StoneX Group (NASDAQ:SNEX) CEO Philip Andrew Smith Sells 45,000 Shares of Stock

StoneX Group Inc. (NASDAQ:SNEX) CEO Philip Smith sold 45,000 shares of StoneX Group stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $59.50, for a total transaction of $2,677,500.00. Following the completion of the sale, the chief executive officer owned 738,216 shares in the company, valued at approximately $43,923,852. This trade represents a 5.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, September 28th, Philip Smith sold 56,250 shares of StoneX Group stock. The shares were sold at an average price of $65.69, for a total transaction of $3,695,062.50.
• On Wednesday, July 22nd, Philip Smith sold 45,000 shares of StoneX Group stock. The stock was sold at an average price of $74.32, for a total transaction of $3,344,400.00.

StoneX Group Stock Down 0.0%

Shares of SNEX stock traded down $0.01 during midday trading on Thursday, reaching $59.92. 743,319 shares of the stock were exchanged, compared to its average volume of 1,027,867. The company’s 50 day moving average is $66.73 and its two-hundred day moving average is $71.94. The company has a current ratio of 1.82, a quick ratio of 1.39 and a debt-to-equity ratio of 1.45. The firm has a market cap of $7.23 billion, a PE ratio of 14.31 and a beta of 0.62. StoneX Group Inc. has a 1 year low of $36.45 and a 1 year high of $94.66.

StoneX Group (NASDAQ:SNEX) last released its earnings results on Wednesday, August 5th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.14. StoneX Group had a net margin of 0.33% and a return on equity of 20.18%. The firm had revenue of $39.71 billion during the quarter, compared to analyst estimates of $1.32 billion. On average, equities research analysts predict that StoneX Group Inc. will post 4.35 EPS for the current year.

Hedge Funds Weigh In On StoneX Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. bought a new position in shares of StoneX Group during the 2nd quarter valued at about $1,343,877,000. Dimensional Fund Advisors LP increased its holdings in shares of StoneX Group by 50.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,107,795 shares of the company’s stock worth $169,976,000 after purchasing an additional 704,493 shares during the last quarter. Van Berkom & Associates Inc. increased its holdings in shares of StoneX Group by 21.1% in the first 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 during the last quarter. Wasatch Advisors LP purchased a new stake in shares of StoneX Group in the second quarter worth about $139,730,000. Finally, Punch & Associates Investment Management Inc. lifted its position in shares of StoneX Group by 33.3% in the first quarter. Punch & Associates Investment Management Inc. now owns 943,579 shares of the company’s stock worth $76,100,000 after buying an additional 235,744 shares in the last quarter. Institutional investors own 75.93% of the company’s stock.

Analyst Ratings Changes

SNEX has been the topic of several recent analyst reports. Weiss Ratings downgraded shares of StoneX Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday. Wall Street Zen downgraded StoneX Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Jefferies Financial Group cut StoneX Group from a “buy” rating to a “hold” rating and reduced their price objective for the company from $123.00 to $112.00 in a research report on Monday, July 20th. Finally, Zacks Research cut shares of StoneX Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $112.00.

StoneX Group Company Profile

StoneX Group Inc is a global financial services company that provides execution, clearing, custody, payments, market intelligence and risk-management solutions. Through its businesses, the company serves commercial and institutional clients, asset managers, broker-dealers, government and nonprofit organizations, and retail investors.

StoneX offers access to a broad range of markets and products, including equities, fixed income, foreign exchange, commodities, futures and options. Its services include institutional trading and clearing, physical commodities and hedging solutions, global payments, securities financing, wealth-management support and online trading for individual investors.

The company operates through a global network serving clients across North America, Latin America, Europe, Asia and other international markets.