Insider Selling: StoneX Group Inc. (NASDAQ:SNEX) CEO Sells $488,110.00 in Stock

StoneX Group Inc. (NASDAQ:SNEX) CEO Philip Andrew Smith sold 7,000 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $69.73, for a total transaction of $488,110.00. Following the transaction, the chief executive officer now owns 233,898 shares of the company’s stock, valued at approximately $16,309,707.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

StoneX Group Price Performance

Shares of NASDAQ:SNEX opened at $69.34 on Thursday. The company has a quick ratio of 1.20, a current ratio of 1.59 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $2.19 billion, a PE ratio of 9.67 and a beta of 0.87. StoneX Group Inc. has a twelve month low of $49.62 and a twelve month high of $74.01. The company has a 50-day moving average price of $67.15 and a two-hundred day moving average price of $65.77.

StoneX Group (NASDAQ:SNEX) last issued its earnings results on Tuesday, February 6th. The company reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.46. The firm had revenue of $784.20 million during the quarter, compared to analyst estimates of $781.80 million. StoneX Group had a net margin of 0.34% and a return on equity of 17.48%. Equities analysts forecast that StoneX Group Inc. will post 7.44 EPS for the current year.

Hedge Funds Weigh In On StoneX Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SNEX. Envestnet Asset Management Inc. purchased a new stake in shares of StoneX Group in the first quarter worth about $297,000. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of StoneX Group in the first quarter worth about $208,000. Bank of New York Mellon Corp lifted its holdings in shares of StoneX Group by 5.0% in the first quarter. Bank of New York Mellon Corp now owns 172,394 shares of the company’s stock worth $12,797,000 after buying an additional 8,153 shares in the last quarter. Citigroup Inc. lifted its holdings in shares of StoneX Group by 14.9% in the first quarter. Citigroup Inc. now owns 14,836 shares of the company’s stock worth $1,102,000 after buying an additional 1,929 shares in the last quarter. Finally, Bank of Montreal Can lifted its holdings in shares of StoneX Group by 5.5% in the first quarter. Bank of Montreal Can now owns 5,213 shares of the company’s stock worth $394,000 after buying an additional 272 shares in the last quarter. Institutional investors own 75.93% of the company’s stock.

About StoneX Group

StoneX Group Inc operates as a global financial services network that connects companies, organizations, traders, and investors to market ecosystem worldwide. The company operates through Commercial, Institutional, Retail, and Global Payments segments. The Commercial segment provides risk management and hedging, exchange-traded and OTC products execution and clearing, voice brokerage, market intelligence, physical trading, and commodity financing and logistics services.