Insider Selling: StoneX Group (NASDAQ:SNEX) President Sells 30,000 Shares of Stock

StoneX Group Inc. (NASDAQ:SNEX) President Charles Lyon sold 30,000 shares of the company’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $124.78, for a total transaction of $3,743,400.00. Following the transaction, the president owned 150,330 shares in the company, valued at approximately $18,758,177.40. The trade was a 16.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

StoneX Group Trading Up 0.5%

Shares of NASDAQ:SNEX traded up $0.66 during trading on Tuesday, hitting $125.61. 506,454 shares of the company’s stock were exchanged, compared to its average volume of 375,306. The company has a current ratio of 1.80, a quick ratio of 1.34 and a debt-to-equity ratio of 1.34. The firm has a market cap of $6.59 billion, a P/E ratio of 18.65 and a beta of 0.45. The firm has a 50-day moving average price of $102.70 and a two-hundred day moving average price of $97.65. StoneX Group Inc. has a 1-year low of $65.00 and a 1-year high of $127.63.

Shares of StoneX Group are going to split on Monday, March 23rd. The 3-2 split was announced on Thursday, February 5th. The newly issued shares will be distributed to shareholders after the closing bell on Tuesday, March 10th.

StoneX Group (NASDAQ:SNEX) last issued its earnings results on Wednesday, February 4th. The company reported $2.50 EPS for the quarter, beating the consensus estimate of $2.06 by $0.44. StoneX Group had a net margin of 0.25% and a return on equity of 16.43%. The company had revenue of $724.00 million during the quarter, compared to analysts’ expectations of $1.24 billion. Equities analysts predict that StoneX Group Inc. will post 8.7 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 stock. Private Trust Co. NA boosted its stake in StoneX Group by 2,109.1% in the 3rd quarter. Private Trust Co. NA now owns 243 shares of the company’s stock worth $25,000 after purchasing an additional 232 shares during the period. Cornerstone Planning Group LLC lifted its holdings in shares of StoneX Group by 4,133.3% in the third quarter. Cornerstone Planning Group LLC now owns 254 shares of the company’s stock valued at $26,000 after purchasing an additional 248 shares in the last quarter. Cullen Frost Bankers Inc. boosted its position in shares of StoneX Group by 1,100.0% during the third quarter. Cullen Frost Bankers Inc. now owns 264 shares of the company’s stock worth $27,000 after buying an additional 242 shares during the period. AlphaQuest LLC grew its holdings in shares of StoneX Group by 28,000.0% during the third quarter. AlphaQuest LLC now owns 281 shares of the company’s stock worth $28,000 after buying an additional 280 shares in the last quarter. Finally, Salomon & Ludwin LLC bought a new position in shares of StoneX Group during the third quarter worth about $37,000. 75.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SNEX shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of StoneX Group in a research report on Monday, December 29th. Jefferies Financial Group lifted their price target on shares of StoneX Group from $99.00 to $122.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. Finally, Wall Street Zen upgraded shares of StoneX Group from a “hold” rating to a “buy” rating in a research report on Saturday. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $122.00.

StoneX Group Company Profile

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.