Insider Selling: StoneX Group Inc. (NASDAQ:SNEX) Director Sells 1,125 Shares of Stock

StoneX Group Inc. (NASDAQ:SNEX) Director John Moore Fowler sold 1,125 shares of StoneX Group stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $87.75, for a total transaction of $98,718.75. Following the sale, the director now directly owns 116,735 shares in the company, valued at approximately $10,243,496.25. The trade was a 0.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

StoneX Group Stock Up 1.1%

NASDAQ:SNEX opened at $87.52 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.77 and a debt-to-equity ratio of 1.33. The stock’s fifty day moving average is $80.98 and its two-hundred day moving average is $74.12. StoneX Group Inc. has a 52 week low of $46.43 and a 52 week high of $97.17. The stock has a market capitalization of $4.28 billion, a price-to-earnings ratio of 10.46 and a beta of 0.63.

StoneX Group (NASDAQ:SNEX) last released its quarterly earnings results on Wednesday, May 14th. The company reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.09. StoneX Group had a return on equity of 16.83% and a net margin of 0.26%. The company had revenue of $956.00 million for the quarter, compared to analysts’ expectations of $907.30 million. Research analysts anticipate that StoneX Group Inc. will post 8.7 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Kestra Investment Management LLC purchased a new stake in shares of StoneX Group during the fourth quarter worth $31,000. Ridgewood Investments LLC increased its position in shares of StoneX Group by 50.0% during the first quarter. Ridgewood Investments LLC now owns 450 shares of the company’s stock worth $34,000 after acquiring an additional 150 shares during the period. Simplex Trading LLC purchased a new stake in shares of StoneX Group during the first quarter worth $47,000. GAMMA Investing LLC increased its position in shares of StoneX Group by 92.7% during the first quarter. GAMMA Investing LLC now owns 742 shares of the company’s stock worth $57,000 after acquiring an additional 357 shares during the period. Finally, IFP Advisors Inc increased its position in shares of StoneX Group by 74,100.0% during the first quarter. IFP Advisors Inc now owns 742 shares of the company’s stock worth $57,000 after acquiring an additional 741 shares during the period. 75.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, William Blair assumed coverage on StoneX Group in a research note on Wednesday, March 26th. They set an “outperform” rating on the stock.

StoneX Group Company Profile

StoneX Group Inc operates as a global financial services network that connects companies, organizations, traders, and investors to market ecosystem worldwide. The company operates through Commercial, Institutional, Retail, and Global Payments segments. The Commercial segment provides risk management and hedging, exchange-traded and OTC products execution and clearing, voice brokerage, market intelligence, physical trading, and commodity financing and logistics services.