StoneX Group (NASDAQ:SNEX) CEO Philip Andrew Smith Sells 51,540 Shares

StoneX Group Inc. (NASDAQ:SNEX) CEO Philip Andrew Smith sold 51,540 shares of StoneX Group stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $118.72, for a total transaction of $6,118,828.80. Following the sale, the chief executive officer directly owned 492,144 shares of the company’s stock, valued at $58,427,335.68. This represents a 9.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, April 10th, Philip Andrew Smith sold 30,000 shares of StoneX Group stock. The shares were sold at an average price of $92.23, for a total value of $2,766,900.00.

StoneX Group Stock Up 4.4%

Shares of NASDAQ:SNEX opened at $123.74 on Thursday. StoneX Group Inc. has a 52-week low of $53.52 and a 52-week high of $141.99. The stock has a market cap of $9.81 billion, a P/E ratio of 22.11 and a beta of 0.65. The business’s 50 day moving average is $118.15 and its 200 day moving average is $109.78. The company has a quick ratio of 1.33, a current ratio of 1.74 and a debt-to-equity ratio of 1.27.

StoneX Group’s stock is going to split on Monday, July 20th. The 3-2 split was announced on Tuesday, May 26th. The newly issued shares will be issued to shareholders after the closing bell on Friday, July 17th.

StoneX Group (NASDAQ:SNEX) last issued its earnings results on Wednesday, May 6th. The company reported $2.07 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $1.37 billion. Sell-side analysts predict that StoneX Group Inc. will post 6 EPS for the current year.

Analysts Set New Price Targets

SNEX has been the subject of a number of research reports. Weiss Ratings raised shares of StoneX Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday. Wall Street Zen raised shares of StoneX Group from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. William Blair restated an “outperform” rating on shares of StoneX Group in a report on Monday, March 9th. Finally, Zacks Research raised shares of StoneX Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $122.00.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its position in StoneX Group by 50.2% during the first quarter. Dimensional Fund Advisors LP now owns 2,107,795 shares of the company’s stock valued at $169,976,000 after purchasing an additional 704,493 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of StoneX Group by 18.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,851,468 shares of the company’s stock valued at $271,261,000 after acquiring an additional 439,771 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of StoneX Group by 24.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,499,292 shares of the company’s stock valued at $142,628,000 after purchasing an additional 294,203 shares during the last quarter. Bank of America Corp DE boosted its stake in StoneX Group by 115.6% in the 1st quarter. Bank of America Corp DE now owns 464,475 shares of the company’s stock worth $37,460,000 after purchasing an additional 249,088 shares in the last quarter. Finally, Van Berkom & Associates Inc. boosted its stake in StoneX Group by 21.1% in the 1st quarter. Van Berkom & Associates Inc. now owns 1,384,258 shares of the company’s stock worth $111,640,000 after purchasing an additional 240,749 shares in the last quarter. 75.93% of the stock is owned by institutional investors.

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.