StoneX Group (NASDAQ:SNEX) Chairman Sean Michael Oconnor Sells 87,790 Shares

StoneX Group Inc. (NASDAQ:SNEX) Chairman Sean Michael Oconnor sold 87,790 shares of StoneX Group stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $111.46, for a total transaction of $9,785,073.40. Following the completion of the sale, the chairman owned 1,236,921 shares of the company’s stock, valued at $137,867,214.66. This represents a 6.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sean Michael Oconnor also recently made the following trade(s):

• On Tuesday, May 19th, Sean Michael Oconnor sold 72,140 shares of StoneX Group stock. The stock was sold at an average price of $109.94, for a total transaction of $7,931,071.60.
• On Friday, May 15th, Sean Michael Oconnor sold 140,070 shares of StoneX Group stock. The stock was sold at an average price of $110.31, for a total transaction of $15,451,121.70.

StoneX Group Price Performance

StoneX Group stock traded down $1.43 during mid-day trading on Tuesday, reaching $109.37. 596,814 shares of the company’s stock traded hands, compared to its average volume of 650,382. The company has a market cap of $8.67 billion, a price-to-earnings ratio of 19.54 and a beta of 0.64. The stock has a 50 day moving average of $100.20 and a two-hundred day moving average of $102.52. The company has a quick ratio of 1.33, a current ratio of 1.74 and a debt-to-equity ratio of 1.27. StoneX Group Inc. has a 12-month low of $53.52 and a 12-month high of $125.42.

StoneX Group (NASDAQ:SNEX) last released its quarterly earnings results 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. StoneX Group had a net margin of 0.30% and a return on equity of 19.31%. The company had revenue of $826.40 million for the quarter, compared to the consensus estimate of $1.37 billion. Equities analysts forecast that StoneX Group Inc. will post 6 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of StoneX Group by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 4,031,545 shares of the company’s stock valued at $383,521,000 after buying an additional 11,240 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of 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 acquiring an additional 439,771 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of StoneX Group by 50.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,107,795 shares of the company’s stock valued at $169,976,000 after acquiring an additional 704,493 shares during the last quarter. State Street Corp boosted its position in StoneX Group by 0.3% during 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. Finally, T. Rowe Price Investment Management Inc. boosted its position in StoneX Group by 24.4% during 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. Hedge funds and other institutional investors own 75.93% of the company’s stock.

Analysts Set New Price Targets

SNEX has been the subject of several research analyst reports. Zacks Research raised shares of StoneX Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Weiss Ratings raised shares of StoneX Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. Jefferies Financial Group lifted their target price on shares of StoneX Group from $99.00 to $122.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. Wall Street Zen upgraded StoneX Group from a “hold” rating to a “buy” rating in a report on Sunday, April 5th. Finally, William Blair restated an “outperform” rating on shares of StoneX Group in a report on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target 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.