StoneX Group (NASDAQ:SNEX) Insider Mark Lowry Maurer Sells 52,376 Shares

StoneX Group Inc. (NASDAQ:SNEX) insider Mark Lowry Maurer sold 52,376 shares of StoneX Group stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $74.32, for a total transaction of $3,892,584.32. Following the completion of the sale, the insider owned 220,240 shares in the company, valued at approximately $16,368,236.80. This represents a 19.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Mark Lowry Maurer also recently made the following trade(s):

• On Tuesday, June 16th, Mark Lowry Maurer sold 17,313 shares of StoneX Group stock. The shares were sold at an average price of $89.09, for a total transaction of $1,542,357.46.
• On Monday, June 15th, Mark Lowry Maurer sold 52,059 shares of StoneX Group stock. The stock was sold at an average price of $90.21, for a total transaction of $4,696,068.86.

StoneX Group Stock Performance

Shares of NASDAQ SNEX traded down $0.49 during midday trading on Tuesday, hitting $73.94. 215,240 shares of the company’s stock were exchanged, compared to its average volume of 1,123,049. StoneX Group Inc. has a twelve month low of $35.68 and a twelve month high of $94.66. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.74 and a quick ratio of 1.33. The firm has a market cap of $8.79 billion, a P/E ratio of 19.84 and a beta of 0.65. The stock’s 50 day moving average price is $79.77 and its 200-day moving average price is $74.63.

StoneX Group (NASDAQ:SNEX) last released its earnings results on Wednesday, May 6th. The company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.07 by $0.31. StoneX Group had a net margin of 0.30% and a return on equity of 19.31%. The firm had revenue of $826.40 million for the quarter, compared to analysts’ expectations of $1.37 billion. Equities research analysts anticipate that StoneX Group Inc. will post 4 EPS for the current year.

Hedge Funds Weigh In On StoneX Group

A number of institutional investors have recently bought and sold shares of SNEX. Royal Bank of Canada lifted its stake in StoneX Group by 129.0% during the first quarter. Royal Bank of Canada now owns 77,545 shares of the company’s stock valued at $5,923,000 after buying an additional 43,678 shares in the last quarter. NewEdge Advisors LLC acquired a new position in shares of StoneX Group in the first quarter worth about $449,000. Goldman Sachs Group Inc. increased its position in shares of StoneX Group by 6.5% in the first quarter. Goldman Sachs Group Inc. now owns 225,711 shares of the company’s stock worth $17,240,000 after acquiring an additional 13,815 shares in the last quarter. United Services Automobile Association acquired a new stake 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 raised its holdings in shares of StoneX Group by 55.1% during 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 during the period. Hedge funds and other institutional investors own 75.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Weiss Ratings downgraded StoneX Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, July 17th. Jefferies Financial Group cut StoneX Group from a “buy” rating to a “hold” rating and lowered their price target for the company from $123.00 to $112.00 in a research report on Monday, July 20th. Zacks Research downgraded StoneX Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Finally, Wall Street Zen upgraded StoneX Group from a “hold” rating to a “buy” rating in a report on Sunday, April 5th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $112.00.

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.