StoneX Group (NASDAQ:SNEX) Insider Abigail Perkins Sells 8,919 Shares of Stock

StoneX Group Inc. (NASDAQ:SNEX) insider Abigail Perkins sold 8,919 shares of the business’s stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $70.43, for a total transaction of $628,165.17. Following the transaction, the insider owned 96,663 shares in the company, valued at $6,807,975.09. This represents a 8.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

StoneX Group Price Performance

SNEX stock opened at $74.28 on Wednesday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.74 and a quick ratio of 1.33. StoneX Group Inc. has a 1 year low of $35.68 and a 1 year high of $94.66. The firm has a 50-day moving average of $79.80 and a 200 day moving average of $74.67. The company has a market cap of $8.83 billion, a P/E ratio of 19.91 and a beta of 0.65.

StoneX Group (NASDAQ:SNEX) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.31. StoneX Group had a return on equity of 19.31% and a net margin of 0.30%.The business had revenue of $826.40 million for the quarter, compared to analysts’ expectations of $1.37 billion. On average, sell-side analysts forecast that StoneX Group Inc. will post 4 EPS for the current year.

Key Headlines Impacting StoneX Group

Here are the key news stories impacting StoneX Group this week:

• Neutral Sentiment: CEO Philip Andrew Smith sold 45,000 shares for approximately $3.34 million, while CFO William J. Dunaway sold 95,970 shares for about $7.13 million. Both retained sizable stakes following the transactions. CEO transaction filing CFO transaction filing
• Neutral Sentiment: Chairman Sean Michael Oconnor sold 104,934 shares for approximately $7.80 million but continued to own about 1.75 million shares directly. Other insider sales included 52,376 shares by Mark Lowry Maurer and 29,995 shares by Diego Rotsztain. Chairman transaction filing
• Negative Sentiment: The concentration of insider selling—particularly by senior leadership—can be interpreted as a short-term confidence concern and may contribute to the stock’s recent decrease. However, the scheduled nature of the transactions reduces the likelihood that the sales reflect newly formed negative views about StoneX’s business or outlook. Insider transaction filing

Hedge Funds Weigh In On StoneX Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Bessemer Group Inc. grew its stake in shares of StoneX Group by 1,562.1% in the 4th quarter. Bessemer Group Inc. now owns 164,249 shares of the company’s stock worth $15,626,000 after buying an additional 154,367 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in StoneX Group by 18,363.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 26,772 shares of the company’s stock valued at $2,547,000 after buying an additional 26,627 shares in the last quarter. Leuthold Group LLC raised its stake in StoneX Group by 834.0% during the fourth quarter. Leuthold Group LLC now owns 30,487 shares of the company’s stock valued at $2,900,000 after buying an additional 27,223 shares during the last quarter. Vanguard Group Inc. raised its stake in StoneX Group by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 4,031,545 shares of the company’s stock valued at $383,521,000 after buying an additional 11,240 shares during the last quarter. Finally, Concurrent Investment Advisors LLC boosted its holdings in StoneX Group by 31.2% in the fourth quarter. Concurrent Investment Advisors LLC now owns 12,457 shares of the company’s stock worth $1,185,000 after acquiring an additional 2,960 shares in the last quarter. Institutional investors own 75.93% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SNEX. Zacks Research lowered StoneX Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Jefferies Financial Group downgraded StoneX Group from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $123.00 to $112.00 in a report on Monday, July 20th. Wall Street Zen raised StoneX Group from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. Finally, Weiss Ratings cut shares of StoneX Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, July 17th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, StoneX Group currently has a consensus rating of “Moderate Buy” and an average target price of $112.00.

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.