StoneX Group Inc. (NASDAQ:SNEX – Get Free Report) Chairman Sean Michael Oconnor sold 140,070 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $110.31, for a total transaction of $15,451,121.70. Following the completion of the sale, the chairman directly owned 1,236,921 shares in the company, valued at $136,444,755.51. This trade represents a 10.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Sean Michael Oconnor also recently made the following trade(s):
- On Tuesday, May 19th, Sean Michael Oconnor sold 72,140 shares of StoneX Group stock. The stock was sold at an average price of $109.94, for a total value of $7,931,071.60.
- On Monday, May 18th, Sean Michael Oconnor sold 87,790 shares of StoneX Group stock. The stock was sold at an average price of $111.46, for a total value of $9,785,073.40.
StoneX Group Stock Down 1.3%
Shares of SNEX opened at $109.37 on Wednesday. StoneX Group Inc. has a 52 week low of $53.52 and a 52 week high of $125.42. The company has a quick ratio of 1.33, a current ratio of 1.74 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $8.67 billion, a price-to-earnings ratio of 19.54 and a beta of 0.64. The stock’s 50-day moving average price is $100.20 and its 200-day moving average price is $102.52.
Analysts Set New Price Targets
SNEX has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of StoneX Group from a “hold” rating to a “buy” rating in a report on Sunday, April 5th. Weiss Ratings raised shares of StoneX Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. Zacks Research raised shares of StoneX Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. William Blair reissued an “outperform” rating on shares of StoneX Group in a report on Monday, March 9th. Finally, Jefferies Financial Group increased their price target on shares of StoneX Group from $99.00 to $122.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $122.00.
Get Our Latest Research Report on SNEX
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in SNEX. Cornerstone Planning Group LLC lifted its holdings in StoneX Group by 4,133.3% during the third quarter. Cornerstone Planning Group LLC now owns 254 shares of the company’s stock valued at $26,000 after purchasing an additional 248 shares in the last quarter. Cullen Frost Bankers Inc. lifted its holdings in StoneX Group by 1,100.0% during the third quarter. Cullen Frost Bankers Inc. now owns 264 shares of the company’s stock valued at $27,000 after purchasing an additional 242 shares in the last quarter. AlphaQuest LLC lifted its holdings in StoneX Group by 28,000.0% during the third quarter. AlphaQuest LLC now owns 281 shares of the company’s stock valued at $28,000 after purchasing an additional 280 shares in the last quarter. Cassaday & Co Wealth Management LLC purchased a new position in StoneX Group during the first quarter valued at $34,000. Finally, Sterling Capital Management LLC lifted its holdings in StoneX Group by 48.8% during the first quarter. Sterling Capital Management LLC now owns 476 shares of the company’s stock valued at $38,000 after purchasing an additional 156 shares in the last quarter. Hedge funds and other institutional investors own 75.93% of the company’s stock.
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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