Insider Selling: StoneX Group (NASDAQ:SNEX) Director Sells $118,770.75 in Stock

StoneX Group Inc. (NASDAQ:SNEX) Director John Moore Fowler sold 1,575 shares of the stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $75.41, for a total value of $118,770.75. Following the sale, the director directly owned 255,271 shares in the company, valued at $19,249,986.11. This trade represents a 0.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

StoneX Group Price Performance

Shares of NASDAQ:SNEX opened at $65.84 on Friday. StoneX Group Inc. has a fifty-two week low of $36.45 and a fifty-two week high of $94.66. The business has a 50-day simple moving average of $79.50 and a two-hundred day simple moving average of $74.85. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.33 and a current ratio of 1.82. The firm has a market cap of $7.94 billion, a price-to-earnings ratio of 15.72 and a beta of 0.66.

StoneX Group (NASDAQ:SNEX) last posted its earnings results on Wednesday, August 5th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.14. The business had revenue of $718.00 million for the quarter, compared to analysts’ expectations of $1.32 billion. StoneX Group had a net margin of 0.33% and a return on equity of 20.18%. On average, analysts expect that StoneX Group Inc. will post 4.35 earnings per share for the current year.

Institutional Investors Weigh In On StoneX Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. purchased a new position in shares of StoneX Group in the second quarter worth approximately $1,343,877,000. Vanguard Group Inc. raised its position in StoneX Group by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 4,031,545 shares of the company’s stock worth $383,521,000 after acquiring an additional 11,240 shares during the period. Price T Rowe Associates Inc. MD raised its position in StoneX Group by 18.2% in 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 acquiring an additional 439,771 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of StoneX Group by 50.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,107,795 shares of the company’s stock worth $169,976,000 after acquiring an additional 704,493 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of StoneX Group by 0.3% during the 4th 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. Hedge funds and other institutional investors own 75.93% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of StoneX Group from a “buy” rating to a “hold” rating in a research report on Saturday. Jefferies Financial Group downgraded shares of StoneX Group from a “buy” rating to a “hold” rating and cut their target price for the stock from $123.00 to $112.00 in a research report on Monday, July 20th. Weiss Ratings lowered shares of StoneX Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, July 17th. Finally, Zacks Research cut 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 issued a Hold rating to the company. According to MarketBeat, the stock presently 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.