StoneX Group (NASDAQ:SNEX) Chairman Sells $9,836,250.00 in Stock

StoneX Group Inc. (NASDAQ:SNEX) Chairman Sean Michael Oconnor sold 75,000 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $131.15, for a total transaction of $9,836,250.00. Following the completion of the transaction, the chairman owned 1,161,921 shares of the company’s stock, valued at approximately $152,385,939.15. This represents a 6.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, June 15th, Sean Michael Oconnor sold 75,000 shares of StoneX Group stock. The shares were sold at an average price of $135.42, for a total transaction of $10,156,500.00.
• On Tuesday, May 19th, Sean Michael Oconnor sold 72,140 shares of StoneX Group stock. The shares were sold at an average price of $109.94, for a total transaction of $7,931,071.60.
• 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 Price Performance

NASDAQ:SNEX traded down $3.84 during trading hours on Tuesday, reaching $131.89. 1,505,184 shares of the company were exchanged, compared to its average volume of 697,201. 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 firm has a market cap of $10.45 billion, a PE ratio of 23.57 and a beta of 0.64. StoneX Group Inc. has a twelve month low of $53.52 and a twelve month high of $139.24. The stock’s 50-day moving average is $109.51 and its 200-day moving average is $106.45.

StoneX Group’s stock is going to split on Monday, July 20th. The 3-2 split was announced on Tuesday, May 26th. The newly minted shares will be payable to shareholders after the market closes on Friday, July 17th.

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

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of StoneX Group in a report on Friday, May 22nd. Wall Street Zen raised shares of StoneX Group from a “hold” rating to a “buy” rating in a report on Sunday, April 5th. William Blair reaffirmed an “outperform” rating on shares of StoneX Group in a report on Monday, March 9th. 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 research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $122.00.

Institutional Investors Weigh In On StoneX Group

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of StoneX Group by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 4,031,545 shares of the company’s stock valued at $383,521,000 after buying an additional 11,240 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of StoneX Group by 18.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,851,468 shares of the company’s stock valued at $271,261,000 after buying an additional 439,771 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of StoneX Group by 50.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,107,795 shares of the company’s stock valued at $169,976,000 after buying an additional 704,493 shares during the last quarter. State Street Corp raised its position in shares of StoneX Group by 0.3% in the fourth quarter. State Street Corp now owns 1,829,897 shares of the company’s stock valued at $174,078,000 after buying an additional 6,220 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its position in shares of StoneX Group by 24.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,499,292 shares of the company’s stock valued at $142,628,000 after buying an additional 294,203 shares during the last quarter. 75.93% of the stock is currently owned by institutional investors and hedge funds.

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.