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

StoneX Group Inc. (NASDAQ:SNEX) Chairman Sean Michael Oconnor sold 75,000 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $131.15, for a total transaction of $9,836,250.00. Following the sale, the chairman directly owned 1,161,921 shares in the company, valued at $152,385,939.15. The trade was a 6.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, June 15th, Sean Michael Oconnor sold 75,000 shares of StoneX Group stock. The shares were sold at an average price of $135.42, for a total transaction of $10,156,500.00.
• 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 transaction 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 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 Trading Down 2.8%

Shares of SNEX stock opened at $131.90 on Wednesday. The company’s fifty day simple moving average is $110.46 and its two-hundred day simple moving average is $106.74. 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 $139.24. The stock has a market capitalization of $10.45 billion, a price-to-earnings ratio of 23.57 and a beta of 0.64.

StoneX Group shares are going to split on Monday, July 20th. The 3-2 split was announced on Tuesday, May 26th. The newly created shares will be issued to shareholders after the closing bell on Friday, July 17th.

StoneX Group (NASDAQ:SNEX) last released its quarterly earnings results 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. The firm had revenue of $826.40 million for the quarter, compared to analysts’ expectations of $1.37 billion. StoneX Group had a net margin of 0.30% and a return on equity of 19.31%. As a group, analysts anticipate that StoneX Group Inc. will post 6 earnings per share for the current year.

Institutional Investors Weigh In On StoneX Group

A number of institutional investors have recently bought and sold shares of the business. Choreo LLC boosted its position in StoneX Group by 4.5% during the 4th quarter. Choreo LLC now owns 2,764 shares of the company’s stock worth $270,000 after acquiring an additional 118 shares during the period. Xponance Inc. boosted its position in StoneX Group by 3.6% during the 3rd quarter. Xponance Inc. now owns 3,624 shares of the company’s stock worth $366,000 after acquiring an additional 125 shares during the period. Lido Advisors LLC boosted its position in StoneX Group by 3.2% during the 4th quarter. Lido Advisors LLC now owns 4,050 shares of the company’s stock worth $403,000 after acquiring an additional 125 shares during the period. Maryland State Retirement & Pension System boosted its position in StoneX Group by 2.2% during the 4th quarter. Maryland State Retirement & Pension System now owns 6,818 shares of the company’s stock worth $649,000 after acquiring an additional 144 shares during the period. Finally, Sterling Capital Management LLC boosted 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 acquiring an additional 156 shares during the period. 75.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SNEX has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of StoneX Group in a report on Friday, May 22nd. Zacks Research raised shares of StoneX Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. William Blair reaffirmed an “outperform” rating on shares of StoneX Group in a report on Monday, March 9th. Finally, Wall Street Zen raised shares of StoneX Group from a “hold” rating to a “buy” rating in a report on Sunday, April 5th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to MarketBeat.com, StoneX Group presently has an average rating of “Buy” and an average price target of $122.00.

More StoneX Group News

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

• Positive Sentiment: StoneX recently hit a new 12-month high, reflecting strong recent investor demand and momentum in the shares. StoneX Group (NASDAQ:SNEX) Hits New 12-Month High – Should You Buy?
• Positive Sentiment: The stock had a strong prior-session move with above-average volume, suggesting traders are still responding favorably to recent earnings results and analyst sentiment. StoneX Group (SNEX) Soars 3.9%: Is Further Upside Left in the Stock?
• Neutral Sentiment: The company announced a 3-for-2 stock split scheduled for July 20, which can improve trading liquidity and attention but does not change fundamentals. StoneX Group insider trades page
• Negative Sentiment: Chairman Sean Michael Oconnor sold 150,000 shares in two transactions, CFO William Dunaway sold 63,602 shares, President Charles M. Lyon sold 9,000 shares, and Director Annabelle G. Bexiga sold 1,500 shares, adding to concerns that insiders may be taking profits after the recent rally. SEC filing

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.