StoneX Group (NASDAQ:SNEX) Chairman Sells $7,931,071.60 in Stock

StoneX Group Inc. (NASDAQ:SNEX) Chairman Sean Michael Oconnor sold 72,140 shares of StoneX Group stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $109.94, for a total transaction of $7,931,071.60. Following the sale, the chairman owned 1,236,921 shares of the company’s stock, valued at approximately $135,987,094.74. The trade was a 5.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sean Michael Oconnor also recently made the following trade(s):

• On Friday, May 15th, Sean Michael Oconnor sold 140,070 shares of StoneX Group stock. The shares were sold at an average price of $110.31, for a total transaction of $15,451,121.70.
• On Monday, May 18th, Sean Michael Oconnor sold 87,790 shares of StoneX Group stock. The shares were sold at an average price of $111.46, for a total transaction of $9,785,073.40.

StoneX Group Stock Performance

Shares of NASDAQ SNEX opened at $112.42 on Friday. 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 cap of $8.91 billion, a price-to-earnings ratio of 20.09 and a beta of 0.64. The company has a 50 day simple moving average of $100.40 and a two-hundred day simple moving average of $102.80. StoneX Group Inc. has a 12 month low of $53.52 and a 12 month 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 for the quarter, beating the consensus estimate of $1.60 by $0.47. The firm had revenue of $826.40 million during the quarter, compared to analyst estimates of $1.37 billion. StoneX Group had a net margin of 0.30% and a return on equity of 19.31%. As a group, analysts predict that StoneX Group Inc. will post 6 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on SNEX shares. Weiss Ratings raised shares of StoneX Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. Jefferies Financial Group lifted their target price on shares of StoneX Group from $99.00 to $122.00 and gave the company a “buy” rating in a report on Monday, February 2nd. William Blair reaffirmed an “outperform” rating on shares of StoneX Group in a report on Monday, March 9th. Wall Street Zen raised shares of StoneX Group from a “hold” rating to a “buy” rating in a report on Sunday, April 5th. Finally, Zacks Research raised shares of StoneX Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $122.00.

Trending Headlines about StoneX Group

Here are the key news stories impacting StoneX Group this week:

• Positive Sentiment: StoneX’s subsidiary, The Benchmark Company, announced the inaugural Benchmark-StoneX Quantum Computing Summit, which could strengthen its brand in technology investment banking and deepen relationships with institutional investors. The Benchmark Company Announces Inaugural Quantum Computing Summit
• Positive Sentiment: Zacks added SNEX to its Strong Buy list, reinforcing a generally bullish analyst view on the stock. New Strong Buy Stocks for May 21st
• Positive Sentiment: StoneX expanded its Birmingham, Alabama presence, signaling continued investment in operational infrastructure and support for global business lines. StoneX Expands Birmingham Presence, Reinforcing Its Role as a Strategic Operating Hub
• Neutral Sentiment: Recent market commentary highlighted StoneX’s latest quarterly beat on EPS, but revenue came in well below expectations, leaving the fundamental signal mixed.
• Negative Sentiment: Chairman Sean Michael O’Connor sold a large block of shares over several recent transactions, adding to concerns about insider confidence. Insider Selling: StoneX Group (NASDAQ:SNEX) Chairman Sells 72,140 Shares of Stock
• Negative Sentiment: Insider Diego Rotsztain also sold shares twice this week, reinforcing the broader insider-selling trend around SNEX. Insider Selling: StoneX Group (NASDAQ:SNEX) Insider Sells 13,696 Shares of Stock

Institutional Investors Weigh In On StoneX Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in SNEX. Royal Bank of Canada increased its holdings in StoneX Group by 129.0% in the 1st quarter. Royal Bank of Canada now owns 77,545 shares of the company’s stock worth $5,923,000 after acquiring an additional 43,678 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in StoneX Group in the 1st quarter worth $449,000. Goldman Sachs Group Inc. increased its holdings in StoneX Group by 6.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 225,711 shares of the company’s stock worth $17,240,000 after acquiring an additional 13,815 shares in the last quarter. United Services Automobile Association purchased a new stake in StoneX Group in the 1st quarter worth $210,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in StoneX Group by 55.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 107,125 shares of the company’s stock worth $8,182,000 after acquiring an additional 38,073 shares in the last quarter. Hedge funds and other institutional investors 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.