Sean Michael Oconnor Sells 3,417 Shares of StoneX Group Inc. (NASDAQ:SNEX) Stock

StoneX Group Inc. (NASDAQ:SNEX) Chairman Sean Michael Oconnor sold 3,417 shares of StoneX Group stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $90.57, for a total value of $309,477.69. Following the sale, the chairman now owns 1,019,667 shares of the company’s stock, valued at approximately $92,351,240.19. This represents a 0.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, April 29th, Sean Michael Oconnor sold 34,083 shares of StoneX Group stock. The shares were sold at an average price of $89.63, for a total transaction of $3,054,859.29.

StoneX Group Price Performance

Shares of NASDAQ:SNEX opened at $92.81 on Friday. The stock has a market capitalization of $4.47 billion, a P/E ratio of 11.09 and a beta of 0.65. The business has a 50-day moving average of $78.70 and a two-hundred day moving average of $71.95. StoneX Group Inc. has a fifty-two week low of $46.43 and a fifty-two week high of $93.33. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.77 and a quick ratio of 1.29.

StoneX Group (NASDAQ:SNEX) last announced its earnings results on Wednesday, February 5th. The company reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.26. StoneX Group had a return on equity of 16.83% and a net margin of 0.26%. On average, equities research analysts predict that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Barclays PLC boosted its holdings in StoneX Group by 359.4% during the third quarter. Barclays PLC now owns 46,755 shares of the company’s stock valued at $3,828,000 after acquiring an additional 36,577 shares during the period. Principal Financial Group Inc. boosted its stake in StoneX Group by 11.0% during the 3rd quarter. Principal Financial Group Inc. now owns 149,442 shares of the company’s stock valued at $12,236,000 after purchasing an additional 14,784 shares during the period. Diversified Trust Co acquired a new stake in StoneX Group in the 4th quarter valued at approximately $298,000. Harbor Capital Advisors Inc. increased its position in StoneX Group by 2.3% in the 4th quarter. Harbor Capital Advisors Inc. now owns 318,125 shares of the company’s stock worth $31,167,000 after buying an additional 7,037 shares during the period. Finally, USA Financial Formulas acquired a new position in shares of StoneX Group during the fourth quarter worth approximately $129,000. 75.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, William Blair initiated coverage on shares of StoneX Group in a report on Wednesday, March 26th. They set an “outperform” rating on the stock.

About StoneX Group

StoneX Group Inc operates as a global financial services network that connects companies, organizations, traders, and investors to market ecosystem worldwide. The company operates through Commercial, Institutional, Retail, and Global Payments segments. The Commercial segment provides risk management and hedging, exchange-traded and OTC products execution and clearing, voice brokerage, market intelligence, physical trading, and commodity financing and logistics services.