StoneX Group (NASDAQ:SNEX) Insider Sells $291,645.00 in Stock

StoneX Group Inc. (NASDAQ:SNEX) insider Abigail Perkins sold 4,500 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $64.81, for a total value of $291,645.00. Following the sale, the insider directly owned 96,663 shares in the company, valued at $6,264,729.03. This represents a 4.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

StoneX Group Price Performance

Shares of NASDAQ SNEX opened at $66.78 on Friday. The stock has a market capitalization of $8.06 billion, a PE ratio of 15.94 and a beta of 0.66. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.82 and a quick ratio of 1.39. The business has a fifty day moving average price of $78.89 and a two-hundred day moving average price of $74.71. StoneX Group Inc. has a fifty-two week low of $36.45 and a fifty-two week high of $94.66.

StoneX Group (NASDAQ:SNEX) last released its 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 return on equity of 20.18% and a net margin of 0.33%.The company had revenue of $718.00 million for the quarter, compared to analyst estimates of $1.32 billion. As a group, equities analysts predict that StoneX Group Inc. will post 4.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Jefferies Financial Group lowered shares of StoneX Group from a “buy” rating to a “hold” rating and decreased their target price for the company from $123.00 to $112.00 in a report on Monday, July 20th. Weiss Ratings lowered shares of StoneX Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, July 17th. Zacks Research raised shares of StoneX Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Finally, Wall Street Zen downgraded shares of StoneX Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $112.00.

Institutional Investors Weigh In On StoneX Group

Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in shares of StoneX Group during the 2nd quarter valued at approximately $1,343,877,000. Wasatch Advisors LP acquired a new stake in StoneX Group in the second quarter valued at approximately $139,730,000. Dimensional Fund Advisors LP boosted its position in StoneX Group by 50.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,107,795 shares of the company’s stock valued at $169,976,000 after buying an additional 704,493 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of StoneX Group by 18.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,851,468 shares of the company’s stock worth $271,261,000 after buying an additional 439,771 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of StoneX Group during the second quarter worth $51,254,000. 75.93% of the stock is currently owned by institutional investors and hedge funds.

StoneX Group Company Profile

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.