Abigail Perkins Sells 4,312 Shares of StoneX Group (NASDAQ:SNEX) Stock

StoneX Group Inc. (NASDAQ:SNEX) insider Abigail Perkins sold 4,312 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $118.51, for a total transaction of $511,015.12. Following the transaction, the insider directly owned 72,388 shares of the company’s stock, valued at $8,578,701.88. This represents a 5.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

StoneX Group Stock Performance

Shares of SNEX stock traded up $4.40 during trading hours on Tuesday, hitting $122.09. The company’s stock had a trading volume of 822,845 shares, compared to its average volume of 561,807. The company has a 50 day moving average of $105.57 and a 200 day moving average of $105.18. The stock has a market cap of $9.68 billion, a PE ratio of 21.81 and a beta of 0.64. 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.

Shares of StoneX Group are set to split on Monday, July 20th. The 3-2 split was announced on Tuesday, May 26th. The newly minted shares will be distributed to shareholders after the market closes on Friday, July 17th.

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on SNEX. Wall Street Zen upgraded shares of StoneX Group from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of StoneX Group in a research note on Friday, May 22nd. William Blair restated an “outperform” rating on shares of StoneX Group in a research report on Monday, March 9th. Finally, Zacks Research raised StoneX Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $122.00.

Hedge Funds Weigh In On StoneX Group

Large investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its position in shares of StoneX Group by 129.0% during the 1st quarter. Royal Bank of Canada now owns 77,545 shares of the company’s stock worth $5,923,000 after purchasing an additional 43,678 shares during the last quarter. NewEdge Advisors LLC purchased a new stake in StoneX Group during the 1st quarter worth approximately $449,000. Goldman Sachs Group Inc. raised its holdings in shares of StoneX Group by 6.5% during the first quarter. Goldman Sachs Group Inc. now owns 225,711 shares of the company’s stock valued at $17,240,000 after acquiring an additional 13,815 shares during the last quarter. United Services Automobile Association acquired a new position in shares of StoneX Group during the first quarter valued at approximately $210,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of StoneX Group by 55.1% in the first 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 acquiring an additional 38,073 shares in the last quarter. 75.93% of the stock is currently owned by institutional investors and hedge funds.

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.