StoneX Group (NASDAQ:SNEX) Insider Sells $3,195,713.55 in Stock

StoneX Group Inc. (NASDAQ:SNEX) insider Mark Maurer sold 52,953 shares of the firm’s stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $60.35, for a total value of $3,195,713.55. Following the completion of the transaction, the insider directly owned 219,663 shares in the company, valued at $13,256,662.05. The trade was a 19.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed 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 stock was sold at an average price of $67.02, for a total transaction of $3,386,386.56.
• On Monday, September 14th, Mark Maurer sold 52,564 shares of StoneX Group stock. The shares were sold at an average price of $68.83, for a total value of $3,617,980.12.
• 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 Performance

Shares of StoneX Group stock traded down $0.31 during trading on Wednesday, reaching $59.93. The company’s stock had a trading volume of 869,617 shares, compared to its average volume of 1,018,515. StoneX Group Inc. has a one year low of $36.45 and a one year high of $94.66. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.39 and a current ratio of 1.82. The firm has a market cap of $7.23 billion, a price-to-earnings ratio of 14.38 and a beta of 0.62. The business’s fifty day moving average price is $67.06 and its 200-day moving average price is $71.89.

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

Analyst Ratings Changes

SNEX has been the subject of a number of research reports. Weiss Ratings downgraded shares of StoneX Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, September 29th. Zacks Research downgraded shares of StoneX Group from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Wall Street Zen lowered shares of StoneX Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Jefferies Financial Group cut shares of StoneX Group from a “buy” rating to a “hold” rating and reduced their target price for the company from $123.00 to $112.00 in a research note on Monday, July 20th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $112.00.

Institutional Investors Weigh In On StoneX Group

Institutional investors have recently bought and sold shares of the business. Rakuten Securities Inc. bought a new stake in StoneX Group in the second quarter valued at about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in StoneX Group during the second quarter worth about $42,000. Silvant Capital Management LLC bought a new position in StoneX Group during the second quarter worth about $43,000. Cassaday & Co Wealth Management LLC acquired a new stake in StoneX Group during the first quarter valued at approximately $34,000. Finally, Sterling Capital Management LLC boosted its holdings in StoneX Group by 48.7% during the first quarter. Sterling Capital Management LLC now owns 476 shares of the company’s stock valued at $38,000 after purchasing an additional 156 shares in the last quarter. Institutional investors and hedge funds own 75.93% of the company’s stock.

About StoneX Group

StoneX Group Inc is a global financial services company that provides execution, clearing, custody, payments, market intelligence and risk-management solutions. Through its businesses, the company serves commercial and institutional clients, asset managers, broker-dealers, government and nonprofit organizations, and retail investors.

StoneX offers access to a broad range of markets and products, including equities, fixed income, foreign exchange, commodities, futures and options. Its services include institutional trading and clearing, physical commodities and hedging solutions, global payments, securities financing, wealth-management support and online trading for individual investors.

The company operates through a global network serving clients across North America, Latin America, Europe, Asia and other international markets.