StoneX Group (NASDAQ:SNEX) Chairman Sells $7,799,744.22 in Stock

StoneX Group Inc. (NASDAQ:SNEX) Chairman Sean Michael Oconnor sold 104,934 shares of the firm’s stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of $74.33, for a total transaction of $7,799,744.22. Following the completion of the transaction, the chairman directly owned 1,750,447 shares in the company, valued at approximately $130,110,725.51. This represents a 5.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, June 15th, Sean Michael Oconnor sold 112,500 shares of StoneX Group stock. The stock was sold at an average price of $90.28, for a total transaction of $10,156,500.00.
• On Friday, June 12th, Sean Michael Oconnor sold 112,500 shares of StoneX Group stock. The shares were sold at an average price of $87.43, for a total value of $9,836,250.00.
• On Tuesday, May 19th, Sean Michael Oconnor sold 108,210 shares of StoneX Group stock. The shares were sold at an average price of $73.29, for a total value of $7,931,071.60.
• On Friday, May 15th, Sean Michael Oconnor sold 210,105 shares of StoneX Group stock. The stock was sold at an average price of $73.54, for a total value of $15,451,121.70.
• On Monday, May 18th, Sean Michael Oconnor sold 131,685 shares of StoneX Group stock. The stock was sold at an average price of $74.31, for a total value of $9,785,073.40.

StoneX Group Price Performance

SNEX stock opened at $77.62 on Friday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.33 and a current ratio of 1.74. StoneX Group Inc. has a 1 year low of $35.68 and a 1 year high of $94.66. The firm has a market cap of $9.23 billion, a P/E ratio of 20.80 and a beta of 0.65. The stock has a 50-day simple moving average of $79.79 and a 200-day simple moving average of $74.75.

StoneX Group (NASDAQ:SNEX) last released its quarterly earnings results on Wednesday, May 6th. The company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.07 by $0.31. The firm had revenue of $826.40 million for the quarter, compared to analyst estimates of $1.37 billion. StoneX Group had a return on equity of 19.31% and a net margin of 0.30%. On average, equities analysts predict that StoneX Group Inc. will post 4 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Hedge Funds Weigh In On StoneX Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. Choreo LLC increased its position in shares of StoneX Group by 4.5% in the 4th quarter. Choreo LLC now owns 2,764 shares of the company’s stock worth $270,000 after purchasing an additional 118 shares during the last quarter. Lido Advisors LLC lifted its position in shares of StoneX Group by 3.2% during the fourth quarter. Lido Advisors LLC now owns 4,050 shares of the company’s stock worth $403,000 after purchasing an additional 125 shares during the last quarter. Maryland State Retirement & Pension System grew its stake in StoneX Group by 2.2% in the fourth quarter. Maryland State Retirement & Pension System now owns 6,818 shares of the company’s stock worth $649,000 after purchasing an additional 144 shares in the last quarter. Sterling Capital Management LLC grew its stake in StoneX Group by 48.7% in the first quarter. Sterling Capital Management LLC now owns 476 shares of the company’s stock worth $38,000 after purchasing an additional 156 shares in the last quarter. Finally, Corient Private Wealth LLC increased its holdings in StoneX Group by 5.8% in the fourth quarter. Corient Private Wealth LLC now owns 2,993 shares of the company’s stock valued at $285,000 after buying an additional 163 shares during the last quarter. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

About StoneX Group

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.