John Moore Fowler Sells 1,575 Shares of StoneX Group (NASDAQ:SNEX) Stock

StoneX Group Inc. (NASDAQ:SNEX) Director John Moore Fowler sold 1,575 shares of StoneX Group stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $75.41, for a total transaction of $118,770.75. Following the completion of the sale, the director owned 255,271 shares in the company, valued at approximately $19,249,986.11. This represents a 0.61% decrease in their ownership of the stock. The sale 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 Price Performance

Shares of SNEX traded down $9.44 during midday trading on Thursday, hitting $66.58. 1,845,052 shares of the company traded hands, compared to its average volume of 1,125,706. The firm has a 50 day moving average of $79.86 and a 200-day moving average of $74.95. StoneX Group Inc. has a 52 week low of $36.25 and a 52 week high of $94.66. The stock has a market cap of $7.91 billion, a price-to-earnings ratio of 17.84 and a beta of 0.66. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.33 and a current ratio of 1.74.

StoneX Group (NASDAQ:SNEX) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.14. StoneX Group had a return on equity of 19.31% and a net margin of 0.30%.The firm had revenue of $718.00 million during the quarter, compared to analyst estimates of $1.32 billion. On average, analysts forecast that StoneX Group Inc. will post 4 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on SNEX shares. Zacks Research downgraded StoneX Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Jefferies Financial Group lowered shares of StoneX Group from a “buy” rating to a “hold” rating and lowered their price objective for the company from $123.00 to $112.00 in a research report on Monday, July 20th. Finally, Weiss Ratings downgraded shares of StoneX Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, July 17th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, StoneX Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.00.

Institutional Trading of StoneX Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cassaday & Co Wealth Management LLC purchased a new position in StoneX Group during the first quarter worth $34,000. Sterling Capital Management LLC increased its position in StoneX Group by 48.7% during the first quarter. Sterling Capital Management LLC now owns 476 shares of the company’s stock valued at $38,000 after acquiring an additional 156 shares during the last quarter. Basecamp Wealth Advisors LLC raised its stake in shares of StoneX Group by 49.7% in the first quarter. Basecamp Wealth Advisors LLC now owns 512 shares of the company’s stock valued at $41,000 after acquiring an additional 170 shares during the period. Transamerica Financial Advisors LLC lifted its holdings in shares of StoneX Group by 183.0% in the 4th quarter. Transamerica Financial Advisors LLC now owns 433 shares of the company’s stock worth $41,000 after acquiring an additional 280 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new position in shares of StoneX Group during the 4th quarter worth about $50,000. Hedge funds and other institutional investors own 75.93% of the company’s stock.

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.