William Dunaway Sells 96,490 Shares of StoneX Group (NASDAQ:SNEX) Stock

StoneX Group Inc. (NASDAQ:SNEX) CFO William Dunaway sold 96,490 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $66.35, for a total transaction of $6,402,111.50. Following the completion of the transaction, the chief financial officer directly owned 502,203 shares in the company, valued at approximately $33,321,169.05. The trade was a 16.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

StoneX Group Stock Down 2.9%

Shares of NASDAQ:SNEX opened at $66.40 on Wednesday. The company has a market capitalization of $8.01 billion, a PE ratio of 15.85 and a beta of 0.66. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.39 and a current ratio of 1.82. The company has a 50 day moving average price of $78.19 and a two-hundred day moving average price of $74.61. StoneX Group Inc. has a 52 week low of $36.45 and a 52 week high of $94.66.

StoneX Group (NASDAQ:SNEX) last issued its quarterly earnings data 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. The company had revenue of $718.00 million during the quarter, compared to the consensus estimate of $1.32 billion. StoneX Group had a net margin of 0.33% and a return on equity of 20.18%. Analysts forecast that StoneX Group Inc. will post 4.35 earnings per share for the current year.

Analyst Ratings Changes

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

Institutional Trading of StoneX Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. bought a new position in StoneX Group in the second quarter worth about $1,343,877,000. Wasatch Advisors LP bought a new position in shares of StoneX Group during the 2nd quarter worth approximately $139,730,000. Dimensional Fund Advisors LP boosted its stake 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 acquiring an additional 704,493 shares in the last quarter. Punch & Associates Investment Management Inc. acquired a new stake in StoneX Group in the second quarter valued at approximately $82,250,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in 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 worth $271,261,000 after purchasing an additional 439,771 shares during the last quarter. Institutional investors own 75.93% of the company’s stock.

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.