Insider Selling: StoneX Group Inc. (NASDAQ:SNEX) Insider Sells 10,112 Shares of Stock

StoneX Group Inc. (NASDAQ:SNEX) insider Abigail H. Perkins sold 10,112 shares of the firm’s stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $84.25, for a total value of $851,936.00. Following the completion of the sale, the insider now directly owns 37,616 shares of the company’s stock, valued at $3,169,148. This represents a 21.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

StoneX Group Stock Down 0.7%

SNEX opened at $84.91 on Wednesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.91 and a quick ratio of 1.35. The business has a 50 day simple moving average of $85.30 and a 200-day simple moving average of $77.23. The stock has a market capitalization of $4.15 billion, a P/E ratio of 14.38 and a beta of 0.53. StoneX Group Inc. has a 12 month low of $47.33 and a 12 month high of $97.17.

StoneX Group (NASDAQ:SNEX) last posted its quarterly earnings results on Wednesday, May 14th. The company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.32 by $0.09. The business had revenue of $956.00 million during the quarter, compared to analysts’ expectations of $907.30 million. StoneX Group had a return on equity of 17.03% and a net margin of 0.24%. On average, equities analysts anticipate that StoneX Group Inc. will post 8.7 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, William Blair started coverage on StoneX Group in a report on Wednesday, March 26th. They issued an “outperform” rating for the company.

Institutional Investors Weigh In On StoneX Group

Institutional investors and hedge funds have recently modified their holdings of the company. D. E. Shaw & Co. Inc. grew its holdings in shares of StoneX Group by 283.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 36,433 shares of the company’s stock worth $3,569,000 after acquiring an additional 26,925 shares during the period. Harbor Capital Advisors Inc. grew its holdings in shares of StoneX Group by 24.1% in the 1st quarter. Harbor Capital Advisors Inc. now owns 394,903 shares of the company’s stock worth $30,163,000 after acquiring an additional 76,778 shares during the period. Millennium Management LLC grew its holdings in shares of StoneX Group by 149.8% in the 4th quarter. Millennium Management LLC now owns 41,761 shares of the company’s stock worth $4,091,000 after acquiring an additional 25,046 shares during the period. Rhumbline Advisers grew its holdings in shares of StoneX Group by 45.9% in the 1st quarter. Rhumbline Advisers now owns 129,081 shares of the company’s stock worth $9,860,000 after acquiring an additional 40,603 shares during the period. Finally, Deutsche Bank AG grew its holdings in shares of StoneX Group by 20.2% in the 4th quarter. Deutsche Bank AG now owns 48,101 shares of the company’s stock worth $4,712,000 after acquiring an additional 8,084 shares during the period. Institutional investors and hedge funds own 75.93% of the company’s 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.