StoneX Group (NASDAQ:SNEX) Insider Sells $3,892,584.32 in Stock

StoneX Group Inc. (NASDAQ:SNEX) insider Mark Lowry Maurer sold 52,376 shares of StoneX Group stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $74.32, for a total value of $3,892,584.32. Following the sale, the insider directly owned 220,240 shares in the company, valued at approximately $16,368,236.80. This trade represents a 19.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, June 16th, Mark Lowry Maurer sold 17,313 shares of StoneX Group stock. The shares were sold at an average price of $89.09, for a total value of $1,542,357.46.
• On Monday, June 15th, Mark Lowry Maurer sold 52,059 shares of StoneX Group stock. The shares were sold at an average price of $90.21, for a total value of $4,696,068.86.

StoneX Group Price Performance

Shares of SNEX stock opened at $77.62 on Friday. StoneX Group Inc. has a 12 month low of $35.68 and a 12 month high of $94.66. The company has a market capitalization of $9.23 billion, a P/E ratio of 20.80 and a beta of 0.65. The stock has a 50 day moving average of $79.79 and a two-hundred day moving average of $74.75. 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:SNEX) last released its quarterly earnings data on Wednesday, May 6th. The company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.31. The business had revenue of $826.40 million for the quarter, compared to analysts’ expectations of $1.37 billion. StoneX Group had a return on equity of 19.31% and a net margin of 0.30%. As a group, equities analysts expect that StoneX Group Inc. will post 4 EPS for the current year.

Analyst Upgrades and Downgrades

SNEX has been the subject of a number of analyst reports. Weiss Ratings downgraded shares of StoneX Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, July 17th. Jefferies Financial Group cut shares of StoneX Group from a “buy” rating to a “hold” rating and lowered their target price for the company from $123.00 to $112.00 in a research note on Monday, July 20th. Zacks Research lowered shares of StoneX Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Wall Street Zen raised shares of StoneX Group from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $112.00.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SNEX. Choreo LLC raised its stake in shares of StoneX Group by 4.5% in the fourth quarter. Choreo LLC now owns 2,764 shares of the company’s stock worth $270,000 after acquiring an additional 118 shares during the last quarter. Lido Advisors LLC lifted its position in shares of StoneX Group by 3.2% during the fourth quarter. Lido Advisors LLC now owns 4,050 shares of the company’s stock worth $403,000 after purchasing an additional 125 shares in the last quarter. Maryland State Retirement & Pension System grew its stake in shares of StoneX Group by 2.2% during the fourth quarter. Maryland State Retirement & Pension System now owns 6,818 shares of the company’s stock valued at $649,000 after purchasing an additional 144 shares during the last quarter. Sterling Capital Management LLC grew its stake in shares of StoneX Group by 48.7% during the first quarter. Sterling Capital Management LLC now owns 476 shares of the company’s stock valued at $38,000 after purchasing an additional 156 shares during the last quarter. Finally, Corient Private Wealth LLC increased its holdings in shares of StoneX Group by 5.8% in the fourth quarter. Corient Private Wealth LLC now owns 2,993 shares of the company’s stock valued at $285,000 after purchasing an additional 163 shares in the last quarter. 75.93% of the stock is owned by institutional investors.

About StoneX Group

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.