Insider Selling: StoneX Group (NASDAQ:SNEX) Director Sells $106,540.00 in Stock

StoneX Group Inc. (NASDAQ:SNEX) Director Annabelle Bexiga sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $106.54, for a total transaction of $106,540.00. Following the sale, the director directly owned 16,459 shares in the company, valued at $1,753,541.86. The trade was a 5.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

StoneX Group Price Performance

SNEX stock opened at $103.68 on Friday. The company has a fifty day moving average price of $115.20 and a 200-day moving average price of $102.35. The company has a market capitalization of $5.44 billion, a P/E ratio of 15.47 and a beta of 0.42. StoneX Group Inc. has a 52-week low of $65.00 and a 52-week high of $132.57. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.34 and a current ratio of 1.80.

Shares of StoneX Group are going to split on the morning of Monday, March 23rd. The 3-2 split was announced on Thursday, February 5th. The newly issued shares will be payable to shareholders after the closing bell on Tuesday, March 10th.

StoneX Group (NASDAQ:SNEX) last announced its earnings results on Wednesday, February 4th. The company reported $2.50 EPS for the quarter, topping the consensus estimate of $2.06 by $0.44. The firm had revenue of $724.00 million for the quarter, compared to the consensus estimate of $1.24 billion. StoneX Group had a return on equity of 16.43% and a net margin of 0.25%. As a group, equities analysts expect that StoneX Group Inc. will post 8.7 EPS for the current year.

Hedge Funds Weigh In On StoneX Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada lifted its position in shares of StoneX Group by 129.0% during the 1st quarter. Royal Bank of Canada now owns 77,545 shares of the company’s stock valued at $5,923,000 after acquiring an additional 43,678 shares during the period. NewEdge Advisors LLC acquired a new stake in StoneX Group in the first quarter worth $449,000. Goldman Sachs Group Inc. grew its holdings in StoneX Group by 6.5% in the first quarter. Goldman Sachs Group Inc. now owns 225,711 shares of the company’s stock worth $17,240,000 after purchasing an additional 13,815 shares during the period. United Services Automobile Association bought a new stake in StoneX Group in the first quarter valued at $210,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in StoneX Group by 55.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 107,125 shares of the company’s stock valued at $8,182,000 after purchasing an additional 38,073 shares in the last quarter. 75.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Zacks Research raised shares of StoneX Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Weiss Ratings raised shares of StoneX Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. Jefferies Financial Group boosted their target price on shares of StoneX Group from $99.00 to $122.00 and gave the company a “buy” rating in a report on Monday, February 2nd. Wall Street Zen raised shares of StoneX Group from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Finally, William Blair reiterated an “outperform” rating on shares of StoneX Group in a report on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. According to data from MarketBeat, StoneX Group has an average rating of “Buy” and a consensus target price of $122.00.

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.