StoneX Group (NASDAQ:SNEX) CEO Sells 56,250 Shares of Company Stock

StoneX Group Inc. (NASDAQ:SNEX) CEO Philip Smith sold 56,250 shares of the company’s stock in a transaction that occurred on Monday, September 28th. The stock was sold at an average price of $65.69, for a total transaction of $3,695,062.50. Following the sale, the chief executive officer owned 738,216 shares in the company, valued at $48,493,409.04. The trade was a 7.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Philip Andrew Smith also recently made the following trade(s):

• On Wednesday, July 22nd, Philip Smith sold 45,000 shares of StoneX Group stock. The stock was sold at an average price of $74.32, for a total transaction of $3,344,400.00.

StoneX Group Stock Down 1.0%

StoneX Group stock traded down $0.65 during midday trading on Tuesday, reaching $65.25. The company’s stock had a trading volume of 588,478 shares, compared to its average volume of 840,640. The company has a market cap of $7.87 billion, a P/E ratio of 15.58 and a beta of 0.63. The company has a quick ratio of 1.39, a current ratio of 1.82 and a debt-to-equity ratio of 1.45. The business has a 50-day simple moving average of $69.39 and a 200-day simple moving average of $71.92. StoneX Group Inc. has a fifty-two week low of $36.45 and a fifty-two week high of $94.66.

StoneX Group (NASDAQ:SNEX) last released its quarterly earnings data on Wednesday, August 5th. The company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.14. The business had revenue of $39.71 billion for the quarter, compared to the consensus estimate of $1.32 billion. StoneX Group had a return on equity of 20.18% and a net margin of 0.33%. On average, research analysts expect that StoneX Group Inc. will post 4.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SNEX has been the topic of a number of research analyst reports. Wall Street Zen cut StoneX Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings upgraded StoneX Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, September 14th. Jefferies Financial Group downgraded StoneX Group from a “buy” rating to a “hold” rating and decreased their price objective for the company from $123.00 to $112.00 in a report on Monday, July 20th. Finally, Zacks Research upgraded shares of StoneX Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $112.00.

Institutional Investors Weigh In On StoneX Group

Hedge funds have recently modified their holdings of the stock. Sterling Capital Management LLC grew its stake in shares of StoneX Group by 48.7% during the first 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 last quarter. Basecamp Wealth Advisors LLC lifted its holdings in StoneX Group by 49.7% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 512 shares of the company’s stock worth $41,000 after buying an additional 170 shares in the last quarter. BayBridge Capital Group LLC lifted its holdings in StoneX Group by 5.3% during the 2nd quarter. BayBridge Capital Group LLC now owns 4,166 shares of the company’s stock worth $494,000 after buying an additional 208 shares in the last quarter. Rakuten Securities Inc. bought a new position in StoneX Group in the 2nd quarter valued at $26,000. Finally, Sheets Smith Wealth Management boosted its position in StoneX Group by 1.8% in the 2nd quarter. Sheets Smith Wealth Management now owns 13,871 shares of the company’s stock valued at $1,644,000 after buying an additional 244 shares during the last quarter. 75.93% of the stock is owned by institutional investors and hedge funds.

StoneX Group Company Profile

StoneX Group Inc (NASDAQ: SNEX) is a global financial services company that provides execution, clearing, market-making, advisory and risk-management services across a range of markets. Its clients include commercial and industrial businesses, institutional investors, broker-dealers, asset managers, professional traders and retail investors.

The company’s offerings include futures and options trading, securities execution and clearing, foreign exchange, global payments, commodities trading and hedging, and access to physical commodities markets.