Insider Selling: StoneX Group (NASDAQ:SNEX) Insider Sells $1,362,604.74 in Stock

StoneX Group Inc. (NASDAQ:SNEX) insider Diego Rotsztain sold 20,298 shares of the firm’s stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $67.13, for a total value of $1,362,604.74. Following the transaction, the insider directly owned 34,870 shares of the company’s stock, valued at approximately $2,340,823.10. This trade represents a 36.79% decrease in their position. The transaction was disclosed in a filing 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.

Diego Rotsztain also recently made the following trade(s):

• On Monday, September 14th, Diego Rotsztain sold 30,327 shares of StoneX Group stock. The stock was sold at an average price of $68.83, for a total value of $2,087,407.41.
• On Wednesday, July 22nd, Diego Rotsztain sold 29,995 shares of StoneX Group stock. The stock was sold at an average price of $74.32, for a total value of $2,229,228.40.
• On Friday, July 24th, Diego Rotsztain sold 20,630 shares of StoneX Group stock. The shares were sold at an average price of $74.40, for a total value of $1,534,872.00.

StoneX Group Price Performance

SNEX opened at $67.00 on Friday. The stock has a 50-day moving average price of $70.26 and a 200-day moving average price of $72.45. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.82 and a quick ratio of 1.39. The firm has a market cap of $8.08 billion, a PE ratio of 15.99 and a beta of 0.63. StoneX Group Inc. has a 1 year low of $36.45 and a 1 year high of $94.66.

StoneX Group (NASDAQ:SNEX) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.14. The company had revenue of $39.71 billion 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%. Sell-side analysts predict that StoneX Group Inc. will post 4.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SNEX. Weiss Ratings upgraded shares of StoneX Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Zacks Research raised StoneX Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Wall Street Zen downgraded StoneX Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Jefferies Financial Group lowered StoneX Group from a “buy” rating to a “hold” rating and reduced their target price for the stock from $123.00 to $112.00 in a report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $112.00.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in StoneX Group in the second quarter worth approximately $1,343,877,000. Dimensional Fund Advisors LP grew its position in StoneX Group by 50.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,107,795 shares of the company’s stock worth $169,976,000 after purchasing an additional 704,493 shares during the period. Van Berkom & Associates Inc. raised its stake in StoneX Group by 21.1% during the 1st quarter. Van Berkom & Associates Inc. now owns 1,384,258 shares of the company’s stock valued at $111,640,000 after buying an additional 240,749 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of StoneX Group by 6.5% during the 4th quarter. Geode Capital Management LLC now owns 1,212,568 shares of the company’s stock valued at $115,369,000 after buying an additional 74,515 shares during the period. Finally, Wasatch Advisors LP bought a new position in shares of StoneX Group during the 2nd quarter valued at $139,730,000. 75.93% of the stock is owned by hedge funds and other institutional investors.

StoneX Group Company Profile

StoneX Group Inc (NASDAQ: SNEX) is a global financial services company that provides execution, clearing, market-making, advisory and risk-management services across a range of markets. Its clients include commercial and industrial businesses, institutional investors, broker-dealers, asset managers, professional traders and retail investors.

The company’s offerings include futures and options trading, securities execution and clearing, foreign exchange, global payments, commodities trading and hedging, and access to physical commodities markets.