StoneX Group Inc. (NASDAQ:SNEX – Get Free Report) Director John Fowler sold 1,575 shares of the company’s stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $56.87, for a total value of $89,570.25. Following the sale, the director directly owned 253,834 shares of the company’s stock, valued at $14,435,539.58. The trade was a 0.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
StoneX Group Trading Down 5.6%
NASDAQ:SNEX opened at $53.62 on Friday. StoneX Group Inc. has a 12 month low of $36.45 and a 12 month high of $94.66. The firm has a market cap of $6.47 billion, a price-to-earnings ratio of 12.80 and a beta of 0.66. 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 company’s 50 day moving average is $63.13 and its 200-day moving average is $71.37.
StoneX Group (NASDAQ:SNEX – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.14. StoneX Group had a net margin of 0.33% and a return on equity of 20.18%. The business had revenue of $39.71 billion during the quarter, compared to the consensus estimate of $1.32 billion. Equities analysts anticipate that StoneX Group Inc. will post 4.35 EPS for the current year.
Institutional Trading of StoneX Group
Hedge funds have recently bought and sold shares of the stock. Fifth Third Bancorp increased its holdings in shares of StoneX Group by 56.3% during the 3rd quarter. Fifth Third Bancorp now owns 25,634 shares of the company’s stock worth $1,657,000 after purchasing an additional 9,232 shares during the period. Maryland State Retirement & Pension System lifted its stake in shares of StoneX Group by 136.1% in the third quarter. Maryland State Retirement & Pension System now owns 24,217 shares of the company’s stock valued at $1,565,000 after buying an additional 13,958 shares during the period. Ritholtz Wealth Management lifted its stake in shares of StoneX Group by 54.3% in the third quarter. Ritholtz Wealth Management now owns 12,462 shares of the company’s stock valued at $806,000 after buying an additional 4,384 shares during the period. Illinois Municipal Retirement Fund lifted its stake in shares of StoneX Group by 134.0% in the third quarter. Illinois Municipal Retirement Fund now owns 107,956 shares of the company’s stock valued at $6,978,000 after buying an additional 61,812 shares during the period. Finally, O Brien Greene & Co. Inc grew its position in StoneX Group by 17.3% during the third quarter. O Brien Greene & Co. Inc now owns 33,398 shares of the company’s stock worth $2,159,000 after buying an additional 4,924 shares in the last quarter. 75.93% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the stock. Zacks Research cut shares of StoneX Group from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Weiss Ratings lowered StoneX Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, October 14th. Wall Street Zen cut StoneX Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Jefferies Financial Group downgraded StoneX Group from a “buy” rating to a “hold” rating and decreased their target price for the company from $123.00 to $112.00 in a research note on Monday, July 20th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $112.00.
Read Our Latest Stock Analysis on StoneX Group
StoneX Group Company Profile
StoneX Group Inc is a global financial services company that provides execution, clearing, custody, market intelligence and risk-management services to commercial and institutional clients, broker-dealers, asset managers and individual investors. Through its network of regulated subsidiaries, the company offers access to a broad range of markets, including commodities, foreign exchange, equities, fixed income and derivatives.
StoneX’s services include futures and options brokerage, physical commodities and commodity hedging, foreign exchange trading, securities execution and clearing, payments, and corporate treasury solutions.
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