StoneX Group (NASDAQ:SNEX) Chairman Sells $9,836,250.00 in Stock

StoneX Group Inc. (NASDAQ:SNEX) Chairman Sean Michael Oconnor sold 75,000 shares of StoneX Group stock in a transaction on Friday, June 12th. The shares were sold at an average price of $131.15, for a total value of $9,836,250.00. Following the transaction, the chairman owned 1,161,921 shares in the company, valued at $152,385,939.15. This represents a 6.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Monday, June 15th, Sean Michael Oconnor sold 75,000 shares of StoneX Group stock. The shares were sold at an average price of $135.42, for a total value of $10,156,500.00.
• 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 value of $9,785,073.40.

StoneX Group Price Performance

Shares of SNEX opened at $139.01 on Friday. The company has a market capitalization of $11.02 billion, a price-to-earnings ratio of 24.84 and a beta of 0.64. StoneX Group Inc. has a fifty-two week low of $53.52 and a fifty-two week high of $141.41. 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’s 50-day moving average is $112.45 and its 200-day moving average is $107.37.

StoneX Group shares are going to split before the market opens 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 posted its quarterly earnings results on Wednesday, May 6th. The company reported $2.07 EPS for the quarter, topping 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 business had revenue of $826.40 million during the quarter, compared to analysts’ expectations of $1.37 billion. Equities research analysts expect that StoneX Group Inc. will post 6 EPS for the current fiscal year.

More StoneX Group News

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

Analysts Set New Price Targets

Several analysts recently issued reports on SNEX shares. Zacks Research upgraded StoneX Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Wall Street Zen raised 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 report on Monday, March 9th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of StoneX Group in a report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $122.00.

Hedge Funds Weigh In On StoneX Group

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

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.