StoneX Group (NASDAQ:SNEX) CEO Philip Andrew Smith Sells 45,000 Shares of Stock

StoneX Group Inc. (NASDAQ:SNEX) CEO Philip Andrew Smith sold 45,000 shares of the stock in a transaction that occurred on Wednesday, July 22nd. The shares were sold at an average price of $74.32, for a total value of $3,344,400.00. Following the completion of the sale, the chief executive officer directly owned 738,216 shares of the company’s stock, valued at approximately $54,864,213.12. The trade was a 5.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Philip Andrew Smith also recently made the following trade(s):

• On Tuesday, June 30th, Philip Andrew Smith sold 77,310 shares of StoneX Group stock. The shares were sold at an average price of $79.15, for a total transaction of $6,118,828.80.

StoneX Group Price Performance

Shares of SNEX opened at $74.28 on Wednesday. The company has a market cap of $8.83 billion, a price-to-earnings ratio of 19.91 and a beta of 0.65. StoneX Group Inc. has a 1-year low of $35.68 and a 1-year high of $94.66. The company’s fifty day simple moving average is $79.80 and its 200 day simple moving average is $74.67. The company has a current ratio of 1.74, a quick ratio of 1.33 and a debt-to-equity ratio of 1.27.

StoneX Group (NASDAQ:SNEX) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.31. The firm had revenue of $826.40 million for 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%. On average, research analysts forecast that StoneX Group Inc. will post 4 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on SNEX. Jefferies Financial Group cut StoneX Group from a “buy” rating to a “hold” rating and dropped their price target for the stock from $123.00 to $112.00 in a report on Monday, July 20th. Zacks Research lowered StoneX Group from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Wall Street Zen upgraded StoneX Group from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. Finally, Weiss Ratings downgraded shares of StoneX Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, July 17th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $112.00.

Institutional Investors Weigh In On StoneX Group

Large investors have recently added to or reduced their stakes in the stock. Wasatch Advisors LP bought a new position in StoneX Group during the 2nd quarter worth $139,730,000. GK Wealth Management LLC acquired a new position in StoneX Group in the 2nd quarter valued at $483,000. GAMMA Investing LLC lifted its position in shares of StoneX Group by 19.3% during the 2nd quarter. GAMMA Investing LLC now owns 2,259 shares of the company’s stock valued at $268,000 after acquiring an additional 366 shares during the period. Basecamp Wealth Advisors LLC lifted its position in shares of StoneX Group by 49.7% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 512 shares of the company’s stock valued at $41,000 after acquiring an additional 170 shares during the period. Finally, NewEdge Advisors LLC grew its holdings in shares of StoneX Group by 119.8% during the 1st quarter. NewEdge Advisors LLC now owns 10,814 shares of the company’s stock worth $872,000 after purchasing an additional 5,893 shares in the last quarter. Institutional investors and hedge funds own 75.93% of the company’s stock.

StoneX Group News Roundup

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

• Neutral Sentiment: CEO Philip Andrew Smith sold 45,000 shares for approximately $3.34 million, while CFO William J. Dunaway sold 95,970 shares for about $7.13 million. Both retained sizable stakes following the transactions. CEO transaction filing CFO transaction filing
• Neutral Sentiment: Chairman Sean Michael Oconnor sold 104,934 shares for approximately $7.80 million but continued to own about 1.75 million shares directly. Other insider sales included 52,376 shares by Mark Lowry Maurer and 29,995 shares by Diego Rotsztain. Chairman transaction filing
• Negative Sentiment: The concentration of insider selling—particularly by senior leadership—can be interpreted as a short-term confidence concern and may contribute to the stock’s recent decrease. However, the scheduled nature of the transactions reduces the likelihood that the sales reflect newly formed negative views about StoneX’s business or outlook. Insider transaction filing

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.