StoneX Group (NASDAQ:SNEX) Stock: Insider John Moore Fowler Sells 1,575 Shares

StoneX Group Inc. (NASDAQ:SNEX) Director John Fowler sold 1,575 shares of the company’s stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $56.87, for a total value of $89,570.25. Following the sale, the director directly owned 253,834 shares in the company, valued at approximately $14,435,539.58. This represents a 0.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

StoneX Group Stock Performance

StoneX Group stock opened at $54.31 on Friday. The company has a market cap of $6.55 billion, a PE ratio of 12.97 and a beta of 0.66. The company has a fifty day moving average price of $62.85 and a two-hundred day moving average price of $71.29. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.82 and a quick ratio of 1.39. StoneX Group Inc. has a 12 month low of $36.45 and a 12 month high of $94.66.

StoneX Group (NASDAQ:SNEX) last issued its earnings results on Wednesday, August 5th. The company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.14. StoneX Group had a net margin of 0.33% and a return on equity of 20.18%. The company had revenue of $39.71 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Research analysts expect that StoneX Group Inc. will post 4.35 earnings per share for the current year.

Institutional Investors Weigh In On StoneX Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Rakuten Securities Inc. acquired a new position in shares of StoneX Group in the 2nd quarter worth $26,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of StoneX Group during the second quarter valued at approximately $42,000. Silvant Capital Management LLC acquired a new stake in shares of StoneX Group during the second quarter valued at approximately $43,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of StoneX Group in the 1st quarter valued at approximately $34,000. Finally, Sterling Capital Management LLC boosted its stake in StoneX Group by 48.7% in the 1st quarter. Sterling Capital Management LLC now owns 476 shares of the company’s stock worth $38,000 after purchasing an additional 156 shares during the period. 75.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SNEX. Weiss Ratings lowered shares of StoneX Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, October 14th. Jefferies Financial Group downgraded StoneX Group from a “buy” rating to a “hold” rating and decreased their target price for the company from $123.00 to $112.00 in a research note on Monday, July 20th. Zacks Research lowered StoneX Group from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Finally, Wall Street Zen cut StoneX Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $112.00.

About StoneX Group

StoneX Group Inc is a global financial services company that connects businesses, institutions and individual investors with markets. Its services include trade execution and clearing, risk management, market intelligence, and financing for participants in commodity and financial markets.

The company serves commercial and institutional clients across sectors such as agriculture, energy and metals, and offers foreign exchange, securities and other trading services. Its retail business provides online trading platforms, while its payments operations support domestic and cross-border transactions.

Previously known as INTL FCStone, the company adopted the StoneX Group name in 2020.