Insider Selling: StoneX Group (NASDAQ:SNEX) Chairman Sells $4,998,000.00 in Stock

StoneX Group Inc. (NASDAQ:SNEX) Chairman Sean Michael Oconnor sold 40,000 shares of the stock in a transaction on Monday, February 9th. The shares were sold at an average price of $124.95, for a total transaction of $4,998,000.00. Following the transaction, the chairman owned 854,127 shares of the company’s stock, valued at $106,723,168.65. This trade represents a 4.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

StoneX Group Stock Up 2.0%

Shares of NASDAQ SNEX opened at $127.42 on Friday. The stock has a market capitalization of $6.68 billion, a price-to-earnings ratio of 19.02 and a beta of 0.45. StoneX Group Inc. has a 12-month low of $65.00 and a 12-month high of $130.35. The company has a current ratio of 1.80, a quick ratio of 1.34 and a debt-to-equity ratio of 1.34. The firm’s 50-day moving average price is $105.44 and its 200-day moving average price is $98.49.

Shares of StoneX Group are going to split before the market opens on Monday, March 23rd. The 3-2 split was announced on Thursday, February 5th. The newly issued shares will be payable to shareholders after the closing bell on Tuesday, March 10th.

StoneX Group (NASDAQ:SNEX) last released its earnings results on Wednesday, February 4th. The company reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.06 by $0.44. The firm had revenue of $724.00 million for the quarter, compared to the consensus estimate of $1.24 billion. StoneX Group had a return on equity of 16.43% and a net margin of 0.25%. On average, equities research analysts anticipate that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SNEX has been the topic of several analyst reports. Wall Street Zen upgraded shares of StoneX Group from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of StoneX Group in a research note on Monday, December 29th. Zacks Research raised StoneX Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Finally, Jefferies Financial Group upped their price objective on StoneX Group from $99.00 to $122.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, StoneX Group presently has an average rating of “Buy” and a consensus price target of $122.00.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Private Trust Co. NA raised its position in StoneX Group by 2,109.1% during the 3rd quarter. Private Trust Co. NA now owns 243 shares of the company’s stock valued at $25,000 after purchasing an additional 232 shares in the last quarter. Cornerstone Planning Group LLC increased its stake in shares of 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 buying an additional 248 shares during the period. Cullen Frost Bankers Inc. raised its holdings in shares of StoneX Group by 1,100.0% in the third quarter. Cullen Frost Bankers Inc. now owns 264 shares of the company’s stock valued at $27,000 after acquiring an additional 242 shares in the last quarter. AlphaQuest LLC lifted its stake in StoneX Group by 28,000.0% in the third quarter. AlphaQuest LLC now owns 281 shares of the company’s stock worth $28,000 after acquiring an additional 280 shares during the period. Finally, Salomon & Ludwin LLC bought a new position in StoneX Group during the 3rd quarter worth about $37,000. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

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.