Insider Selling: StoneX Group (NASDAQ:SNEX) Director Sells $169,230.00 in Stock

StoneX Group Inc. (NASDAQ:SNEX) Director Annabelle Bexiga sold 1,500 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $112.82, for a total transaction of $169,230.00. Following the completion of the transaction, the director owned 21,688 shares of the company’s stock, valued at $2,446,840.16. This trade represents a 6.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

StoneX Group Stock Up 3.2%

Shares of NASDAQ SNEX opened at $112.92 on Thursday. The company has a current ratio of 1.74, a quick ratio of 1.33 and a debt-to-equity ratio of 1.27. StoneX Group Inc. has a 12 month low of $53.52 and a 12 month high of $125.42. The firm has a market capitalization of $8.95 billion, a PE ratio of 20.18 and a beta of 0.64. The firm has a fifty day simple moving average of $100.28 and a two-hundred day simple moving average of $102.65.

StoneX Group (NASDAQ:SNEX) last released its earnings results 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. The firm had revenue of $826.40 million for the quarter, compared to the consensus estimate of $1.37 billion. StoneX Group had a net margin of 0.30% and a return on equity of 19.31%. Equities analysts expect that StoneX Group Inc. will post 6 earnings per share for the current year.

Institutional Trading of StoneX Group

Several institutional investors have recently bought and sold shares of the company. Choreo LLC grew its position in StoneX Group by 4.5% during the 4th quarter. Choreo LLC now owns 2,764 shares of the company’s stock valued at $270,000 after purchasing an additional 118 shares during the last quarter. Xponance Inc. grew its position in StoneX Group by 3.6% during the 3rd quarter. Xponance Inc. now owns 3,624 shares of the company’s stock valued at $366,000 after purchasing an additional 125 shares during the last quarter. Lido Advisors LLC grew its position in StoneX Group by 3.2% during the 4th quarter. Lido Advisors LLC now owns 4,050 shares of the company’s stock valued at $403,000 after purchasing an additional 125 shares during the last quarter. Maryland State Retirement & Pension System grew its position in StoneX Group by 2.2% during the 4th quarter. Maryland State Retirement & Pension System now owns 6,818 shares of the company’s stock valued at $649,000 after purchasing an additional 144 shares during the last quarter. Finally, Sterling Capital Management LLC grew its position in StoneX Group by 48.8% 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 last quarter. 75.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SNEX has been the topic of a number of recent research reports. Jefferies Financial Group upped their target price on shares of StoneX Group from $99.00 to $122.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. Weiss Ratings raised shares of StoneX Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. Zacks Research raised shares of StoneX Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Wall Street Zen raised shares of StoneX Group from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. Finally, William Blair reaffirmed an “outperform” rating on shares of StoneX Group in a research 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 MarketBeat.com, StoneX Group has a consensus rating of “Buy” and a consensus price target 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.