John Moore Fowler Sells 1,050 Shares of StoneX Group (NASDAQ:SNEX) Stock

StoneX Group Inc. (NASDAQ:SNEX) Director John Moore Fowler sold 1,050 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $106.25, for a total value of $111,562.50. Following the transaction, the director directly owned 171,246 shares in the company, valued at $18,194,887.50. The trade was a 0.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

StoneX Group Stock Up 2.1%

NASDAQ SNEX traded up $2.18 on Tuesday, reaching $108.06. The company had a trading volume of 658,348 shares, compared to its average volume of 671,931. The stock has a market capitalization of $8.50 billion, a P/E ratio of 24.19 and a beta of 0.64. The company’s fifty day moving average is $102.54 and its 200 day moving average is $101.36. StoneX Group Inc. has a 52-week low of $53.52 and a 52-week high of $108.77. The company has a quick ratio of 1.34, a current ratio of 1.80 and a debt-to-equity ratio of 1.34.

StoneX Group (NASDAQ:SNEX) last released its quarterly earnings results on Wednesday, February 4th. The company reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.06 by $0.44. The business had revenue of $724.00 million during the quarter, compared to analyst estimates of $1.24 billion. StoneX Group had a return on equity of 16.43% and a net margin of 0.25%. Sell-side analysts anticipate that StoneX Group Inc. will post 5.8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. William Blair reissued an “outperform” rating on shares of StoneX Group in a research report on Monday, March 9th. Weiss Ratings raised StoneX Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. Wall Street Zen raised StoneX Group from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. Zacks Research lowered StoneX Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Finally, Jefferies Financial Group increased their price target on StoneX Group from $99.00 to $122.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, StoneX Group has an average rating of “Moderate Buy” and an average price target of $122.00.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in StoneX Group by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 4,031,545 shares of the company’s stock valued at $383,521,000 after purchasing an additional 11,240 shares during the period. Price T Rowe Associates Inc. MD grew its stake in StoneX Group by 18.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,851,468 shares of the company’s stock valued at $271,261,000 after purchasing an additional 439,771 shares during the period. State Street Corp grew its stake in StoneX Group by 0.3% in the 4th quarter. State Street Corp now owns 1,829,897 shares of the company’s stock valued at $174,078,000 after purchasing an additional 6,220 shares during the period. T. Rowe Price Investment Management Inc. grew its stake in StoneX Group by 24.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,499,292 shares of the company’s stock valued at $142,628,000 after purchasing an additional 294,203 shares during the period. Finally, AltraVue Capital LLC grew its stake in StoneX Group by 0.9% in the 3rd quarter. AltraVue Capital LLC now owns 1,313,712 shares of the company’s stock valued at $132,580,000 after purchasing an additional 11,740 shares during the period. Institutional investors own 75.93% of the company’s stock.

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.