StoneX Group Inc. (NASDAQ:SNEX – Get Rating) – Analysts at Jefferies Financial Group increased their Q1 2023 EPS estimates for StoneX Group in a research report issued to clients and investors on Tuesday, November 22nd. Jefferies Financial Group analyst D. Fannon now forecasts that the company will post earnings per share of $2.25 for the quarter, up from their prior estimate of $1.97. The consensus estimate for StoneX Group’s current full-year earnings is $8.50 per share. Jefferies Financial Group also issued estimates for StoneX Group’s Q4 2023 earnings at $2.31 EPS and FY2024 earnings at $8.95 EPS.
Separately, TheStreet cut shares of StoneX Group from a “b” rating to a “c+” rating in a research note on Friday, August 5th.
StoneX Group Price Performance
Institutional Investors Weigh In On StoneX Group
Hedge funds have recently bought and sold shares of the company. Financial Management Professionals Inc. acquired a new stake in StoneX Group in the third quarter worth $25,000. FinTrust Capital Advisors LLC acquired a new stake in StoneX Group in the second quarter worth $26,000. Gladius Capital Management LP acquired a new stake in StoneX Group in the second quarter worth $53,000. Key Financial Inc acquired a new stake in StoneX Group in the third quarter worth $83,000. Finally, KBC Group NV acquired a new stake in shares of StoneX Group during the second quarter worth $112,000. 75.85% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at StoneX Group
In other StoneX Group news, CEO Sean Michael Oconnor sold 18,600 shares of the firm’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $101.34, for a total value of $1,884,924.00. Following the transaction, the chief executive officer now directly owns 331,659 shares of the company’s stock, valued at $33,610,323.06. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 16.79% of the company’s stock.
About StoneX Group
StoneX Group Inc operates as a global financial services network that connects companies, organizations, traders, and investors to market ecosystem worldwide. Its Commercial segment provides risk management and hedging, exchange-traded and OTC products execution and clearing, voice brokerage, market intelligence, physical trading, and commodity financing and logistics services.
- Get a free copy of the StockNews.com research report on StoneX Group (SNEX)
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