StoneX Group (NASDAQ:SNEX) Insider Mark Lowry Maurer Sells 52,564 Shares of Stock

StoneX Group Inc. (NASDAQ:SNEX) insider Mark Maurer sold 52,564 shares of the company’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $68.83, for a total value of $3,617,980.12. Following the completion of the sale, the insider owned 253,772 shares of the company’s stock, valued at $17,467,126.76. This trade represents a 17.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Mark Lowry Maurer also recently made the following trade(s):

• On Tuesday, September 15th, Mark Maurer sold 50,528 shares of StoneX Group stock. The shares were sold at an average price of $67.02, for a total value of $3,386,386.56.
• On Friday, August 7th, Mark Maurer sold 52,648 shares of StoneX Group stock. The shares were sold at an average price of $66.25, for a total value of $3,487,930.00.
• On Wednesday, July 22nd, Mark Maurer sold 52,376 shares of StoneX Group stock. The stock was sold at an average price of $74.32, for a total value of $3,892,584.32.

StoneX Group Stock Down 2.4%

NASDAQ SNEX opened at $66.86 on Wednesday. The stock’s 50-day moving average price is $71.03 and its 200-day moving average price is $72.76. The company has a quick ratio of 1.39, a current ratio of 1.82 and a debt-to-equity ratio of 1.45. StoneX Group Inc. has a 52 week low of $36.45 and a 52 week high of $94.66. The company has a market capitalization of $8.06 billion, a P/E ratio of 15.96 and a beta of 0.63.

StoneX Group (NASDAQ:SNEX) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.14. The firm had revenue of $39.71 billion for the quarter, compared to analysts’ expectations of $1.32 billion. StoneX Group had a return on equity of 20.18% and a net margin of 0.33%. On average, equities research analysts predict that StoneX Group Inc. will post 4.35 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on SNEX shares. Weiss Ratings raised shares of StoneX Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Wall Street Zen downgraded shares of StoneX Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Zacks Research upgraded shares of StoneX Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Finally, Jefferies Financial Group downgraded shares of StoneX Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $123.00 to $112.00 in a report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, StoneX Group currently has an average rating of “Buy” and an average target price of $112.00.

Institutional Investors Weigh In On StoneX Group

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in shares of StoneX Group in the second quarter worth $1,343,877,000. Dimensional Fund Advisors LP increased its holdings in StoneX Group by 50.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,107,795 shares of the company’s stock valued at $169,976,000 after acquiring an additional 704,493 shares during the last quarter. Van Berkom & Associates Inc. increased its holdings in StoneX Group by 21.1% in the 1st quarter. Van Berkom & Associates Inc. now owns 1,384,258 shares of the company’s stock valued at $111,640,000 after acquiring an additional 240,749 shares during the last quarter. Geode Capital Management LLC lifted its stake in StoneX Group by 6.5% in the 4th quarter. Geode Capital Management LLC now owns 1,212,568 shares of the company’s stock worth $115,369,000 after purchasing an additional 74,515 shares in the last quarter. Finally, Wasatch Advisors LP purchased a new stake in StoneX Group in the 2nd quarter worth $139,730,000. 75.93% of the stock is owned by hedge funds and other institutional investors.

StoneX Group Company Profile

StoneX Group Inc (NASDAQ: SNEX) is a global financial services company that provides execution, clearing, market-making, advisory and risk-management services across a range of markets. Its clients include commercial and industrial businesses, institutional investors, broker-dealers, asset managers, professional traders and retail investors.

The company’s offerings include futures and options trading, securities execution and clearing, foreign exchange, global payments, commodities trading and hedging, and access to physical commodities markets.