Insider Selling: StoneX Group (NASDAQ:SNEX) Insider Sells $3,195,713.55 in Stock

StoneX Group Inc. (NASDAQ:SNEX) insider Mark Maurer sold 52,953 shares of the business’s stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $60.35, for a total transaction of $3,195,713.55. Following the completion of the sale, the insider directly owned 219,663 shares of the company’s stock, valued at $13,256,662.05. This represents a 19.42% decrease in their position. The transaction 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.

Mark Lowry Maurer also recently made the following trade(s):

• On Tuesday, September 15th, Mark Maurer sold 50,528 shares of StoneX Group stock. The stock was sold at an average price of $67.02, for a total transaction of $3,386,386.56.
• On Monday, September 14th, Mark Maurer sold 52,564 shares of StoneX Group stock. The shares were sold at an average price of $68.83, for a total transaction of $3,617,980.12.
• On Friday, August 7th, Mark Maurer sold 52,648 shares of StoneX Group stock. The shares were sold at an average price of $66.25, for a total value of $3,487,930.00.
• On Wednesday, July 22nd, Mark Maurer sold 52,376 shares of StoneX Group stock. The stock was sold at an average price of $74.32, for a total value of $3,892,584.32.

StoneX Group Price Performance

Shares of SNEX opened at $57.16 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.82 and a debt-to-equity ratio of 1.45. The stock has a market cap of $6.89 billion, a PE ratio of 13.65 and a beta of 0.62. StoneX Group Inc. has a 12-month low of $36.45 and a 12-month high of $94.66. The business has a 50-day simple moving average of $66.42 and a two-hundred day simple moving average of $71.90.

StoneX Group (NASDAQ:SNEX) last released its quarterly earnings results on Wednesday, August 5th. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.14. The company had revenue of $39.71 billion for the quarter, compared to analysts’ expectations of $1.32 billion. StoneX Group had a return on equity of 20.18% and a net margin of 0.33%. Analysts anticipate that StoneX Group Inc. will post 4.35 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. USA Financial Formulas bought a new position in StoneX Group in the 3rd quarter worth $38,000. Fortitude Family Office LLC boosted its stake in shares of StoneX Group by 1,175.0% during the 3rd quarter. Fortitude Family Office LLC now owns 510 shares of the company’s stock valued at $33,000 after purchasing an additional 470 shares in the last quarter. Triumph Capital Management boosted its stake in shares of StoneX Group by 376.1% during the 3rd quarter. Triumph Capital Management now owns 19,684 shares of the company’s stock valued at $1,272,000 after purchasing an additional 15,550 shares in the last quarter. NorthCrest Asset Manangement LLC boosted its stake in shares of StoneX Group by 48.4% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 8,188 shares of the company’s stock valued at $492,000 after purchasing an additional 2,671 shares in the last quarter. Finally, Perpetual Ltd increased its position in shares of StoneX Group by 47.5% during the third quarter. Perpetual Ltd now owns 323,178 shares of the company’s stock valued at $20,890,000 after buying an additional 104,054 shares during the period. Institutional investors own 75.93% of the company’s stock.

Wall Street Analysts Forecast Growth

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