William Dunaway Sells 63,602 Shares of StoneX Group (NASDAQ:SNEX) Stock

StoneX Group Inc. (NASDAQ:SNEX) CFO William Dunaway sold 63,602 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $131.16, for a total value of $8,342,038.32. Following the completion of the transaction, the chief financial officer directly owned 294,359 shares in the company, valued at $38,608,126.44. This represents a 17.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

StoneX Group Trading Up 3.9%

Shares of NASDAQ:SNEX traded up $5.04 during midday trading on Monday, reaching $135.73. The company’s stock had a trading volume of 2,271,368 shares, compared to its average volume of 592,342. The firm has a market capitalization of $10.76 billion, a price-to-earnings ratio of 24.25 and a beta of 0.64. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.33 and a current ratio of 1.74. The firm has a 50 day moving average price of $109.51 and a two-hundred day moving average price of $106.45. StoneX Group Inc. has a fifty-two week low of $53.52 and a fifty-two week high of $138.47.

StoneX Group’s stock is scheduled to split on the morning of 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 announced its quarterly earnings data on Wednesday, May 6th. The company reported $2.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.47. The company had revenue of $826.40 million for the quarter, compared to the consensus estimate of $1.37 billion. StoneX Group had a return on equity of 19.31% and a net margin of 0.30%. As a group, analysts forecast that StoneX Group Inc. will post 6 earnings per share for the current year.

Hedge Funds Weigh In On StoneX Group

Institutional investors and hedge funds have recently bought and sold shares of the company. AlphaQuest LLC grew its holdings in StoneX Group by 28,000.0% during the third quarter. AlphaQuest LLC now owns 281 shares of the company’s stock valued at $28,000 after purchasing an additional 280 shares during the period. Cassaday & Co Wealth Management LLC bought a new position in StoneX Group during the first quarter valued at $34,000. Transamerica Financial Advisors LLC grew its holdings in StoneX Group by 183.0% during the fourth quarter. Transamerica Financial Advisors LLC now owns 433 shares of the company’s stock valued at $41,000 after purchasing an additional 280 shares during the period. Sterling Capital Management LLC grew its holdings in StoneX Group by 48.8% during the first 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 period. Finally, International Assets Investment Management LLC bought a new position in StoneX Group during the fourth quarter valued at $50,000. 75.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. William Blair reaffirmed an “outperform” rating on shares of StoneX Group in a research note on Monday, March 9th. Zacks Research raised StoneX Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of StoneX Group in a research note on Friday, May 22nd. Finally, Wall Street Zen raised StoneX Group from a “hold” rating to a “buy” rating in a report on Sunday, April 5th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price 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.