Sean Michael Oconnor Sells 87,790 Shares of StoneX Group (NASDAQ:SNEX) Stock

StoneX Group Inc. (NASDAQ:SNEX) Chairman Sean Michael Oconnor sold 87,790 shares of the company’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $111.46, for a total transaction of $9,785,073.40. Following the completion of the transaction, the chairman directly owned 1,236,921 shares of the company’s stock, valued at approximately $137,867,214.66. The trade was a 6.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sean Michael Oconnor also recently made the following trade(s):

• On Tuesday, May 19th, Sean Michael Oconnor sold 72,140 shares of StoneX Group stock. The stock was sold at an average price of $109.94, for a total transaction of $7,931,071.60.
• On Friday, May 15th, Sean Michael Oconnor sold 140,070 shares of StoneX Group stock. The stock was sold at an average price of $110.31, for a total transaction of $15,451,121.70.

StoneX Group Stock Down 1.3%

Shares of StoneX Group stock traded down $1.43 during trading hours on Tuesday, reaching $109.37. 596,814 shares of the company’s stock were exchanged, compared to its average volume of 650,382. The company has a 50 day moving average of $100.20 and a two-hundred day moving average of $102.52. StoneX Group Inc. has a fifty-two week low of $53.52 and a fifty-two week high of $125.42. The company has a current ratio of 1.74, a quick ratio of 1.33 and a debt-to-equity ratio of 1.27. The stock has a market cap of $8.67 billion, a P/E ratio of 19.54 and a beta of 0.64.

StoneX Group (NASDAQ:SNEX) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $2.07 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.47. StoneX Group had a net margin of 0.30% and a return on equity of 19.31%. The company had revenue of $826.40 million during the quarter, compared to the consensus estimate of $1.37 billion. On average, sell-side analysts forecast that StoneX Group Inc. will post 6 EPS for the current fiscal year.

Institutional Investors Weigh In On StoneX Group

Institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its stake in StoneX Group by 129.0% in the first 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 last quarter. NewEdge Advisors LLC bought a new position in shares of StoneX Group during the 1st quarter valued at $449,000. Goldman Sachs Group Inc. lifted its position in StoneX Group by 6.5% in the first quarter. Goldman Sachs Group Inc. now owns 225,711 shares of the company’s stock valued at $17,240,000 after purchasing an additional 13,815 shares during the last quarter. United Services Automobile Association bought a new stake in StoneX Group in the 1st quarter worth $210,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in StoneX Group by 55.1% during the 1st 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 during the last quarter. 75.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SNEX shares. Jefferies Financial Group increased their price objective on shares of StoneX Group from $99.00 to $122.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. Zacks Research raised shares of StoneX Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Wall Street Zen raised shares of StoneX Group from a “hold” rating to a “buy” rating in a report on Sunday, April 5th. William Blair reissued an “outperform” rating on shares of StoneX Group in a report on Monday, March 9th. Finally, Weiss Ratings raised shares of StoneX Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average 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.