Insider Selling: StoneX Group (NASDAQ:SNEX) Insider Sells $511,015.12 in Stock

StoneX Group Inc. (NASDAQ:SNEX) insider Abigail Perkins sold 4,312 shares of the stock in a transaction on Monday, June 8th. The shares were sold at an average price of $118.51, for a total value of $511,015.12. Following the transaction, the insider directly owned 72,388 shares in the company, valued at $8,578,701.88. The trade was a 5.62% decrease in their ownership of the stock. The transaction 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 Price Performance

NASDAQ SNEX opened at $129.74 on Friday. The business’s fifty day moving average price is $107.49 and its 200-day moving average price is $105.79. The stock has a market capitalization of $10.28 billion, a price-to-earnings ratio of 23.18 and a beta of 0.64. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.74 and a quick ratio of 1.33. StoneX Group Inc. has a 1-year low of $53.52 and a 1-year high of $131.18.

StoneX Group shares are going to split on Monday, July 20th. The 3-2 split was announced on Tuesday, May 26th. The newly created shares will be issued to shareholders after the market closes on Friday, July 17th.

StoneX Group (NASDAQ:SNEX) last released its quarterly 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 for 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, equities analysts predict that StoneX Group Inc. will post 6 earnings per share for the current year.

Institutional Investors Weigh In On StoneX Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Choreo LLC increased its stake in StoneX Group by 4.5% in the 4th quarter. Choreo LLC now owns 2,764 shares of the company’s stock worth $270,000 after buying an additional 118 shares in the last quarter. Xponance Inc. increased its stake in StoneX Group by 3.6% in the 3rd quarter. Xponance Inc. now owns 3,624 shares of the company’s stock worth $366,000 after buying an additional 125 shares in the last quarter. Lido Advisors LLC increased its stake in StoneX Group by 3.2% in the 4th quarter. Lido Advisors LLC now owns 4,050 shares of the company’s stock worth $403,000 after buying an additional 125 shares in the last quarter. Maryland State Retirement & Pension System increased its stake in StoneX Group by 2.2% in the 4th quarter. Maryland State Retirement & Pension System now owns 6,818 shares of the company’s stock worth $649,000 after buying an additional 144 shares in the last quarter. Finally, Sterling Capital Management LLC increased its stake in StoneX Group by 48.8% in the 1st quarter. Sterling Capital Management LLC now owns 476 shares of the company’s stock worth $38,000 after buying an additional 156 shares in the last quarter. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on SNEX shares. Weiss Ratings restated a “buy (b-)” rating on shares of StoneX Group in a research note on Friday, May 22nd. Zacks Research upgraded StoneX Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. William Blair restated an “outperform” rating on shares of StoneX Group in a research note on Monday, March 9th. Finally, Wall Street Zen upgraded StoneX Group from a “hold” rating to a “buy” rating in a research note on Sunday, April 5th. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $122.00.

About StoneX Group

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.