StoneX Group (NASDAQ:SNEX) CFO Sells $6,402,111.50 in Stock

StoneX Group Inc. (NASDAQ:SNEX) CFO William Dunaway sold 96,490 shares of StoneX Group stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $66.35, for a total value of $6,402,111.50. Following the transaction, the chief financial officer directly owned 502,203 shares in the company, valued at approximately $33,321,169.05. The trade was a 16.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

StoneX Group Trading Down 0.4%

NASDAQ SNEX opened at $66.15 on Thursday. The company has a current ratio of 1.82, a quick ratio of 1.39 and a debt-to-equity ratio of 1.45. The business has a fifty day simple moving average of $77.85 and a 200 day simple moving average of $74.55. StoneX Group Inc. has a 12 month low of $36.45 and a 12 month high of $94.66. The firm has a market capitalization of $7.98 billion, a P/E ratio of 15.79 and a beta of 0.66.

StoneX Group (NASDAQ:SNEX) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.14. StoneX Group had a net margin of 0.33% and a return on equity of 20.18%. The firm had revenue of $718.00 million for the quarter, compared to the consensus estimate of $1.32 billion. On average, analysts predict that StoneX Group Inc. will post 4.35 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on SNEX. Zacks Research raised StoneX Group from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Wall Street Zen lowered StoneX Group from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Jefferies Financial Group cut StoneX Group from a “buy” rating to a “hold” rating and cut their price objective for the stock from $123.00 to $112.00 in a research report on Monday, July 20th. Finally, Weiss Ratings downgraded StoneX Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $112.00.

Institutional Investors Weigh In On StoneX Group

A number of hedge funds have recently modified their holdings of the stock. Rakuten Securities Inc. bought a new position in StoneX Group during the second quarter valued at $26,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of StoneX Group in the first quarter valued at $34,000. Sterling Capital Management LLC lifted its position in shares of StoneX Group by 48.7% during the 1st quarter. Sterling Capital Management LLC now owns 476 shares of the company’s stock valued at $38,000 after buying an additional 156 shares during the last quarter. 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 buying an additional 170 shares during the last quarter. Finally, Transamerica Financial Advisors LLC grew its stake in shares of StoneX Group by 183.0% during the 4th quarter. Transamerica Financial Advisors LLC now owns 433 shares of the company’s stock worth $41,000 after acquiring an additional 280 shares during the period. 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.