StoneX Group Inc. (NASDAQ:SNEX – Get Free Report) insider Abigail Perkins sold 4,312 shares of the stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $118.51, for a total transaction of $511,015.12. Following the sale, the insider owned 72,388 shares in the company, valued at $8,578,701.88. This represents a 5.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
StoneX Group Stock Performance
NASDAQ SNEX opened at $124.70 on Thursday. The company has a current ratio of 1.74, a quick ratio of 1.33 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $9.88 billion, a price-to-earnings ratio of 22.28 and a beta of 0.64. The firm’s 50 day simple moving average is $106.50 and its 200 day simple moving average is $105.47. StoneX Group Inc. has a 1 year low of $53.52 and a 1 year high of $125.93.
StoneX Group shares are set to split before the market opens on Monday, July 20th. The 3-2 split was announced on Tuesday, May 26th. The newly minted shares will be issued to shareholders after the closing bell on Friday, July 17th.
Institutional Investors Weigh In On StoneX Group
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bessemer Group Inc. increased its stake in StoneX Group by 1,562.1% in the fourth quarter. Bessemer Group Inc. now owns 164,249 shares of the company’s stock valued at $15,626,000 after purchasing an additional 154,367 shares in the last quarter. Leuthold Group LLC increased its stake in StoneX Group by 834.0% in the fourth quarter. Leuthold Group LLC now owns 30,487 shares of the company’s stock valued at $2,900,000 after purchasing an additional 27,223 shares in the last quarter. Vanguard Group Inc. increased its stake in StoneX Group by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 4,031,545 shares of the company’s stock valued at $383,521,000 after purchasing an additional 11,240 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in StoneX Group by 18,363.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 26,772 shares of the company’s stock valued at $2,547,000 after purchasing an additional 26,627 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in StoneX Group by 4.7% in the third quarter. Envestnet Asset Management Inc. now owns 128,856 shares of the company’s stock valued at $13,004,000 after purchasing an additional 5,750 shares in the last quarter. 75.93% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts have weighed in on SNEX shares. William Blair restated an “outperform” rating on shares of StoneX Group in a research report on Monday, March 9th. Wall Street Zen upgraded shares of StoneX Group from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. Weiss Ratings restated a “buy (b-)” rating on shares of StoneX Group in a research report on Friday, May 22nd. Finally, Zacks Research raised shares of StoneX Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to data from MarketBeat, StoneX Group currently has an average rating of “Buy” and an average target price of $122.00.
View Our Latest Research Report on StoneX Group
About StoneX Group
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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