Insider Selling: StoneX Group (NASDAQ:SNEX) Insider Sells 4,312 Shares of Stock

StoneX Group Inc. (NASDAQ:SNEX) insider Abigail Perkins sold 4,312 shares of StoneX Group stock in a transaction on Monday, June 8th. The stock was sold at an average price of $118.51, for a total transaction of $511,015.12. Following the sale, the insider directly owned 72,388 shares in the company, valued at approximately $8,578,701.88. This trade represents a 5.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

StoneX Group Price Performance

Shares of StoneX Group stock traded up $4.40 during trading hours on Tuesday, reaching $122.09. 822,845 shares of the company’s stock were exchanged, compared to its average volume of 561,807. The business has a fifty day moving average of $105.57 and a two-hundred day moving average of $105.18. The company has a market capitalization of $9.68 billion, a P/E ratio of 21.81 and a beta of 0.64. 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 1 year low of $53.52 and a 1 year high of $125.42.

StoneX Group shares are set to split on the morning of Monday, July 20th. The 3-2 split was announced on Tuesday, May 26th. The newly created shares will be distributed to shareholders after the closing bell on Friday, July 17th.

StoneX Group (NASDAQ:SNEX) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $2.07 earnings per share for the quarter, topping 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 firm had revenue of $826.40 million for the quarter, compared to analyst estimates of $1.37 billion. As a group, research analysts predict that StoneX Group Inc. will post 6 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. William Blair restated an “outperform” rating on shares of StoneX Group in a research report on Monday, March 9th. Weiss Ratings reiterated a “buy (b-)” rating on shares of StoneX Group in a research report on Friday, May 22nd. Wall Street Zen upgraded StoneX Group from a “hold” rating to a “buy” rating in a report on Sunday, April 5th. Finally, Zacks Research raised StoneX Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to MarketBeat.com, StoneX Group has a consensus rating of “Buy” and an average price target of $122.00.

Institutional Trading of StoneX Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of StoneX Group by 34.3% during the third quarter. Vanguard Group Inc. now owns 4,020,305 shares of the company’s stock worth $405,729,000 after buying an additional 1,027,489 shares during the period. Dimensional Fund Advisors LP raised 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 purchasing an additional 704,493 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of StoneX Group by 18.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,851,468 shares of the company’s stock worth $271,261,000 after purchasing an additional 439,771 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of StoneX Group by 24.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,499,292 shares of the company’s stock worth $142,628,000 after purchasing an additional 294,203 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in StoneX Group by 115.6% in the first quarter. Bank of America Corp DE now owns 464,475 shares of the company’s stock valued at $37,460,000 after buying an additional 249,088 shares during the last quarter. 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.