StoneX Group (NASDAQ:SNEX) CFO William Dunaway Sells 95,970 Shares

StoneX Group Inc. (NASDAQ:SNEX) CFO William Dunaway sold 95,970 shares of the company’s stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $74.33, for a total transaction of $7,133,450.10. Following the completion of the transaction, the chief financial officer owned 472,131 shares of the company’s stock, valued at $35,093,497.23. This trade represents a 16.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

StoneX Group Trading Down 0.2%

NASDAQ:SNEX opened at $74.28 on Wednesday. The company has a 50-day moving average price of $79.80 and a 200-day moving average price of $74.67. The stock has a market cap of $8.83 billion, a price-to-earnings ratio of 19.91 and a beta of 0.65. The company has a current ratio of 1.74, a quick ratio of 1.33 and a debt-to-equity ratio of 1.27. StoneX Group Inc. has a 12 month low of $35.68 and a 12 month high of $94.66.

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

More StoneX Group News

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

Analyst Ratings Changes

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

Institutional Trading of StoneX Group

Hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada increased its position in StoneX Group by 129.0% during the 1st quarter. Royal Bank of Canada now owns 77,545 shares of the company’s stock valued at $5,923,000 after buying an additional 43,678 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in shares of StoneX Group in the first quarter worth $449,000. Goldman Sachs Group Inc. increased its holdings in shares of StoneX Group by 6.5% during the first quarter. Goldman Sachs Group Inc. now owns 225,711 shares of the company’s stock valued at $17,240,000 after acquiring an additional 13,815 shares in the last quarter. United Services Automobile Association bought a new position in shares of StoneX Group during the first quarter valued at $210,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of StoneX Group by 55.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 107,125 shares of the company’s stock worth $8,182,000 after purchasing an additional 38,073 shares during the last quarter. 75.93% of the stock is owned by 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.