serves commercial and institutional clients, asset managers, broker-dealers, government and nonprofit organizations, and retail investors.

StoneX offers access to a broad range of markets and products, including equities, fixed income, foreign exchange, commodities, futures and options. Its services include institutional trading and clearing, physical commodities and hedging solutions, global payments, securities financing, wealth-management support and online trading for individual investors.

The company operates through a global network serving clients across North America, Latin America, Europe, Asia and other international markets.