Diego Rotsztain Sells 13,696 Shares of StoneX Group (NASDAQ:SNEX) Stock

StoneX Group Inc. (NASDAQ:SNEX) insider Diego Rotsztain sold 13,696 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $112.79, for a total value of $1,544,771.84. Following the sale, the insider directly owned 23,247 shares of the company’s stock, valued at approximately $2,622,029.13. This trade represents a 37.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Diego Rotsztain also recently made the following trade(s):

• On Monday, May 18th, Diego Rotsztain sold 20,054 shares of StoneX Group stock. The stock was sold at an average price of $111.48, for a total value of $2,235,619.92.

StoneX Group Trading Up 3.2%

SNEX stock traded up $3.55 during midday trading on Wednesday, hitting $112.92. 694,169 shares of the company’s stock were exchanged, compared to its average volume of 684,630. The business has a 50-day simple moving average of $100.20 and a two-hundred day simple moving average of $102.52. The company has a current ratio of 1.74, a quick ratio of 1.33 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $8.95 billion, a PE ratio of 20.18 and a beta of 0.64. StoneX Group Inc. has a 1-year low of $53.52 and a 1-year high of $125.42.

StoneX Group (NASDAQ:SNEX) last posted its earnings results on Wednesday, May 6th. The company reported $2.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.47. The company had revenue of $826.40 million during the quarter, compared to analysts’ expectations of $1.37 billion. StoneX Group had a return on equity of 19.31% and a net margin of 0.30%. On average, sell-side analysts predict that StoneX Group Inc. will post 6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SNEX has been the subject of several research analyst reports. Jefferies Financial Group raised their price target on StoneX Group from $99.00 to $122.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. Wall Street Zen upgraded StoneX Group from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. William Blair restated an “outperform” rating on shares of StoneX Group in a research report on Monday, March 9th. Weiss Ratings upgraded StoneX Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. Finally, Zacks Research upgraded StoneX Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $122.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cornerstone Planning Group LLC boosted its holdings in StoneX Group by 4,133.3% in 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 during the period. Cullen Frost Bankers Inc. boosted its holdings in 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 purchasing an additional 242 shares during the period. AlphaQuest LLC boosted its holdings in StoneX Group by 28,000.0% in the third quarter. AlphaQuest LLC now owns 281 shares of the company’s stock valued at $28,000 after purchasing an additional 280 shares during the period. Cassaday & Co Wealth Management LLC purchased a new position in StoneX Group in the first quarter valued at $34,000. Finally, Sterling Capital Management LLC boosted its holdings in StoneX Group by 48.8% in 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 during the period. 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.