StoneX Group (NASDAQ:SNEX) Shares Gap Down – Time to Sell?

StoneX Group Inc. (NASDAQ:SNEX)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $97.62, but opened at $95.19. StoneX Group shares last traded at $95.3380, with a volume of 8,113 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SNEX. Weiss Ratings reissued a “hold (c+)” rating on shares of StoneX Group in a research report on Monday. Zacks Research lowered StoneX Group from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold”.

StoneX Group Stock Up 1.3%

The company has a market cap of $5.03 billion, a price-to-earnings ratio of 16.34 and a beta of 0.46. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.72 and a quick ratio of 1.35. The firm has a 50-day moving average price of $92.41 and a 200 day moving average price of $94.37.

StoneX Group (NASDAQ:SNEX) last released its quarterly earnings results on Monday, November 24th. The company reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.58 by ($0.01). StoneX Group had a net margin of 0.23% and a return on equity of 15.27%. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the firm earned $2.32 earnings per share. Sell-side analysts predict that StoneX Group Inc. will post 8.7 EPS for the current year.

Insiders Place Their Bets

In other StoneX Group news, Chairman John Radziwill purchased 1,000 shares of the company’s stock in a transaction dated Tuesday, December 16th. The stock was bought at an average cost of $97.25 per share, for a total transaction of $97,250.00. Following the completion of the transaction, the chairman owned 101,596 shares in the company, valued at approximately $9,880,211. This represents a 0.99% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, insider Diego Rotsztain sold 2,029 shares of the business’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $94.50, for a total value of $191,740.50. Following the completion of the sale, the insider owned 15,498 shares of the company’s stock, valued at approximately $1,464,561. This trade represents a 11.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 6,979 shares of company stock worth $659,070 in the last quarter. 11.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On StoneX Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc grew its holdings in shares of StoneX Group by 302.2% during the 3rd quarter. IFP Advisors Inc now owns 2,180 shares of the company’s stock worth $232,000 after purchasing an additional 1,638 shares in the last quarter. Swiss Life Asset Management Ltd bought a new stake in StoneX Group during the third quarter worth about $210,000. JPMorgan Chase & Co. grew its stake in 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 buying an additional 146,065 shares in the last quarter. CIBC Private Wealth Group LLC acquired a new stake in StoneX Group during the third quarter worth about $128,000. Finally, CIBC Bancorp USA Inc. bought a new position in StoneX Group in the 3rd quarter valued at about $494,000. 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.