StoneX Group (NASDAQ:SNEX) Insider Mark Lowry Maurer Sells 50,528 Shares

StoneX Group Inc. (NASDAQ:SNEX) insider Mark Maurer sold 50,528 shares of the stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $67.02, for a total transaction of $3,386,386.56. Following the completion of the transaction, the insider directly owned 203,244 shares of the company’s stock, valued at approximately $13,621,412.88. The trade was a 19.91% decrease in their position. The sale was disclosed in a legal filing 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.

Mark Lowry Maurer also recently made the following trade(s):

• On Monday, September 14th, Mark Maurer sold 52,564 shares of StoneX Group stock. The stock was sold at an average price of $68.83, for a total transaction of $3,617,980.12.
• On Friday, August 7th, Mark Maurer sold 52,648 shares of StoneX Group stock. The stock was sold at an average price of $66.25, for a total transaction of $3,487,930.00.
• On Wednesday, July 22nd, Mark Maurer sold 52,376 shares of StoneX Group stock. The shares were sold at an average price of $74.32, for a total value of $3,892,584.32.

StoneX Group Price Performance

Shares of NASDAQ SNEX traded down $1.67 during mid-day trading on Tuesday, hitting $66.86. 785,378 shares of the stock traded hands, compared to its average volume of 729,910. The company has a market cap of $8.06 billion, a PE ratio of 15.96 and a beta of 0.63. StoneX Group Inc. has a twelve month low of $36.45 and a twelve month high of $94.66. 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 firm has a 50 day simple moving average of $71.03 and a two-hundred day simple moving average of $72.76.

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

Institutional Trading of StoneX Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. WINTON GROUP Ltd increased its position in shares of StoneX Group by 9.5% during the second quarter. WINTON GROUP Ltd now owns 81,529 shares of the company’s stock worth $9,661,000 after buying an additional 7,078 shares during the period. Engineers Gate Manager LP acquired a new position in StoneX Group in the second quarter valued at $488,000. Integrated Wealth Concepts LLC bought a new stake in StoneX Group during the second quarter valued at $111,000. BayBridge Capital Group LLC boosted its position in StoneX Group by 5.3% during the second quarter. BayBridge Capital Group LLC now owns 4,166 shares of the company’s stock valued at $494,000 after acquiring an additional 208 shares during the last quarter. Finally, Arizona State Retirement System grew its holdings in StoneX Group by 7.0% during the 2nd quarter. Arizona State Retirement System now owns 19,543 shares of the company’s stock worth $2,316,000 after acquiring an additional 1,272 shares during the period. Institutional investors and hedge funds own 75.93% of the company’s stock.

Wall Street Analyst Weigh In

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