Philip Andrew Smith Sells 51,540 Shares of StoneX Group (NASDAQ:SNEX) Stock

StoneX Group Inc. (NASDAQ:SNEX) CEO Philip Andrew Smith sold 51,540 shares of the company’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $118.72, for a total transaction of $6,118,828.80. Following the completion of the sale, the chief executive officer directly owned 492,144 shares in the company, valued at approximately $58,427,335.68. The trade was a 9.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Philip Andrew Smith also recently made the following trade(s):

• On Friday, April 10th, Philip Andrew Smith sold 30,000 shares of StoneX Group stock. The stock was sold at an average price of $92.23, for a total transaction of $2,766,900.00.

StoneX Group Stock Performance

SNEX opened at $120.55 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 business has a fifty day simple moving average of $118.48 and a 200 day simple moving average of $109.94. StoneX Group Inc. has a 1 year low of $53.52 and a 1 year high of $141.99. The company has a market capitalization of $9.55 billion, a PE ratio of 21.54 and a beta of 0.65.

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

StoneX Group (NASDAQ:SNEX) last issued its quarterly earnings results 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 return on equity of 19.31% and a net margin of 0.30%.The company had revenue of $826.40 million for the quarter, compared to analysts’ expectations of $1.37 billion. Research analysts expect that StoneX Group Inc. will post 6 EPS for the current year.

Hedge Funds Weigh In On StoneX Group

Several institutional investors have recently added to or reduced their stakes in SNEX. Dimensional Fund Advisors LP grew its stake in shares of StoneX Group by 50.2% during the first quarter. Dimensional Fund Advisors LP now owns 2,107,795 shares of the company’s stock valued at $169,976,000 after buying an additional 704,493 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of StoneX Group by 18.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,851,468 shares of the company’s stock valued at $271,261,000 after acquiring an additional 439,771 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in shares of 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 acquiring an additional 294,203 shares during the last quarter. Bank of America Corp DE boosted its holdings in StoneX Group by 115.6% during the 1st quarter. Bank of America Corp DE now owns 464,475 shares of the company’s stock valued at $37,460,000 after acquiring an additional 249,088 shares during the period. Finally, Van Berkom & Associates Inc. boosted its holdings in StoneX Group by 21.1% during the 1st quarter. Van Berkom & Associates Inc. now owns 1,384,258 shares of the company’s stock valued at $111,640,000 after acquiring an additional 240,749 shares during the period. Institutional investors own 75.93% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Wall Street Zen upgraded StoneX Group from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. William Blair reiterated an “outperform” rating on shares of StoneX Group in a report on Monday, March 9th. Weiss Ratings upgraded StoneX Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. Finally, Zacks Research upgraded StoneX Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price 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.