StoneX Group (NASDAQ:SNEX) Director Annabelle Bexiga Sells 1,500 Shares

StoneX Group Inc. (NASDAQ:SNEX) Director Annabelle Bexiga sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $133.36, for a total value of $200,040.00. Following the completion of the sale, the director owned 20,188 shares in the company, valued at $2,692,271.68. This represents a 6.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

StoneX Group Price Performance

NASDAQ:SNEX opened at $131.90 on Wednesday. The company has a quick ratio of 1.33, a current ratio of 1.74 and a debt-to-equity ratio of 1.27. The stock’s 50 day moving average price is $110.46 and its two-hundred day moving average price is $106.74. The firm has a market capitalization of $10.45 billion, a price-to-earnings ratio of 23.57 and a beta of 0.64. StoneX Group Inc. has a 12-month low of $53.52 and a 12-month high of $139.24.

Shares of StoneX Group are scheduled to split before the market opens on Monday, July 20th. The 3-2 split was announced on Tuesday, May 26th. The newly created shares will be issued to shareholders after the closing bell on Friday, July 17th.

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

Hedge Funds Weigh In On StoneX Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Choreo LLC increased its stake in StoneX Group by 4.5% during the 4th quarter. Choreo LLC now owns 2,764 shares of the company’s stock worth $270,000 after acquiring an additional 118 shares during the period. Xponance Inc. increased its stake in StoneX Group by 3.6% during the 3rd quarter. Xponance Inc. now owns 3,624 shares of the company’s stock worth $366,000 after acquiring an additional 125 shares during the period. Lido Advisors LLC increased its stake in StoneX Group by 3.2% during the 4th quarter. Lido Advisors LLC now owns 4,050 shares of the company’s stock worth $403,000 after acquiring an additional 125 shares during the period. Maryland State Retirement & Pension System increased its stake in StoneX Group by 2.2% during the 4th quarter. Maryland State Retirement & Pension System now owns 6,818 shares of the company’s stock worth $649,000 after acquiring an additional 144 shares during the period. Finally, Sterling Capital Management LLC increased its stake in StoneX Group by 48.8% during the 1st quarter. Sterling Capital Management LLC now owns 476 shares of the company’s stock worth $38,000 after acquiring an additional 156 shares during the period. Institutional investors own 75.93% of the company’s stock.

More StoneX Group News

Here are the key news stories impacting StoneX Group this week:

• Positive Sentiment: StoneX recently hit a new 12-month high, reflecting strong recent investor demand and momentum in the shares. StoneX Group (NASDAQ:SNEX) Hits New 12-Month High – Should You Buy?
• Positive Sentiment: The stock had a strong prior-session move with above-average volume, suggesting traders are still responding favorably to recent earnings results and analyst sentiment. StoneX Group (SNEX) Soars 3.9%: Is Further Upside Left in the Stock?
• Neutral Sentiment: The company announced a 3-for-2 stock split scheduled for July 20, which can improve trading liquidity and attention but does not change fundamentals. StoneX Group insider trades page
• Negative Sentiment: Chairman Sean Michael Oconnor sold 150,000 shares in two transactions, CFO William Dunaway sold 63,602 shares, President Charles M. Lyon sold 9,000 shares, and Director Annabelle G. Bexiga sold 1,500 shares, adding to concerns that insiders may be taking profits after the recent rally. SEC filing

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on SNEX shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of StoneX Group in a research note on Friday, May 22nd. Zacks Research upgraded StoneX Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. William Blair reiterated an “outperform” rating on shares of StoneX Group in a research note on Monday, March 9th. Finally, Wall Street Zen upgraded StoneX Group from a “hold” rating to a “buy” rating in a research note on Sunday, April 5th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $122.00.

About StoneX Group

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.