StoneX Group (NASDAQ:SNEX) CFO Sells $7,071,317.82 in Stock

StoneX Group Inc. (NASDAQ:SNEX) CFO William Dunaway sold 64,017 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $110.46, for a total value of $7,071,317.82. Following the sale, the chief financial officer owned 273,586 shares of the company’s stock, valued at approximately $30,220,309.56. The trade was a 18.96% decrease in their position. The sale was disclosed in a document filed 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.

StoneX Group Price Performance

Shares of NASDAQ:SNEX opened at $112.92 on Thursday. The business has a 50 day moving average price of $100.28 and a 200 day moving average price of $102.65. 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 twelve month low of $53.52 and a twelve month high of $125.42. The company has a market cap of $8.95 billion, a price-to-earnings ratio of 20.18 and a beta of 0.64.

StoneX Group (NASDAQ:SNEX) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $2.07 earnings per share for the quarter, topping 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 company had revenue of $826.40 million for the quarter, compared to analyst estimates of $1.37 billion. Research analysts predict that StoneX Group Inc. will post 6 earnings per share for the current year.

Hedge Funds Weigh In On StoneX Group

Several institutional investors have recently bought and sold shares of SNEX. Cornerstone Planning Group LLC boosted its stake in StoneX Group by 4,133.3% in the third 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. raised its holdings in shares of StoneX Group by 1,100.0% in the third quarter. Cullen Frost Bankers Inc. now owns 264 shares of the company’s stock valued at $27,000 after buying an additional 242 shares during the last quarter. AlphaQuest LLC raised its holdings in shares of StoneX Group by 28,000.0% in the third quarter. AlphaQuest LLC now owns 281 shares of the company’s stock valued at $28,000 after buying an additional 280 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in StoneX Group during the 1st quarter worth about $34,000. Finally, Sterling Capital Management LLC lifted its position in StoneX Group by 48.8% during the 1st quarter. Sterling Capital Management LLC now owns 476 shares of the company’s stock worth $38,000 after buying an additional 156 shares in the last quarter. Institutional investors own 75.93% of the company’s stock.

Wall Street Analysts Forecast Growth

SNEX has been the topic of several recent research reports. Zacks Research raised StoneX Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Weiss Ratings raised StoneX Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. William Blair restated an “outperform” rating on shares of StoneX Group in a research report on Monday, March 9th. Wall Street Zen upgraded StoneX Group from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. Finally, Jefferies Financial Group raised their target price on StoneX Group from $99.00 to $122.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. 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, StoneX Group currently has an average 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.