Annabelle Bexiga Sells 1,000 Shares of StoneX Group (NASDAQ:SNEX) Stock

StoneX Group Inc. (NASDAQ:SNEX) Director Annabelle Bexiga sold 1,000 shares of the business’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $106.54, for a total value of $106,540.00. Following the completion of the transaction, the director directly owned 16,459 shares of the company’s stock, valued at approximately $1,753,541.86. This trade represents a 5.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

StoneX Group Stock Down 3.8%

Shares of NASDAQ:SNEX opened at $104.49 on Thursday. The company has a quick ratio of 1.34, a current ratio of 1.80 and a debt-to-equity ratio of 1.34. The company has a market capitalization of $5.48 billion, a P/E ratio of 15.60 and a beta of 0.42. StoneX Group Inc. has a 52-week low of $65.00 and a 52-week high of $132.57. The stock’s fifty day simple moving average is $115.19 and its 200-day simple moving average is $102.34.

Shares of StoneX Group are going 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 issued to shareholders after the market closes on Tuesday, March 10th.

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

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Jefferies Financial Group lifted their target price on shares of StoneX Group from $99.00 to $122.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. William Blair restated an “outperform” rating on shares of StoneX Group in a report on Monday, March 9th. Zacks Research raised StoneX Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Wall Street Zen upgraded StoneX Group from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Finally, Weiss Ratings upgraded StoneX Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $122.00.

Hedge Funds Weigh In On StoneX Group

A number of large investors have recently bought and sold shares of SNEX. Private Trust Co. NA grew its stake in shares of StoneX Group by 2,109.1% during the 3rd quarter. Private Trust Co. NA now owns 243 shares of the company’s stock valued at $25,000 after buying an additional 232 shares during the period. Cornerstone Planning Group LLC raised its position in shares of StoneX Group by 4,133.3% in the 3rd quarter. Cornerstone Planning Group LLC now owns 254 shares of the company’s stock worth $26,000 after buying an additional 248 shares during the period. Cullen Frost Bankers Inc. boosted its holdings in StoneX Group by 1,100.0% in the third quarter. Cullen Frost Bankers Inc. now owns 264 shares of the company’s stock valued at $27,000 after acquiring an additional 242 shares during the last quarter. AlphaQuest LLC grew its position 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 acquiring an additional 280 shares during the period. Finally, Salomon & Ludwin LLC purchased a new stake in StoneX Group during the third quarter valued at about $37,000. Hedge funds and other 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.