StoneX Group (NASDAQ:SNEX) Chairman Sells $9,785,073.40 in Stock

StoneX Group Inc. (NASDAQ:SNEXGet Free Report) Chairman Sean Michael Oconnor sold 87,790 shares of StoneX Group stock in a transaction on Monday, May 18th. The shares were sold at an average price of $111.46, for a total value of $9,785,073.40. Following the sale, the chairman directly owned 1,236,921 shares of the company’s stock, valued at approximately $137,867,214.66. The trade was a 6.63% decrease in their position. The transaction 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.

Sean Michael Oconnor also recently made the following trade(s):

  • On Tuesday, May 19th, Sean Michael Oconnor sold 72,140 shares of StoneX Group stock. The shares were sold at an average price of $109.94, for a total value of $7,931,071.60.
  • On Friday, May 15th, Sean Michael Oconnor sold 140,070 shares of StoneX Group stock. The shares were sold at an average price of $110.31, for a total value of $15,451,121.70.

StoneX Group Price Performance

SNEX opened at $112.42 on Friday. StoneX Group Inc. has a 1 year low of $53.52 and a 1 year high of $125.42. The stock has a fifty day moving average price of $100.40 and a 200 day moving average price of $102.80. The stock has a market cap of $8.91 billion, a price-to-earnings ratio of 20.09 and a beta of 0.64. The company has a current ratio of 1.74, a quick ratio of 1.33 and a debt-to-equity ratio of 1.27.

StoneX Group (NASDAQ:SNEXGet Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $2.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.47. StoneX Group had a return on equity of 19.31% and a net margin of 0.30%.The company had revenue of $826.40 million during the quarter, compared to analysts’ expectations of $1.37 billion. Analysts forecast that StoneX Group Inc. will post 6 EPS for the current fiscal year.

StoneX Group News Summary

Here are the key news stories impacting StoneX Group this week:

Analysts Set New Price Targets

SNEX has been the subject of a number of analyst reports. Wall Street Zen raised StoneX Group from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. Jefferies Financial Group boosted their price target on StoneX Group from $99.00 to $122.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. William Blair reaffirmed an “outperform” rating on shares of StoneX Group in a research report on Monday, March 9th. Weiss Ratings raised StoneX Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. Finally, Zacks Research raised StoneX Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $122.00.

Check Out Our Latest Analysis on SNEX

Hedge Funds Weigh In On StoneX Group

Large investors have recently made changes to their positions in the business. Cornerstone Planning Group LLC lifted its position in shares of StoneX Group by 4,133.3% during the 3rd quarter. Cornerstone Planning Group LLC now owns 254 shares of the company’s stock worth $26,000 after purchasing an additional 248 shares during the last quarter. Cullen Frost Bankers Inc. lifted its position in shares of StoneX Group by 1,100.0% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 264 shares of the company’s stock worth $27,000 after purchasing an additional 242 shares during the last quarter. AlphaQuest LLC lifted its position in shares of StoneX Group by 28,000.0% during the 3rd quarter. AlphaQuest LLC now owns 281 shares of the company’s stock worth $28,000 after purchasing an additional 280 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in shares of StoneX Group during the 1st quarter worth about $34,000. Finally, Transamerica Financial Advisors LLC grew its position in StoneX Group by 183.0% in the 4th quarter. Transamerica Financial Advisors LLC now owns 433 shares of the company’s stock worth $41,000 after purchasing an additional 280 shares during the last quarter. Institutional investors and hedge funds own 75.93% of the company’s stock.

StoneX Group Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for StoneX Group (NASDAQ:SNEX)

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