StoneX Group (NASDAQ:SNEX) CEO Sells $3,695,062.50 in Stock

StoneX Group Inc. (NASDAQ:SNEX – Get Free Report) CEO Philip Smith sold 56,250 shares of StoneX Group stock in a transaction dated Monday, September 28th. The stock was sold at an average price of $65.69, for a total value of $3,695,062.50. Following the completion of the transaction, the chief executive officer owned 738,216 shares of the company’s stock, valued at $48,493,409.04. This trade represents a 7.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Philip Andrew Smith also recently made the following trade(s):

  • On Wednesday, July 22nd, Philip Smith sold 45,000 shares of StoneX Group stock. The shares were sold at an average price of $74.32, for a total value of $3,344,400.00.

StoneX Group Trading Up 1.2%

Shares of NASDAQ SNEX opened at $65.40 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.82 and a debt-to-equity ratio of 1.45. The stock’s 50 day moving average price is $69.02 and its two-hundred day moving average price is $71.86. StoneX Group Inc. has a 52-week low of $36.45 and a 52-week high of $94.66. The stock has a market capitalization of $7.89 billion, a P/E ratio of 15.61 and a beta of 0.62.

StoneX Group (NASDAQ:SNEX – Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.86 by $0.14. The company had revenue of $39.71 billion during the quarter, compared to analyst estimates of $1.32 billion. StoneX Group had a return on equity of 20.18% and a net margin of 0.33%. On average, analysts anticipate that StoneX Group Inc. will post 4.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on SNEX. Wall Street Zen lowered shares of StoneX Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings downgraded shares of StoneX Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. Zacks Research raised shares of StoneX Group from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Finally, Jefferies Financial Group downgraded shares of StoneX Group from a “buy” rating to a “hold” rating and lowered their price objective for the company from $123.00 to $112.00 in a research report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $112.00.

Read Our Latest Stock Analysis on StoneX Group

Institutional Trading of StoneX Group

Hedge funds have recently added to or reduced their stakes in the business. WINTON GROUP Ltd grew its stake in shares of StoneX Group by 9.5% in the second quarter. WINTON GROUP Ltd now owns 81,529 shares of the company’s stock worth $9,661,000 after purchasing an additional 7,078 shares in the last quarter. Engineers Gate Manager LP bought a new stake in shares of StoneX Group during the second quarter valued at about $488,000. Integrated Wealth Concepts LLC acquired a new stake in StoneX Group in the second quarter worth about $111,000. BayBridge Capital Group LLC lifted its holdings in StoneX Group by 5.3% in the second quarter. BayBridge Capital Group LLC now owns 4,166 shares of the company’s stock worth $494,000 after purchasing an additional 208 shares during the period. Finally, Arizona State Retirement System lifted its holdings in StoneX Group by 7.0% in the second quarter. Arizona State Retirement System now owns 19,543 shares of the company’s stock worth $2,316,000 after purchasing an additional 1,272 shares during the period. Institutional investors own 75.93% of the company’s stock.

StoneX Group Company Profile

(Get Free Report)

StoneX Group Inc is a global financial services company that provides execution, clearing, custody, payments, market intelligence and risk-management solutions. Through its businesses, the company serves commercial and institutional clients, asset managers, broker-dealers, government and nonprofit organizations, and retail investors.

StoneX offers access to a broad range of markets and products, including equities, fixed income, foreign exchange, commodities, futures and options. Its services include institutional trading and clearing, physical commodities and hedging solutions, global payments, securities financing, wealth-management support and online trading for individual investors.

The company operates through a global network serving clients across North America, Latin America, Europe, Asia and other international markets.

See Also

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

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