Mark Lowry Maurer Sells 40,000 Shares of StoneX Group (NASDAQ:SNEX) Stock

StoneX Group Inc. (NASDAQ:SNEX) insider Mark Lowry Maurer sold 40,000 shares of the stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $124.88, for a total value of $4,995,200.00. Following the completion of the transaction, the insider directly owned 90,331 shares of the company’s stock, valued at approximately $11,280,535.28. The trade was a 30.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

StoneX Group Price Performance

Shares of SNEX stock opened at $124.95 on Friday. The stock’s fifty day simple moving average is $104.76 and its 200 day simple moving average is $98.26. StoneX Group Inc. has a one year low of $65.00 and a one year high of $130.35. The firm has a market cap of $6.55 billion, a price-to-earnings ratio of 18.65 and a beta of 0.45. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.80 and a quick ratio of 1.34.

StoneX Group’s stock is going to split on Monday, March 23rd. The 3-2 split was announced on Thursday, February 5th. The newly minted shares will be payable to shareholders after the market closes on Tuesday, March 10th.

StoneX Group (NASDAQ:SNEX) last issued its earnings results on Wednesday, February 4th. The company reported $2.50 EPS for the quarter, beating the consensus estimate of $2.06 by $0.44. StoneX Group had a net margin of 0.25% and a return on equity of 16.43%. The company had revenue of $724.00 million for the quarter, compared to the consensus estimate of $1.24 billion. On average, analysts expect that StoneX Group Inc. will post 8.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Wall Street Zen upgraded StoneX Group from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Jefferies Financial Group raised their target price on StoneX Group from $99.00 to $122.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of StoneX Group in a report on Monday, December 29th. Finally, Zacks Research raised shares of StoneX Group from a “hold” rating to a “strong-buy” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $122.00.

Institutional Trading of StoneX Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Choreo LLC lifted its position in StoneX Group by 4.5% during the 4th quarter. Choreo LLC now owns 2,764 shares of the company’s stock valued at $270,000 after purchasing an additional 118 shares during the period. Xponance Inc. lifted its holdings in StoneX Group by 3.6% in the third quarter. Xponance Inc. now owns 3,624 shares of the company’s stock valued at $366,000 after buying an additional 125 shares during the period. Lido Advisors LLC boosted its stake in StoneX Group by 3.2% in the fourth quarter. Lido Advisors LLC now owns 4,050 shares of the company’s stock valued at $403,000 after acquiring an additional 125 shares during the last quarter. Bank of Montreal Can grew its holdings in StoneX Group by 1.5% during the 2nd quarter. Bank of Montreal Can now owns 8,640 shares of the company’s stock worth $787,000 after acquiring an additional 128 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in shares of StoneX Group by 1.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 11,047 shares of the company’s stock valued at $1,007,000 after acquiring an additional 137 shares during the last quarter. 75.93% of the stock is currently owned by institutional investors and hedge funds.

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.