StoneX Group Inc. (NASDAQ:SNEX – Get Free Report) CFO William Dunaway sold 96,490 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $66.35, for a total transaction of $6,402,111.50. Following the sale, the chief financial officer owned 502,203 shares in the company, valued at approximately $33,321,169.05. This trade represents a 16.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
StoneX Group Trading Up 2.0%
SNEX stock traded up $1.31 during midday trading on Monday, hitting $68.41. The stock had a trading volume of 785,589 shares, compared to its average volume of 1,079,134. The company’s 50-day moving average price is $78.69 and its 200 day moving average price is $74.68. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.82 and a quick ratio of 1.39. The firm has a market cap of $8.25 billion, a PE ratio of 16.33 and a beta of 0.66. StoneX Group Inc. has a 12-month low of $36.45 and a 12-month high of $94.66.
StoneX Group (NASDAQ:SNEX – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.14. StoneX Group had a return on equity of 20.18% and a net margin of 0.33%.The company had revenue of $718.00 million for the quarter, compared to analyst estimates of $1.32 billion. On average, equities research analysts predict that StoneX Group Inc. will post 4.35 earnings per share for the current fiscal year.
Institutional Investors Weigh In On StoneX Group
Wall Street Analyst Weigh In
A number of analysts have issued reports on SNEX shares. Zacks Research raised StoneX Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Jefferies Financial Group lowered shares of StoneX Group from a “buy” rating to a “hold” rating and cut their price objective for the stock from $123.00 to $112.00 in a report on Monday, July 20th. Weiss Ratings cut shares of StoneX Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, July 17th. Finally, Wall Street Zen downgraded shares of StoneX Group from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $112.00.
Get Our Latest Research Report on StoneX Group
StoneX Group Company Profile
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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