StoneX Group (NASDAQ:SNEX) Insider Sells $3,487,930.00 in Stock

StoneX Group Inc. (NASDAQ:SNEX) insider Mark Lowry Maurer sold 52,648 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $66.25, for a total value of $3,487,930.00. Following the transaction, the insider owned 236,964 shares in the company, valued at $15,698,865. This trade represents a 18.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Mark Lowry Maurer also recently made the following trade(s):

• On Wednesday, July 22nd, Mark Lowry Maurer sold 52,376 shares of StoneX Group stock. The stock was sold at an average price of $74.32, for a total value of $3,892,584.32.
• On Tuesday, June 16th, Mark Lowry Maurer sold 17,313 shares of StoneX Group stock. The stock was sold at an average price of $89.09, for a total value of $1,542,357.46.
• On Monday, June 15th, Mark Lowry Maurer sold 52,059 shares of StoneX Group stock. The shares were sold at an average price of $90.21, for a total transaction of $4,696,068.86.

StoneX Group Stock Down 3.8%

Shares of NASDAQ SNEX opened at $66.78 on Friday. The stock has a market capitalization of $8.06 billion, a P/E ratio of 15.94 and a beta of 0.66. StoneX Group Inc. has a one year low of $36.45 and a one year high of $94.66. The firm’s 50 day simple moving average is $78.89 and its two-hundred day simple moving average is $74.71. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.82 and a quick ratio of 1.39.

StoneX Group (NASDAQ:SNEX) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.14. StoneX Group had a net margin of 0.33% and a return on equity of 20.18%. The company had revenue of $718.00 million during the quarter, compared to analysts’ expectations of $1.32 billion. As a group, analysts expect that StoneX Group Inc. will post 4.35 EPS for the current fiscal year.

Institutional Investors Weigh In On StoneX Group

A number of large investors have recently added to or reduced their stakes in SNEX. Rakuten Securities Inc. bought a new position in shares of StoneX Group during the second quarter valued at about $26,000. Cassaday & Co Wealth Management LLC purchased a new position in StoneX Group during the 1st quarter valued at about $34,000. Sterling Capital Management LLC increased its holdings in StoneX Group by 48.7% during the 1st quarter. Sterling Capital Management LLC now owns 476 shares of the company’s stock valued at $38,000 after purchasing an additional 156 shares during the period. Basecamp Wealth Advisors LLC raised its position in StoneX Group by 49.7% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 512 shares of the company’s stock valued at $41,000 after purchasing an additional 170 shares during the last quarter. Finally, Transamerica Financial Advisors LLC raised its position in StoneX Group by 183.0% during the 4th quarter. Transamerica Financial Advisors LLC now owns 433 shares of the company’s stock valued at $41,000 after purchasing an additional 280 shares during the last quarter. Institutional investors own 75.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on SNEX shares. Weiss Ratings cut StoneX Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, July 17th. Wall Street Zen lowered StoneX Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Jefferies Financial Group cut 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. Finally, Zacks Research upgraded StoneX Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $112.00.

StoneX Group Company Profile

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.