StoneX Group (NASDAQ:SNEX) Chairman Sean Michael Oconnor Sells 87,790 Shares

StoneX Group Inc. (NASDAQ:SNEX) Chairman Sean Michael Oconnor sold 87,790 shares of StoneX Group stock in a transaction on Monday, May 18th. The shares were sold at an average price of $111.46, for a total transaction of $9,785,073.40. Following the completion of the transaction, the chairman owned 1,236,921 shares in the company, valued at approximately $137,867,214.66. This represents a 6.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sean Michael Oconnor also recently made the following trade(s):

• On Tuesday, May 19th, Sean Michael Oconnor sold 72,140 shares of StoneX Group stock. The shares were sold at an average price of $109.94, for a total transaction of $7,931,071.60.
• On Friday, May 15th, Sean Michael Oconnor sold 140,070 shares of StoneX Group stock. The shares were sold at an average price of $110.31, for a total transaction of $15,451,121.70.

StoneX Group Trading Down 1.3%

NASDAQ SNEX opened at $109.37 on Wednesday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.33 and a current ratio of 1.74. The firm has a market cap of $8.67 billion, a PE ratio of 19.54 and a beta of 0.64. StoneX Group Inc. has a one year low of $53.52 and a one year high of $125.42. The firm’s fifty day moving average is $100.20 and its two-hundred day moving average is $102.52.

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

Institutional Trading of StoneX Group

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of StoneX Group by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 4,031,545 shares of the company’s stock valued at $383,521,000 after buying an additional 11,240 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of StoneX Group by 18.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,851,468 shares of the company’s stock valued at $271,261,000 after buying an additional 439,771 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of StoneX Group by 50.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,107,795 shares of the company’s stock valued at $169,976,000 after buying an additional 704,493 shares in the last quarter. State Street Corp boosted its stake in shares of StoneX Group by 0.3% in the fourth quarter. State Street Corp now owns 1,829,897 shares of the company’s stock valued at $174,078,000 after buying an additional 6,220 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its stake in shares of StoneX Group by 24.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,499,292 shares of the company’s stock valued at $142,628,000 after buying an additional 294,203 shares in the last quarter. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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