Insider Selling: StoneX Group Inc. (NASDAQ:SNEX) CEO Sells 7,000 Shares of Stock

StoneX Group Inc. (NASDAQ:SNEX) CEO Philip Andrew Smith sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $69.73, for a total value of $488,110.00. Following the sale, the chief executive officer now directly owns 233,898 shares in the company, valued at $16,309,707.54. The sale was disclosed in a filing with the SEC, which is available through this link.

StoneX Group Stock Up 3.2 %

Shares of SNEX opened at $69.34 on Thursday. The business’s 50 day simple moving average is $67.15 and its 200-day simple moving average is $65.77. StoneX Group Inc. has a 1 year low of $49.62 and a 1 year high of $74.01. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of 9.67 and a beta of 0.87. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.59 and a quick ratio of 1.20.

StoneX Group (NASDAQ:SNEX) last released its quarterly earnings results on Tuesday, February 6th. The company reported $2.16 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.46. StoneX Group had a return on equity of 17.48% and a net margin of 0.34%. The company had revenue of $784.20 million for the quarter, compared to analyst estimates of $781.80 million. As a group, equities analysts expect that StoneX Group Inc. will post 7.44 earnings per share for the current fiscal year.

Institutional Trading of StoneX Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in StoneX Group by 53.1% in the 4th quarter. Vanguard Group Inc. now owns 1,875,853 shares of the company’s stock valued at $138,494,000 after acquiring an additional 650,911 shares during the last quarter. Dimensional Fund Advisors LP grew its position in StoneX Group by 53.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,406,553 shares of the company’s stock valued at $103,845,000 after acquiring an additional 489,359 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in StoneX Group by 1,957.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 227,638 shares of the company’s stock valued at $23,569,000 after acquiring an additional 216,574 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in StoneX Group by 27,284.8% in the 1st quarter. Rockefeller Capital Management L.P. now owns 138,567 shares of the company’s stock valued at $14,345,000 after acquiring an additional 138,061 shares during the last quarter. Finally, Northern Trust Corp grew its position in StoneX Group by 52.4% in the 4th quarter. Northern Trust Corp now owns 350,861 shares of the company’s stock valued at $25,904,000 after acquiring an additional 120,620 shares during the last quarter. Hedge funds and other institutional investors own 75.93% of the company’s stock.

About StoneX Group

StoneX Group Inc operates as a global financial services network that connects companies, organizations, traders, and investors to market ecosystem worldwide. The company operates through Commercial, Institutional, Retail, and Global Payments segments. The Commercial segment provides risk management and hedging, exchange-traded and OTC products execution and clearing, voice brokerage, market intelligence, physical trading, and commodity financing and logistics services.