Insider Selling: StoneX Group (NASDAQ:SNEX) Director Sells 1,500 Shares of Stock

StoneX Group Inc. (NASDAQ:SNEX) Director Annabelle Bexiga sold 1,500 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $112.82, for a total value of $169,230.00. Following the sale, the director owned 21,688 shares in the company, valued at $2,446,840.16. The trade was a 6.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

StoneX Group Price Performance

NASDAQ SNEX traded up $0.59 during trading hours on Monday, reaching $110.80. 578,139 shares of the stock traded hands, compared to its average volume of 685,458. The company has a market cap of $8.78 billion, a price-to-earnings ratio of 19.80 and a beta of 0.64. The stock has a 50 day simple moving average of $100.35 and a two-hundred day simple moving average of $102.30. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.74 and a quick ratio of 1.33. StoneX Group Inc. has a 1 year low of $53.52 and a 1 year high of $125.42.

StoneX Group (NASDAQ:SNEX) last released its quarterly earnings data on Wednesday, May 6th. The company reported $2.07 EPS for the quarter, topping the consensus estimate of $1.60 by $0.47. The firm had revenue of $826.40 million for the quarter, compared to the consensus estimate of $1.37 billion. StoneX Group had a return on equity of 19.31% and a net margin of 0.30%. On average, analysts predict that StoneX Group Inc. will post 6 EPS for the current fiscal year.

Institutional Trading of StoneX Group

Several large investors have recently bought and sold shares of SNEX. Cornerstone Planning Group LLC boosted its position in shares of StoneX Group by 4,133.3% in 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 in the last quarter. Cullen Frost Bankers Inc. boosted its position in shares of StoneX Group by 1,100.0% in 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 in the last quarter. AlphaQuest LLC boosted its position in shares of StoneX Group by 28,000.0% in the 3rd quarter. AlphaQuest LLC now owns 281 shares of the company’s stock worth $28,000 after purchasing an additional 280 shares in the last quarter. Cassaday & Co Wealth Management LLC bought a new stake in shares of StoneX Group in the 1st quarter worth approximately $34,000. Finally, Sterling Capital Management LLC boosted its position in shares of StoneX Group by 48.8% in the 1st quarter. Sterling Capital Management LLC now owns 476 shares of the company’s stock worth $38,000 after purchasing an additional 156 shares in the last quarter. 75.93% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SNEX. Jefferies Financial Group lifted their price objective on StoneX Group from $99.00 to $122.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. William Blair reiterated an “outperform” rating on shares of StoneX Group in a report on Monday, March 9th. Weiss Ratings upgraded StoneX Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. Zacks Research upgraded StoneX Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Finally, Wall Street Zen upgraded StoneX Group from a “hold” rating to a “buy” rating in a report on Sunday, April 5th. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price 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.