StoneX Group Inc. (NASDAQ:SNEX) Insider Sells $902,723.40 in Stock

StoneX Group Inc. (NASDAQ:SNEX) insider Abigail H. Perkins sold 10,470 shares of the stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $86.22, for a total value of $902,723.40. Following the completion of the sale, the insider now owns 43,913 shares of the company’s stock, valued at approximately $3,786,178.86. This trade represents a 19.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

StoneX Group Stock Down 1.2%

Shares of SNEX stock opened at $84.67 on Friday. The stock’s 50-day simple moving average is $85.90 and its 200-day simple moving average is $77.50. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.35 and a current ratio of 1.91. The firm has a market capitalization of $4.14 billion, a PE ratio of 14.34 and a beta of 0.53. StoneX Group Inc. has a fifty-two week low of $47.46 and a fifty-two week high of $97.17.

StoneX Group (NASDAQ:SNEX) last announced its quarterly earnings data on Wednesday, May 14th. The company reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.09. The business had revenue of $956.00 million for the quarter, compared to analyst estimates of $907.30 million. StoneX Group had a return on equity of 17.03% and a net margin of 0.24%. Equities analysts expect that StoneX Group Inc. will post 8.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, William Blair began coverage on StoneX Group in a research note on Wednesday, March 26th. They issued an “outperform” rating for the company.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Summit Investment Advisors Inc. grew its holdings in StoneX Group by 4.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,895 shares of the company’s stock worth $284,000 after acquiring an additional 119 shares during the period. Illinois Municipal Retirement Fund grew its holdings in StoneX Group by 0.9% during the fourth quarter. Illinois Municipal Retirement Fund now owns 15,232 shares of the company’s stock worth $1,492,000 after acquiring an additional 132 shares during the period. Ridgewood Investments LLC grew its holdings in 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. Focus Partners Wealth grew its holdings in StoneX Group by 2.1% during the fourth quarter. Focus Partners Wealth now owns 8,109 shares of the company’s stock worth $794,000 after acquiring an additional 164 shares during the period. Finally, Smartleaf Asset Management LLC grew its holdings in StoneX Group by 25.2% during the first quarter. Smartleaf Asset Management LLC now owns 821 shares of the company’s stock worth $62,000 after acquiring an additional 165 shares during the period. 75.93% of the stock is owned by institutional investors and hedge funds.

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.