StoneX Group (NASDAQ:SNEX) Insider Abigail Perkins Sells 8,919 Shares

StoneX Group Inc. (NASDAQ:SNEX) insider Abigail Perkins sold 8,919 shares of StoneX Group stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $70.43, for a total transaction of $628,165.17. Following the transaction, the insider directly owned 96,663 shares in the company, valued at $6,807,975.09. This trade represents a 8.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

StoneX Group Trading Down 0.2%

Shares of StoneX Group stock traded down $0.18 during trading on Tuesday, reaching $74.25. The company’s stock had a trading volume of 266,380 shares, compared to its average volume of 1,123,408. StoneX Group Inc. has a 52-week low of $35.68 and a 52-week high of $94.66. The company has a market cap of $8.83 billion, a price-to-earnings ratio of 19.90 and a beta of 0.65. The firm’s 50-day moving average is $79.77 and its two-hundred day moving average is $74.63. 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 (NASDAQ:SNEX) last released its earnings results on Wednesday, May 6th. The company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.07 by $0.31. The company had revenue of $826.40 million for the quarter, compared to analyst estimates of $1.37 billion. StoneX Group had a net margin of 0.30% and a return on equity of 19.31%. On average, sell-side analysts anticipate that StoneX Group Inc. will post 4 earnings per share for the current year.

StoneX Group News Roundup

Here are the key news stories impacting StoneX Group this week:

• Neutral Sentiment: All reported transactions were made under pre-arranged Rule 10b5-1 plans, meaning the sales may have been scheduled in advance rather than driven by current business conditions. SEC insider trading filing
• Negative Sentiment: StoneX insiders sold a combined 348,905 shares worth approximately $25.9 million in transactions on July 22 and July 24. The sellers included Chairman Sean Michael Oconnor, CFO William J. Dunaway, CEO Philip Andrew Smith and other insiders. SEC insider trading filings
• Negative Sentiment: The largest sales came from Chairman Oconnor, who sold 104,934 shares for about $7.8 million, and CFO Dunaway, who sold 95,970 shares for about $7.1 million. CEO Smith sold 45,000 shares for approximately $3.3 million, while other insiders also reduced their holdings. SEC insider trading filing

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of StoneX Group from a “hold” rating to a “buy” rating in a report on Sunday, April 5th. Weiss Ratings cut shares of StoneX Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, July 17th. Jefferies Financial Group downgraded StoneX Group from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $123.00 to $112.00 in a report on Monday, July 20th. Finally, Zacks Research lowered shares of StoneX Group from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, StoneX Group presently has a consensus rating of “Moderate Buy” and an average target price of $112.00.

Hedge Funds Weigh In On StoneX Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Cassaday & Co Wealth Management LLC purchased a new position in StoneX Group in the first quarter worth about $34,000. Sterling Capital Management LLC lifted 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 purchasing an additional 156 shares in the last quarter. Basecamp Wealth Advisors LLC lifted its position in StoneX Group by 49.7% during the first quarter. Basecamp Wealth Advisors LLC now owns 512 shares of the company’s stock valued at $41,000 after purchasing an additional 170 shares in the last quarter. Transamerica Financial Advisors LLC grew its holdings in StoneX Group by 183.0% during the fourth quarter. Transamerica Financial Advisors LLC now owns 433 shares of the company’s stock valued at $41,000 after purchasing an additional 280 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in StoneX Group in the fourth quarter worth about $50,000. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

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.