StoneX Group (NASDAQ:SNEX) Insider Sells $4,696,068.86 in Stock

StoneX Group Inc. (NASDAQ:SNEX) insider Mark Lowry Maurer sold 34,706 shares of StoneX Group stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $135.31, for a total value of $4,696,068.86. Following the sale, the insider directly owned 147,038 shares of the company’s stock, valued at approximately $19,895,711.78. This trade represents a 19.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Mark Lowry Maurer also recently made the following trade(s):

• On Tuesday, June 16th, Mark Lowry Maurer sold 11,542 shares of StoneX Group stock. The shares were sold at an average price of $133.63, for a total value of $1,542,357.46.

StoneX Group Price Performance

Shares of StoneX Group stock opened at $139.01 on Friday. The firm has a market capitalization of $11.02 billion, a PE ratio of 24.84 and a beta of 0.64. The company has a current ratio of 1.74, a quick ratio of 1.33 and a debt-to-equity ratio of 1.27. StoneX Group Inc. has a 12 month low of $53.52 and a 12 month high of $141.41. The business’s 50-day moving average price is $113.39 and its 200-day moving average price is $107.59.

Shares of StoneX Group are set to split before the market opens on Monday, July 20th. The 3-2 split was announced on Tuesday, May 26th. The newly created shares will be issued to shareholders after the closing bell on Friday, July 17th.

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

Analyst Ratings Changes

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

Institutional Trading of StoneX Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. AlphaQuest LLC grew its holdings in shares of StoneX Group by 28,000.0% in the third quarter. AlphaQuest LLC now owns 281 shares of the company’s stock worth $28,000 after purchasing an additional 280 shares during the last quarter. Cassaday & Co Wealth Management LLC bought a new stake in StoneX Group during the 1st quarter valued at $34,000. Transamerica Financial Advisors LLC raised its holdings in StoneX Group by 183.0% during the 4th quarter. Transamerica Financial Advisors LLC now owns 433 shares of the company’s stock valued at $41,000 after buying an additional 280 shares during the last quarter. Sterling Capital Management LLC boosted its position in StoneX Group by 48.7% during the 1st quarter. Sterling Capital Management LLC now owns 476 shares of the company’s stock valued at $38,000 after buying an additional 156 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in StoneX Group during the 4th quarter valued at $50,000. Institutional investors own 75.93% of the company’s stock.

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.