William Dunaway Sells 64,017 Shares of StoneX Group (NASDAQ:SNEX) Stock

StoneX Group Inc. (NASDAQ:SNEX) CFO William Dunaway sold 64,017 shares of StoneX Group stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $110.46, for a total transaction of $7,071,317.82. Following the completion of the sale, the chief financial officer owned 273,586 shares of the company’s stock, valued at $30,220,309.56. This trade represents a 18.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

StoneX Group Stock Down 1.3%

StoneX Group stock opened at $109.37 on Wednesday. StoneX Group Inc. has a twelve month low of $53.52 and a twelve month high of $125.42. The stock’s fifty day simple moving average is $100.20 and its 200-day simple moving average is $102.52. 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 firm has a market capitalization 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 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.47. StoneX Group had a return on equity of 19.31% and a net margin of 0.30%.The business had revenue of $826.40 million for the quarter, compared to analyst estimates of $1.37 billion. As a group, equities analysts expect that StoneX Group Inc. will post 6 earnings per share for the current fiscal year.

Institutional Trading of StoneX Group

Hedge funds have recently bought and sold shares of the company. Cornerstone Planning Group LLC boosted its position in StoneX Group by 4,133.3% during the third quarter. Cornerstone Planning Group LLC now owns 254 shares of the company’s stock worth $26,000 after acquiring an additional 248 shares during the last quarter. Cullen Frost Bankers Inc. lifted its holdings in shares of StoneX Group by 1,100.0% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 264 shares of the company’s stock valued at $27,000 after acquiring an additional 242 shares in the last quarter. AlphaQuest LLC lifted its holdings in shares of StoneX Group by 28,000.0% during the 3rd quarter. AlphaQuest LLC now owns 281 shares of the company’s stock valued at $28,000 after acquiring an additional 280 shares in the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in shares of StoneX Group during the 1st quarter valued at $34,000. Finally, Sterling Capital Management LLC increased its stake in StoneX Group by 48.8% during the 1st quarter. Sterling Capital Management LLC now owns 476 shares of the company’s stock worth $38,000 after buying an additional 156 shares during the period. Institutional investors and hedge funds own 75.93% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on SNEX. Wall Street Zen upgraded shares of StoneX Group from a “hold” rating to a “buy” rating in a research note on Sunday, April 5th. Jefferies Financial Group increased their target price 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. Weiss Ratings raised shares of StoneX Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. Finally, William Blair reaffirmed an “outperform” rating on shares of StoneX Group in a report on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $122.00.

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.