StoneX Group (NASDAQ:SNEX) Shares Down 8.4% – Time to Sell?

StoneX Group Inc. (NASDAQ:SNEX)’s stock price fell 8.4% on Friday . The company traded as low as $109.36 and last traded at $109.57. 224,573 shares changed hands during mid-day trading, a decline of 37% from the average session volume of 356,118 shares. The stock had previously closed at $119.56.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Jefferies Financial Group boosted their price objective 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. Wall Street Zen upgraded StoneX Group from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Zacks Research upgraded shares of StoneX Group from a “hold” rating to a “strong-buy” rating in a report on Monday, February 9th. Finally, Weiss Ratings upgraded StoneX Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $122.00.

StoneX Group Stock Down 8.8%

The company has a quick ratio of 1.34, a current ratio of 1.80 and a debt-to-equity ratio of 1.34. The stock’s 50 day moving average is $113.88 and its 200 day moving average is $101.79. The firm has a market cap of $5.72 billion, a price-to-earnings ratio of 16.27 and a beta of 0.42.

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 distributed to shareholders after the closing bell on Tuesday, March 10th.

StoneX Group (NASDAQ:SNEX) last announced its earnings results on Wednesday, February 4th. The company reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.06 by $0.44. The company had revenue of $724.00 million for the quarter, compared to analyst estimates of $1.24 billion. StoneX Group had a return on equity of 16.43% and a net margin of 0.25%. Analysts forecast that StoneX Group Inc. will post 8.7 EPS for the current year.

Insider Activity

In other StoneX Group news, insider Diego Rotsztain sold 2,477 shares of the business’s stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $94.91, for a total value of $235,092.07. Following the completion of the sale, the insider owned 17,527 shares of the company’s stock, valued at $1,663,487.57. The trade was a 12.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Abigail H. Perkins sold 8,000 shares of the company’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $126.72, for a total transaction of $1,013,760.00. Following the sale, the insider directly owned 48,259 shares of the company’s stock, valued at approximately $6,115,380.48. This represents a 14.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 124,979 shares of company stock valued at $15,433,617. Corporate insiders own 11.79% of the company’s stock.

Institutional Trading of StoneX Group

Institutional investors have recently bought and sold shares of the stock. Private Trust Co. NA grew its stake in StoneX Group by 2,109.1% during the third quarter. Private Trust Co. NA now owns 243 shares of the company’s stock worth $25,000 after buying an additional 232 shares during the last quarter. Cornerstone Planning Group LLC lifted its position in StoneX Group by 4,133.3% during the 3rd quarter. Cornerstone Planning Group LLC now owns 254 shares of the company’s stock valued at $26,000 after purchasing an additional 248 shares during the period. Cullen Frost Bankers Inc. lifted its stake in shares of StoneX Group by 1,100.0% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 264 shares of the company’s stock valued at $27,000 after purchasing an additional 242 shares during the period. AlphaQuest LLC boosted its holdings in StoneX Group by 28,000.0% during the third quarter. AlphaQuest LLC now owns 281 shares of the company’s stock worth $28,000 after buying an additional 280 shares during the last quarter. Finally, Salomon & Ludwin LLC bought a new stake in shares of StoneX Group in the 3rd quarter valued at $37,000. Institutional investors and hedge funds own 75.93% of the company’s stock.

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.