StoneX Group (NASDAQ:SNEX) Chairman Sells $10,156,500.00 in Stock

StoneX Group Inc. (NASDAQ:SNEX) Chairman Sean Michael Oconnor sold 75,000 shares of StoneX Group stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $135.42, for a total value of $10,156,500.00. Following the completion of the transaction, the chairman owned 1,086,921 shares in the company, valued at $147,190,841.82. This trade represents a 6.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Sean Michael Oconnor also recently made the following trade(s):

• On Friday, June 12th, Sean Michael Oconnor sold 75,000 shares of StoneX Group stock. The shares were sold at an average price of $131.15, for a total value of $9,836,250.00.
• On Tuesday, May 19th, Sean Michael Oconnor sold 72,140 shares of StoneX Group stock. The stock was sold at an average price of $109.94, for a total value of $7,931,071.60.
• On Friday, May 15th, Sean Michael Oconnor sold 140,070 shares of StoneX Group stock. The stock was sold at an average price of $110.31, for a total value of $15,451,121.70.
• On Monday, May 18th, Sean Michael Oconnor sold 87,790 shares of StoneX Group stock. The shares were sold at an average price of $111.46, for a total transaction of $9,785,073.40.

StoneX Group Stock Performance

NASDAQ:SNEX opened at $139.01 on Friday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.74 and a quick ratio of 1.33. The firm has a market cap of $11.02 billion, a price-to-earnings ratio of 24.84 and a beta of 0.64. The firm’s fifty day moving average price is $112.45 and its 200 day moving average price is $107.37. StoneX Group Inc. has a 1-year low of $53.52 and a 1-year high of $141.41.

StoneX Group’s stock is set to split on Monday, July 20th. The 3-2 split was announced on Tuesday, May 26th. The newly issued shares will be issued to shareholders after the closing bell on Friday, July 17th.

StoneX Group (NASDAQ:SNEX) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $2.07 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.47. StoneX Group had a net margin of 0.30% and a return on equity of 19.31%. The company had revenue of $826.40 million during the quarter, compared to the consensus estimate of $1.37 billion. On average, sell-side analysts expect that StoneX Group Inc. will post 6 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of StoneX Group in a research report on Friday, May 22nd. Wall Street Zen upgraded StoneX Group from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. Zacks Research raised StoneX Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Finally, William Blair reissued an “outperform” rating on shares of StoneX Group in a report on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $122.00.

StoneX Group News Summary

Here are the key news stories impacting StoneX Group this week:

• Positive Sentiment: Recent Zacks commentary pointed to StoneX’s record results, acquisition-related growth, AI trading initiatives, and global expansion as reasons investors remain constructive on SNEX. StoneX Is Tapping AI, Trading Volatility and Global Expansion
• Positive Sentiment: Analysts continue to view StoneX favorably after its last earnings report beat EPS expectations, reinforcing the stock’s recent momentum. Is SNEX Stock Worth Buying After Its Sharp Run and Richer Valuation?
• Neutral Sentiment: StoneX’s planned 3-for-2 stock split on July 20 could improve liquidity and broaden investor interest, but it does not change the company’s fundamentals. StoneX Group insider trades page
• Negative Sentiment: Insider selling has been notable, with Director Annabelle Bexiga and insider Mark Lowry Maurer both selling shares, adding to sentiment concerns that some executives may be taking profits after the recent rally. SEC filing

Hedge Funds Weigh In On StoneX Group

Several hedge funds have recently bought and sold shares of SNEX. Vanguard Group Inc. boosted its position in StoneX Group by 34.3% during the third 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. Dimensional Fund Advisors LP increased its stake in shares of StoneX Group by 50.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,107,795 shares of the company’s stock worth $169,976,000 after purchasing an additional 704,493 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of StoneX Group by 18.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,851,468 shares of the company’s stock worth $271,261,000 after purchasing an additional 439,771 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in StoneX Group by 24.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,499,292 shares of the company’s stock valued at $142,628,000 after buying an additional 294,203 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in StoneX Group by 115.6% in the 1st quarter. Bank of America Corp DE now owns 464,475 shares of the company’s stock valued at $37,460,000 after buying an additional 249,088 shares in the last quarter. 75.93% of the stock is owned by hedge funds and other institutional investors.

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.