Insider Selling: StoneX Group (NASDAQ:SNEX) Director Sells 1,500 Shares of Stock

StoneX Group Inc. (NASDAQ:SNEXGet Free Report) Director Annabelle Bexiga sold 1,500 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $112.82, for a total value of $169,230.00. Following the transaction, the director directly owned 21,688 shares of the company’s stock, valued at approximately $2,446,840.16. This trade represents a 6.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

StoneX Group Stock Performance

NASDAQ SNEX traded up $0.59 on Monday, hitting $110.80. 578,139 shares of the stock traded hands, compared to its average volume of 685,458. The business’s fifty day moving average is $100.35 and its two-hundred day moving average is $102.30. StoneX Group Inc. has a 12 month low of $53.52 and a 12 month high of $125.42. The firm has a market capitalization of $8.78 billion, a price-to-earnings ratio of 19.80 and a beta of 0.64. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.33 and a current ratio of 1.74.

StoneX Group (NASDAQ:SNEXGet Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $2.07 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.47. StoneX Group had a return on equity of 19.31% and a net margin of 0.30%.The business had revenue of $826.40 million during the quarter, compared to analyst estimates of $1.37 billion. As a group, equities analysts anticipate that StoneX Group Inc. will post 6 EPS for the current fiscal year.

Institutional Investors Weigh In On StoneX Group

Large investors have recently added to or reduced their stakes in the company. Beacon Harbor Wealth Advisors Inc. purchased a new stake in StoneX Group during the third quarter valued at about $5,944,000. Mitsubishi UFJ Trust & Banking Corp raised its position in StoneX Group by 551.6% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 31,724 shares of the company’s stock valued at $3,202,000 after purchasing an additional 26,855 shares in the last quarter. Hiddenite Capital Partners LP raised its position in StoneX Group by 81.4% during the third quarter. Hiddenite Capital Partners LP now owns 88,926 shares of the company’s stock valued at $8,974,000 after purchasing an additional 39,915 shares in the last quarter. Axecap Investments LLC purchased a new stake in StoneX Group during the third quarter valued at about $1,251,000. Finally, Aubrey Capital Management Ltd purchased a new stake in StoneX Group during the third quarter valued at about $4,349,000. Hedge funds and other institutional investors own 75.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Jefferies Financial Group raised their price target on StoneX Group from $99.00 to $122.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. Weiss Ratings raised StoneX Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. Wall Street Zen raised StoneX Group from a “hold” rating to a “buy” rating in a research note on Sunday, April 5th. William Blair reissued an “outperform” rating on shares of StoneX Group in a research note on Monday, March 9th. Finally, Zacks Research raised StoneX Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, StoneX Group presently has an average rating of “Buy” and a consensus target price of $122.00.

View Our Latest Analysis on StoneX Group

About StoneX Group

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for StoneX Group (NASDAQ:SNEX)

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