Insider Selling: StoneX Group (NASDAQ:SNEX) President Sells 9,000 Shares of Stock

StoneX Group Inc. (NASDAQ:SNEX) President Charles Lyon sold 9,000 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $131.96, for a total value of $1,187,640.00. Following the completion of the transaction, the president owned 216,495 shares in the company, valued at approximately $28,568,680.20. This trade represents a 3.99% 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 link.

StoneX Group Stock Down 2.8%

Shares of NASDAQ:SNEX traded down $3.84 during mid-day trading on Tuesday, hitting $131.89. 1,505,184 shares of the company traded hands, compared to its average volume of 697,201. The firm has a market cap of $10.45 billion, a P/E ratio of 23.57 and a beta of 0.64. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.33 and a current ratio of 1.74. StoneX Group Inc. has a 52-week low of $53.52 and a 52-week high of $139.24. The firm’s 50 day simple moving average is $109.51 and its 200 day simple moving average is $106.45.

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

StoneX Group (NASDAQ:SNEX) last announced its earnings results on Wednesday, May 6th. The company reported $2.07 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 return on equity of 19.31% and a net margin of 0.30%. On average, equities analysts anticipate that StoneX Group Inc. will post 6 EPS for the current year.

Institutional Investors Weigh In On StoneX Group

Several hedge funds and other institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC increased its holdings in 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 during the last quarter. Segall Bryant & Hamill LLC increased its holdings in StoneX Group by 89.5% during the 1st quarter. Segall Bryant & Hamill LLC now owns 299,088 shares of the company’s stock worth $24,121,000 after purchasing an additional 141,249 shares during the last quarter. Bank of America Corp DE increased its holdings in StoneX Group by 115.6% during the 1st quarter. Bank of America Corp DE now owns 464,475 shares of the company’s stock worth $37,460,000 after purchasing an additional 249,088 shares during the last quarter. Janus Henderson Group PLC increased its holdings in StoneX Group by 177.7% during the 1st quarter. Janus Henderson Group PLC now owns 134,861 shares of the company’s stock worth $10,876,000 after purchasing an additional 86,290 shares during the last quarter. Finally, Amundi increased its holdings in StoneX Group by 88.1% during the 1st quarter. Amundi now owns 11,886 shares of the company’s stock worth $959,000 after purchasing an additional 5,567 shares during the last quarter. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SNEX has been the topic of several analyst reports. Zacks Research upgraded StoneX Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Weiss Ratings reiterated a “buy (b-)” rating on shares of StoneX Group in a report on Friday, May 22nd. William Blair reiterated an “outperform” rating on shares of StoneX Group in a report on Monday, March 9th. Finally, Wall Street Zen upgraded StoneX Group from a “hold” rating to a “buy” rating in a report on Sunday, April 5th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $122.00.

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.