StoneX Group (NASDAQ:SNEX) CFO William Dunaway Sells 63,602 Shares of Stock

StoneX Group Inc. (NASDAQ:SNEX) CFO William Dunaway sold 63,602 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $131.16, for a total transaction of $8,342,038.32. Following the transaction, the chief financial officer owned 294,359 shares of the company’s stock, valued at $38,608,126.44. This trade represents a 17.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

StoneX Group Stock Performance

NASDAQ:SNEX opened at $135.73 on Tuesday. The company has a current ratio of 1.74, a quick ratio of 1.33 and a debt-to-equity ratio of 1.27. The firm has a 50-day moving average price of $109.51 and a two-hundred day moving average price of $106.45. StoneX Group Inc. has a twelve month low of $53.52 and a twelve month high of $138.47. The company has a market capitalization of $10.76 billion, a P/E ratio of 24.25 and a beta of 0.64.

Shares of StoneX Group are going to split on the morning of Monday, July 20th. The 3-2 split was announced on Tuesday, May 26th. The newly created shares will be distributed to shareholders after the market closes on Friday, July 17th.

StoneX Group (NASDAQ:SNEX) last posted its earnings results on Wednesday, May 6th. The company reported $2.07 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.47. StoneX Group had a net margin of 0.30% and a return on equity of 19.31%. The firm had revenue of $826.40 million during the quarter, compared to the consensus estimate of $1.37 billion. As a group, research analysts expect that StoneX Group Inc. will post 6 earnings per share for the current fiscal year.

Institutional Investors Weigh In On StoneX Group

A number of institutional investors have recently bought and sold shares of the stock. Bessemer Group Inc. lifted its position in shares of StoneX Group by 1,562.1% during the fourth quarter. Bessemer Group Inc. now owns 164,249 shares of the company’s stock worth $15,626,000 after purchasing an additional 154,367 shares in the last quarter. Leuthold Group LLC lifted its position in shares of StoneX Group by 834.0% during the fourth quarter. Leuthold Group LLC now owns 30,487 shares of the company’s stock worth $2,900,000 after purchasing an additional 27,223 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of StoneX Group by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 4,031,545 shares of the company’s stock worth $383,521,000 after purchasing an additional 11,240 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of StoneX Group by 18,363.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 26,772 shares of the company’s stock worth $2,547,000 after purchasing an additional 26,627 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of StoneX Group by 23.9% during the third quarter. JPMorgan Chase & Co. now owns 758,390 shares of the company’s stock worth $76,537,000 after purchasing an additional 146,065 shares in the last quarter. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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