Philip Andrew Smith Sells 4,000 Shares of StoneX Group Inc. (NASDAQ:SNEX) Stock

StoneX Group Inc. (NASDAQ:SNEX) CEO Philip Andrew Smith sold 4,000 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $75.89, for a total transaction of $303,560.00. Following the completion of the transaction, the chief executive officer now owns 221,898 shares of the company’s stock, valued at approximately $16,839,839.22. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

StoneX Group Stock Performance

SNEX stock opened at $76.72 on Friday. The company has a 50-day simple moving average of $76.10 and a 200 day simple moving average of $71.82. The company has a market capitalization of $2.43 billion, a P/E ratio of 10.23 and a beta of 0.77. The company has a quick ratio of 1.20, a current ratio of 1.61 and a debt-to-equity ratio of 1.52. StoneX Group Inc. has a fifty-two week low of $57.46 and a fifty-two week high of $84.40.

StoneX Group (NASDAQ:SNEX) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.05. StoneX Group had a net margin of 0.33% and a return on equity of 17.29%. The business had revenue of $818.20 million during the quarter, compared to analysts’ expectations of $788.30 million. Sell-side analysts predict that StoneX Group Inc. will post 7.25 earnings per share for the current fiscal year.

Hedge Funds Weigh In On StoneX Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Naples Money Management LLC bought a new stake in shares of StoneX Group in the 4th quarter worth $30,000. FinTrust Capital Advisors LLC grew its holdings in StoneX Group by 50.0% during the fourth quarter. FinTrust Capital Advisors LLC now owns 450 shares of the company’s stock worth $33,000 after acquiring an additional 150 shares during the period. Quest Partners LLC raised its position in StoneX Group by 9,133.3% in the second quarter. Quest Partners LLC now owns 554 shares of the company’s stock worth $42,000 after acquiring an additional 548 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in StoneX Group by 45.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 601 shares of the company’s stock valued at $44,000 after acquiring an additional 187 shares during the last quarter. Finally, Allworth Financial LP boosted its position in shares of StoneX Group by 49.5% during the 4th quarter. Allworth Financial LP now owns 815 shares of the company’s stock valued at $60,000 after purchasing an additional 270 shares in the last quarter. 75.93% of the stock is owned by institutional investors.

StoneX Group Company Profile

StoneX Group Inc operates as a global financial services network that connects companies, organizations, traders, and investors to market ecosystem worldwide. The company operates through Commercial, Institutional, Retail, and Global Payments segments. The 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.