StoneX Group (NASDAQ:SNEX) Posts Earnings Results, Beats Expectations By $0.14 EPS

StoneX Group (NASDAQ:SNEX) issued its quarterly earnings data on Wednesday. The company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.14, FiscalAI reports. StoneX Group had a return on equity of 20.80% and a net margin of 0.33%.The company had revenue of $718.00 million for the quarter, compared to the consensus estimate of $1.32 billion.

StoneX Group Price Performance

SNEX traded up $0.07 during midday trading on Friday, hitting $66.79. The stock had a trading volume of 318,599 shares, compared to its average volume of 1,120,166. StoneX Group has a 1 year low of $36.45 and a 1 year high of $94.66. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.33 and a current ratio of 1.74. The business has a fifty day moving average of $79.70 and a 200 day moving average of $74.91. The company has a market cap of $7.94 billion, a P/E ratio of 15.95 and a beta of 0.66.

Insider Transactions at StoneX Group

In related news, insider Diego Rotsztain sold 20,630 shares of StoneX Group stock in a transaction on Friday, July 24th. The shares were sold at an average price of $74.40, for a total value of $1,534,872.00. Following the transaction, the insider owned 34,870 shares in the company, valued at $2,594,328. This trade represents a 37.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO William J. Dunaway sold 95,970 shares of the business’s stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $74.33, for a total transaction of $7,133,450.10. Following the completion of the sale, the chief financial officer directly owned 472,131 shares of the company’s stock, valued at $35,093,497.23. This represents a 16.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 1,456,602 shares of company stock worth $114,197,648. Corporate insiders own 11.79% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of SNEX. Transamerica Financial Advisors LLC boosted its holdings in StoneX Group by 183.0% during the 4th quarter. Transamerica Financial Advisors LLC now owns 433 shares of the company’s stock valued at $41,000 after acquiring an additional 280 shares during the period. Acadian Asset Management LLC increased its stake in StoneX Group by 50.0% in the 1st quarter. Acadian Asset Management LLC now owns 831 shares of the company’s stock worth $63,000 after purchasing an additional 277 shares during the period. Public Employees Retirement System of Ohio lifted its position in StoneX Group by 26.7% in the third quarter. Public Employees Retirement System of Ohio now owns 915 shares of the company’s stock valued at $92,000 after purchasing an additional 193 shares during the last quarter. CIBC Private Wealth Group LLC bought a new stake in StoneX Group in the third quarter valued at approximately $128,000. Finally, Parkside Financial Bank & Trust boosted its stake in shares of StoneX Group by 18.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,432 shares of the company’s stock valued at $136,000 after purchasing an additional 224 shares during the period. Hedge funds and other institutional investors own 75.93% of the company’s stock.

Analysts Set New Price Targets

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

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.