Insider Selling: StoneX Group (NASDAQ:SNEX) Insider Sells $4,995,200.00 in Stock

StoneX Group Inc. (NASDAQ:SNEX) insider Mark Lowry Maurer sold 40,000 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $124.88, for a total value of $4,995,200.00. Following the transaction, the insider owned 90,331 shares in the company, valued at $11,280,535.28. This trade represents a 30.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

StoneX Group Price Performance

Shares of NASDAQ SNEX opened at $127.42 on Friday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.34 and a current ratio of 1.80. The firm has a fifty day moving average of $105.44 and a 200 day moving average of $98.49. The firm has a market cap of $6.68 billion, a PE ratio of 19.02 and a beta of 0.45. StoneX Group Inc. has a one year low of $65.00 and a one year high of $130.35.

Shares of StoneX Group are set to split on the morning of Monday, March 23rd. The 3-2 split was announced on Thursday, February 5th. The newly minted shares will be payable to shareholders after the market closes on Tuesday, March 10th.

StoneX Group (NASDAQ:SNEX) last announced its earnings results on Wednesday, February 4th. The company reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.06 by $0.44. StoneX Group had a net margin of 0.25% and a return on equity of 16.43%. The business had revenue of $724.00 million for the quarter, compared to analyst estimates of $1.24 billion. As a group, research analysts predict that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.

Analysts Set New Price Targets

SNEX has been the topic of several research reports. Jefferies Financial Group raised their target price on StoneX Group from $99.00 to $122.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Weiss Ratings reissued a “hold (c+)” rating on shares of StoneX Group in a research report on Monday, December 29th. Wall Street Zen upgraded StoneX Group from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Finally, Zacks Research raised StoneX Group from a “hold” rating to a “strong-buy” rating in a report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $122.00.

Hedge Funds Weigh In On StoneX Group

Several hedge funds have recently added to or reduced their stakes in SNEX. Private Trust Co. NA lifted its holdings in shares of StoneX Group by 2,109.1% in the third quarter. Private Trust Co. NA now owns 243 shares of the company’s stock valued at $25,000 after purchasing an additional 232 shares in the last quarter. Cornerstone Planning Group LLC increased its stake in shares of StoneX Group by 4,133.3% during the 3rd quarter. Cornerstone Planning Group LLC now owns 254 shares of the company’s stock worth $26,000 after purchasing an additional 248 shares in the last quarter. Cullen Frost Bankers Inc. raised its position in shares of StoneX Group by 1,100.0% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 264 shares of the company’s stock worth $27,000 after purchasing an additional 242 shares during the last quarter. AlphaQuest LLC lifted its stake in StoneX Group by 28,000.0% in the 3rd 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. Finally, Salomon & Ludwin LLC purchased a new stake in StoneX Group in the 3rd quarter valued at approximately $37,000. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

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.