StoneX Group (NASDAQ:SNEX) CAO Aaron Schroeder Sells 3,500 Shares

StoneX Group Inc. (NASDAQ:SNEX) CAO Aaron Schroeder sold 3,500 shares of StoneX Group stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $122.65, for a total transaction of $429,275.00. Following the completion of the sale, the chief accounting officer owned 51,481 shares of the company’s stock, valued at approximately $6,314,144.65. The trade was a 6.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

StoneX Group Stock Down 0.7%

NASDAQ SNEX opened at $116.03 on Thursday. 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 Inc. has a 1-year low of $53.52 and a 1-year high of $125.42. The company has a 50 day moving average of $100.82 and a 200-day moving average of $102.11. The company has a market cap of $9.20 billion, a price-to-earnings ratio of 20.73 and a beta of 0.64.

StoneX Group (NASDAQ:SNEX) last released its quarterly earnings results on Wednesday, May 6th. The company reported $2.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.47. StoneX Group had a net margin of 0.30% and a return on equity of 19.31%. The company had revenue of $826.40 million during the quarter, compared to the consensus estimate of $1.37 billion. On average, equities research analysts expect that StoneX Group Inc. will post 6 earnings per share for the current fiscal year.

Institutional Investors Weigh In On StoneX Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cornerstone Planning Group LLC grew its holdings in shares of StoneX Group by 4,133.3% during the 3rd quarter. Cornerstone Planning Group LLC now owns 254 shares of the company’s stock valued at $26,000 after purchasing an additional 248 shares during the last quarter. Cullen Frost Bankers Inc. grew its holdings in shares of StoneX Group by 1,100.0% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 264 shares of the company’s stock valued at $27,000 after purchasing an additional 242 shares during the last quarter. AlphaQuest LLC grew its holdings in shares of StoneX Group by 28,000.0% during the 3rd quarter. AlphaQuest LLC now owns 281 shares of the company’s stock valued at $28,000 after purchasing an additional 280 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in StoneX Group in the 1st quarter worth about $34,000. Finally, Transamerica Financial Advisors LLC increased its holdings in StoneX Group by 183.0% in the 4th quarter. Transamerica Financial Advisors LLC now owns 433 shares of the company’s stock worth $41,000 after purchasing an additional 280 shares in the last quarter. 75.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on SNEX shares. William Blair reaffirmed an “outperform” rating on shares of StoneX Group in a research report on Monday, March 9th. Wall Street Zen raised shares of StoneX Group from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. Jefferies Financial Group upped their price objective on shares of StoneX Group from $99.00 to $122.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. Zacks Research raised shares of StoneX Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Finally, Weiss Ratings raised shares of StoneX Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. According to MarketBeat, StoneX Group presently has a consensus rating of “Buy” and a consensus 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.