StoneX Group (NASDAQ:SNEX) Issues Quarterly Earnings Results

StoneX Group (NASDAQ:SNEX) announced its quarterly earnings data on Wednesday. The company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.14, FiscalAI reports. The company had revenue of $718.00 million during the quarter, compared to the consensus estimate of $1.32 billion. StoneX Group had a return on equity of 19.31% and a net margin of 0.30%.

StoneX Group Trading Up 1.1%

NASDAQ SNEX traded up $0.79 during trading on Wednesday, reaching $76.02. 949,612 shares of the stock traded hands, compared to its average volume of 1,082,653. The stock’s 50-day moving average price is $79.86 and its 200 day moving average price is $74.95. The company has a quick ratio of 1.33, a current ratio of 1.74 and a debt-to-equity ratio of 1.27. The firm has a market cap of $9.04 billion, a price-to-earnings ratio of 20.37 and a beta of 0.66. StoneX Group has a fifty-two week low of $35.68 and a fifty-two week high of $94.66.

Insider Activity

In related news, Chairman Sean Michael Oconnor sold 210,105 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $73.54, for a total value of $15,451,121.70. Following the completion of the sale, the chairman owned 1,855,381 shares in the company, valued at $136,444,718.74. This represents a 10.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO William J. Dunaway sold 96,025 shares of StoneX Group stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $73.64, for a total value of $7,071,281.00. Following the transaction, the chief financial officer owned 410,379 shares in the company, valued at approximately $30,220,309.56. This represents a 18.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,455,027 shares of company stock valued at $114,078,877 in the last quarter. Company insiders own 11.79% of the company’s stock.

Institutional Investors Weigh In On StoneX Group

Several large investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD lifted its holdings in shares of StoneX Group by 18.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,851,468 shares of the company’s stock valued at $271,261,000 after purchasing an additional 439,771 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in StoneX Group by 24.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,499,292 shares of the company’s stock valued at $142,628,000 after acquiring an additional 294,203 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of StoneX Group by 141.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 387,274 shares of the company’s stock worth $36,841,000 after acquiring an additional 226,961 shares in the last quarter. Boston Partners lifted its position in shares of StoneX Group by 41.8% in the fourth quarter. Boston Partners now owns 592,635 shares of the company’s stock worth $57,147,000 after purchasing an additional 174,594 shares in the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new position in StoneX Group during the fourth quarter worth $15,015,000. Institutional investors own 75.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SNEX. Jefferies Financial Group downgraded shares of StoneX Group from a “buy” rating to a “hold” rating and decreased their price target for the stock from $123.00 to $112.00 in a research note on Monday, July 20th. Weiss Ratings cut shares of StoneX Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, July 17th. Finally, Zacks Research lowered StoneX Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, StoneX Group presently has an average rating of “Moderate Buy” and a consensus price target of $112.00.

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.