StoneX Group (NASDAQ:SNEX) Chairman Sells $7,931,071.60 in Stock

StoneX Group Inc. (NASDAQ:SNEX) Chairman Sean Michael Oconnor sold 72,140 shares of StoneX Group stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $109.94, for a total transaction of $7,931,071.60. Following the sale, the chairman owned 1,236,921 shares in the company, valued at approximately $135,987,094.74. This trade represents a 5.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 transaction 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 transaction of $9,785,073.40.

StoneX Group Price Performance

SNEX stock traded down $1.43 during trading on Tuesday, hitting $109.37. 596,814 shares of the stock traded hands, compared to its average volume of 650,382. StoneX Group Inc. has a one year low of $53.52 and a one year high of $125.42. The stock has a market cap of $8.67 billion, a price-to-earnings ratio of 19.54 and a beta of 0.64. The company has a 50 day simple moving average of $100.20 and a 200 day simple moving average of $102.52. 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 announced its quarterly earnings results on Wednesday, May 6th. The company reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.47. The firm had revenue of $826.40 million during the quarter, compared to the consensus estimate of $1.37 billion. StoneX Group had a net margin of 0.30% and a return on equity of 19.31%. Equities analysts expect that StoneX Group Inc. will post 6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Jefferies Financial Group upped their price target on shares of 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 reissued an “outperform” rating on shares of StoneX Group in a research report on Monday, March 9th. Zacks Research raised shares of StoneX Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Wall Street Zen upgraded shares of StoneX Group from a “hold” rating to a “buy” rating in a research note on Sunday, April 5th. Finally, Weiss Ratings upgraded shares of StoneX Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $122.00.

Institutional Investors Weigh In On StoneX Group

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in StoneX Group by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 4,031,545 shares of the company’s stock worth $383,521,000 after buying an additional 11,240 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in StoneX Group by 18.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,851,468 shares of the company’s stock worth $271,261,000 after buying an additional 439,771 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in StoneX Group by 50.2% during the first quarter. Dimensional Fund Advisors LP now owns 2,107,795 shares of the company’s stock worth $169,976,000 after buying an additional 704,493 shares in the last quarter. State Street Corp lifted its holdings in shares of StoneX Group by 0.3% in the fourth quarter. State Street Corp now owns 1,829,897 shares of the company’s stock worth $174,078,000 after acquiring an additional 6,220 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its holdings in shares of StoneX Group by 24.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,499,292 shares of the company’s stock worth $142,628,000 after acquiring an additional 294,203 shares during the last quarter. 75.93% of the stock is currently owned by institutional investors and hedge funds.

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.