Sean Michael Oconnor Sells 40,000 Shares of StoneX Group (NASDAQ:SNEX) Stock

StoneX Group Inc. (NASDAQ:SNEX) Chairman Sean Michael Oconnor sold 40,000 shares of StoneX Group stock in a transaction on Monday, February 9th. The shares were sold at an average price of $124.95, for a total value of $4,998,000.00. Following the sale, the chairman directly owned 854,127 shares in the company, valued at $106,723,168.65. The trade was a 4.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

StoneX Group Trading Down 2.0%

NASDAQ:SNEX opened at $124.95 on Friday. StoneX Group Inc. has a 1 year low of $65.00 and a 1 year high of $130.35. The business has a fifty day moving average of $104.76 and a 200-day moving average of $98.26. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.34 and a current ratio of 1.80. The stock has a market cap of $6.55 billion, a price-to-earnings ratio of 18.65 and a beta of 0.45.

StoneX Group’s stock is going to split before the market opens 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 posted its quarterly earnings data on Wednesday, February 4th. The company reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.06 by $0.44. The business had revenue of $724.00 million for the quarter, compared to analyst estimates of $1.24 billion. StoneX Group had a net margin of 0.25% and a return on equity of 16.43%. Equities analysts predict that StoneX Group Inc. will post 8.7 earnings per share for the current year.

Institutional Investors Weigh In On StoneX Group

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in StoneX Group by 34.3% during the 3rd quarter. Vanguard Group Inc. now owns 4,020,305 shares of the company’s stock worth $405,729,000 after purchasing an additional 1,027,489 shares in the last quarter. Hennessy Advisors Inc. grew its holdings in shares of StoneX Group by 383.8% during the third quarter. Hennessy Advisors Inc. now owns 542,800 shares of the company’s stock valued at $54,779,000 after buying an additional 430,600 shares in the last quarter. American Century Companies Inc. raised its position in StoneX Group by 19.8% during the second quarter. American Century Companies Inc. now owns 2,352,849 shares of the company’s stock valued at $214,439,000 after buying an additional 389,132 shares during the period. Goldentree Asset Management LP purchased a new stake in StoneX Group in the 2nd quarter worth about $32,482,000. Finally, JPMorgan Chase & Co. boosted its position in StoneX Group by 71.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 612,325 shares of the company’s stock worth $55,807,000 after acquiring an additional 256,081 shares during the period. Institutional investors and hedge funds own 75.93% of the company’s stock.

Analysts Set New Price Targets

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