Sean Michael Oconnor Sells 75,000 Shares of StoneX Group (NASDAQ:SNEX) Stock

StoneX Group Inc. (NASDAQ:SNEX) Chairman Sean Michael Oconnor sold 75,000 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $135.42, for a total value of $10,156,500.00. Following the completion of the transaction, the chairman directly owned 1,086,921 shares in the company, valued at approximately $147,190,841.82. This represents a 6.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Friday, June 12th, Sean Michael Oconnor sold 75,000 shares of StoneX Group stock. The shares were sold at an average price of $131.15, for a total value of $9,836,250.00.
• 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.
• On Monday, May 18th, Sean Michael Oconnor sold 87,790 shares of StoneX Group stock. The shares were sold at an average price of $111.46, for a total value of $9,785,073.40.

StoneX Group Trading Up 0.6%

Shares of SNEX opened at $132.66 on Thursday. The company has a quick ratio of 1.33, a current ratio of 1.74 and a debt-to-equity ratio of 1.27. StoneX Group Inc. has a 12-month low of $53.52 and a 12-month high of $139.24. The firm has a market capitalization of $10.51 billion, a PE ratio of 23.70 and a beta of 0.64. The stock’s fifty day simple moving average is $111.40 and its 200-day simple moving average is $107.03.

Shares of StoneX Group are scheduled to split on the morning of Monday, July 20th. The 3-2 split was announced on Tuesday, May 26th. The newly created shares will be payable to shareholders after the market closes on Friday, July 17th.

StoneX Group (NASDAQ:SNEX) last released its earnings results on Wednesday, May 6th. The company reported $2.07 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.47. StoneX Group had a return on equity of 19.31% and a net margin of 0.30%.The firm had revenue of $826.40 million for the quarter, compared to analyst estimates of $1.37 billion. As a group, research analysts predict that StoneX Group Inc. will post 6 earnings per share for the current year.

Key Headlines Impacting StoneX Group

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

• Positive Sentiment: StoneX recently hit a new 12-month high and has been trading with strong volume, suggesting investor demand remains elevated after its sharp run. StoneX Group (NASDAQ:SNEX) Hits New 12-Month High – Should You Buy?
• Positive Sentiment: The company’s last earnings report beat EPS expectations, and recent analyst coverage continues to point to support from scale, acquisitions, AI trading tools, and global expansion. Is SNEX Stock Worth Buying After Its Sharp Run and Richer Valuation?
• Neutral Sentiment: StoneX announced a 3-for-2 stock split scheduled for July 20, which may improve liquidity and trading interest, but does not change the company’s underlying value. StoneX Group insider trades page
• Negative Sentiment: Several insiders sold shares over the past few days, including Chairman Sean Michael O’Connor, CFO William Dunaway, President Charles M. Lyon, Director Annabelle Bexiga, and Mark Lowry Maurer. While some sales were under 10b5-1 plans, the cluster of insider selling may temper sentiment after the recent rally. SEC filing

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Royal Bank of Canada raised its holdings in shares of StoneX Group by 129.0% in the 1st quarter. Royal Bank of Canada now owns 77,545 shares of the company’s stock valued at $5,923,000 after purchasing an additional 43,678 shares during the period. NewEdge Advisors LLC bought a new position in shares of StoneX Group during the 1st quarter worth approximately $449,000. Goldman Sachs Group Inc. boosted its stake in shares of StoneX Group by 6.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 225,711 shares of the company’s stock worth $17,240,000 after acquiring an additional 13,815 shares during the period. United Services Automobile Association bought a new position in shares of StoneX Group during the 1st quarter worth approximately $210,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of StoneX Group by 55.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 107,125 shares of the company’s stock worth $8,182,000 after acquiring an additional 38,073 shares during the period. 75.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SNEX shares. Weiss Ratings restated a “buy (b-)” rating on shares of StoneX Group in a report on Friday, May 22nd. Wall Street Zen upgraded StoneX Group from a “hold” rating to a “buy” rating in a report on Sunday, April 5th. Zacks Research upgraded StoneX Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Finally, William Blair reiterated an “outperform” rating on shares of StoneX Group in a report on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $122.00.

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.