Insider Selling: StoneX Group (NASDAQ:SNEX) CFO Sells $8,342,038.32 in Stock

StoneX Group Inc. (NASDAQ:SNEX) CFO William Dunaway sold 63,602 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $131.16, for a total value of $8,342,038.32. Following the completion of the transaction, the chief financial officer directly owned 294,359 shares of the company’s stock, valued at $38,608,126.44. This represents a 17.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

StoneX Group Stock Performance

Shares of SNEX stock opened at $132.66 on Thursday. The business’s 50 day simple moving average is $111.40 and its 200 day simple moving average is $107.03. StoneX Group Inc. has a one year low of $53.52 and a one year high of $139.24. The stock has a market capitalization of $10.51 billion, a PE ratio of 23.70 and a beta of 0.64. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.74 and a quick ratio of 1.33.

Shares of StoneX Group are going to split before the market opens on Monday, July 20th. The 3-2 split was announced on Tuesday, May 26th. The newly issued shares will be payable to shareholders after the market closes on Friday, July 17th.

StoneX Group (NASDAQ:SNEX) last announced its earnings results on Wednesday, May 6th. The company reported $2.07 EPS for the quarter, beating the consensus estimate of $1.60 by $0.47. 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. As a group, research analysts forecast that StoneX Group Inc. will post 6 earnings per share for the current year.

Hedge Funds Weigh In On StoneX Group

A number of institutional investors and hedge funds have recently modified their holdings of SNEX. AlphaQuest LLC boosted its holdings in shares of StoneX Group by 28,000.0% during the 3rd quarter. AlphaQuest LLC now owns 281 shares of the company’s stock worth $28,000 after buying an additional 280 shares in the last quarter. Cassaday & Co Wealth Management LLC bought a new position in shares of StoneX Group during the 1st quarter worth approximately $34,000. Sterling Capital Management LLC boosted its holdings in shares of StoneX Group by 48.8% during the 1st quarter. Sterling Capital Management LLC now owns 476 shares of the company’s stock worth $38,000 after buying an additional 156 shares in the last quarter. Transamerica Financial Advisors LLC boosted its holdings in shares of StoneX Group by 183.0% during the 4th quarter. Transamerica Financial Advisors LLC now owns 433 shares of the company’s stock worth $41,000 after buying an additional 280 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in shares of StoneX Group during the 4th quarter worth approximately $50,000. 75.93% of the stock is currently owned by institutional investors.

Trending Headlines about StoneX Group

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

• Positive Sentiment: StoneX recently hit a new 12-month high and has been trading with strong volume, suggesting investor demand remains elevated after its sharp run. StoneX Group (NASDAQ:SNEX) Hits New 12-Month High – Should You Buy?
• Positive Sentiment: The company’s last earnings report beat EPS expectations, and recent analyst coverage continues to point to support from scale, acquisitions, AI trading tools, and global expansion. Is SNEX Stock Worth Buying After Its Sharp Run and Richer Valuation?
• Neutral Sentiment: StoneX announced a 3-for-2 stock split scheduled for July 20, which may improve liquidity and trading interest, but does not change the company’s underlying value. StoneX Group insider trades page
• Negative Sentiment: Several insiders sold shares over the past few days, including Chairman Sean Michael O’Connor, CFO William Dunaway, President Charles M. Lyon, Director Annabelle Bexiga, and Mark Lowry Maurer. While some sales were under 10b5-1 plans, the cluster of insider selling may temper sentiment after the recent rally. SEC filing

Wall Street Analyst Weigh In

Several brokerages recently commented on SNEX. Weiss Ratings reiterated a “buy (b-)” rating on shares of StoneX Group in a report on Friday, May 22nd. William Blair reiterated an “outperform” rating on shares of StoneX Group in a report on Monday, March 9th. Zacks Research upgraded StoneX Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Finally, Wall Street Zen upgraded StoneX Group from a “hold” rating to a “buy” rating in a report on Sunday, April 5th. 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 target price of $122.00.

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.