StoneX Group (NASDAQ:SNEX) CEO Philip Andrew Smith Sells 45,000 Shares of Company Stock

StoneX Group Inc. (NASDAQ:SNEX) CEO Philip Smith sold 45,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $59.50, for a total value of $2,677,500.00. Following the transaction, the chief executive officer owned 738,216 shares in the company, valued at approximately $43,923,852. The trade was a 5.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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.

Philip Andrew Smith also recently made the following trade(s):

• On Monday, September 28th, Philip Smith sold 56,250 shares of StoneX Group stock. The stock was sold at an average price of $65.69, for a total value of $3,695,062.50.
• On Wednesday, July 22nd, Philip Smith sold 45,000 shares of StoneX Group stock. The shares were sold at an average price of $74.32, for a total value of $3,344,400.00.

StoneX Group Stock Performance

NASDAQ:SNEX opened at $59.92 on Friday. The firm has a market cap of $7.23 billion, a PE ratio of 14.30 and a beta of 0.62. StoneX Group Inc. has a fifty-two week low of $36.45 and a fifty-two week high of $94.66. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.39 and a current ratio of 1.82. The business has a 50 day moving average price of $66.60 and a 200-day moving average price of $72.00.

StoneX Group (NASDAQ:SNEX) last issued its earnings results on Wednesday, August 5th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.14. StoneX Group had a net margin of 0.33% and a return on equity of 20.18%. The firm had revenue of $39.71 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Equities research analysts predict that StoneX Group Inc. will post 4.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SNEX has been the subject of several analyst reports. Zacks Research cut shares of StoneX Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Weiss Ratings lowered shares of StoneX Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday. Jefferies Financial Group cut shares of StoneX Group from a “buy” rating to a “hold” rating and decreased their price objective for the company from $123.00 to $112.00 in a research report on Monday, July 20th. Finally, Wall Street Zen downgraded shares of StoneX Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $112.00.

Institutional Investors Weigh In On StoneX Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in StoneX Group during the second quarter valued at $1,343,877,000. Dimensional Fund Advisors LP boosted its holdings 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 valued at $169,976,000 after buying an additional 704,493 shares in the last quarter. Van Berkom & Associates Inc. boosted its holdings in shares of 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 in the last quarter. Wasatch Advisors LP purchased a new stake in shares of StoneX Group in the 2nd quarter worth about $139,730,000. Finally, Punch & Associates Investment Management Inc. grew its position in shares of StoneX Group by 33.3% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 943,579 shares of the company’s stock worth $76,100,000 after buying an additional 235,744 shares during the period. 75.93% of the stock is owned by hedge funds and other institutional investors.

About StoneX Group

StoneX Group Inc is a global financial services company that provides execution, clearing, custody, payments, market intelligence and risk-management solutions. Through its businesses, the company serves commercial and institutional clients, asset managers, broker-dealers, government and nonprofit organizations, and retail investors.

StoneX offers access to a broad range of markets and products, including equities, fixed income, foreign exchange, commodities, futures and options. Its services include institutional trading and clearing, physical commodities and hedging solutions, global payments, securities financing, wealth-management support and online trading for individual investors.

The company operates through a global network serving clients across North America, Latin America, Europe, Asia and other international markets.