Diego Rotsztain Sells 30,327 Shares of StoneX Group (NASDAQ:SNEX) Stock

StoneX Group Inc. (NASDAQ:SNEX) insider Diego Rotsztain sold 30,327 shares of the firm’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $68.83, for a total value of $2,087,407.41. Following the completion of the transaction, the insider owned 55,168 shares in the company, valued at $3,797,213.44. The trade was a 35.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Diego Rotsztain also recently made the following trade(s):

• On Wednesday, September 16th, Diego Rotsztain sold 20,298 shares of StoneX Group stock. The stock was sold at an average price of $67.13, for a total transaction of $1,362,604.74.
• On Wednesday, July 22nd, Diego Rotsztain sold 29,995 shares of StoneX Group stock. The stock was sold at an average price of $74.32, for a total transaction of $2,229,228.40.
• On Friday, July 24th, Diego Rotsztain sold 20,630 shares of StoneX Group stock. The shares were sold at an average price of $74.40, for a total transaction of $1,534,872.00.

StoneX Group Price Performance

Shares of NASDAQ:SNEX traded up $0.75 during midday trading on Wednesday, hitting $67.61. The stock had a trading volume of 682,506 shares, compared to its average volume of 1,081,764. The company’s 50-day moving average price is $71.03 and its 200-day moving average price is $72.76. StoneX Group Inc. has a fifty-two week low of $36.45 and a fifty-two week high of $94.66. The company has a quick ratio of 1.39, a current ratio of 1.82 and a debt-to-equity ratio of 1.45. The company has a market capitalization of $8.16 billion, a P/E ratio of 16.14 and a beta of 0.63.

StoneX Group (NASDAQ:SNEX) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.14. StoneX Group had a net margin of 0.33% and a return on equity of 20.18%. The business had revenue of $39.71 billion for the quarter, compared to analyst estimates of $1.32 billion. As a group, equities research analysts predict that StoneX Group Inc. will post 4.35 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. WINTON GROUP Ltd lifted its holdings in StoneX Group by 9.5% in the second quarter. WINTON GROUP Ltd now owns 81,529 shares of the company’s stock valued at $9,661,000 after buying an additional 7,078 shares during the period. Engineers Gate Manager LP acquired a new position in shares of StoneX Group in the 2nd quarter valued at about $488,000. Integrated Wealth Concepts LLC bought a new stake in StoneX Group in the second quarter worth approximately $111,000. BayBridge Capital Group LLC increased its holdings in StoneX Group by 5.3% in the second quarter. BayBridge Capital Group LLC now owns 4,166 shares of the company’s stock worth $494,000 after purchasing an additional 208 shares in the last quarter. Finally, Arizona State Retirement System lifted its stake in StoneX Group by 7.0% in the second quarter. Arizona State Retirement System now owns 19,543 shares of the company’s stock valued at $2,316,000 after buying an additional 1,272 shares during the period. 75.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Wall Street Zen downgraded StoneX Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Zacks Research upgraded StoneX Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Jefferies Financial Group downgraded StoneX Group from a “buy” rating to a “hold” rating and lowered their target price for the stock from $123.00 to $112.00 in a research note on Monday, July 20th. Finally, Weiss Ratings raised shares of StoneX Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $112.00.

About StoneX Group

StoneX Group Inc (NASDAQ: SNEX) is a global financial services company that provides execution, clearing, market-making, advisory and risk-management services across a range of markets. Its clients include commercial and industrial businesses, institutional investors, broker-dealers, asset managers, professional traders and retail investors.

The company’s offerings include futures and options trading, securities execution and clearing, foreign exchange, global payments, commodities trading and hedging, and access to physical commodities markets.