Mark Lowry Maurer Sells 40,000 Shares of StoneX Group (NASDAQ:SNEX) Stock

StoneX Group Inc. (NASDAQ:SNEX) insider Mark Lowry Maurer sold 40,000 shares of the firm’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $124.88, for a total value of $4,995,200.00. Following the transaction, the insider directly owned 90,331 shares of the company’s stock, valued at $11,280,535.28. This represents a 30.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

StoneX Group Stock Up 1.5%

Shares of NASDAQ:SNEX traded up $1.89 during midday trading on Wednesday, reaching $127.50. The company’s stock had a trading volume of 435,170 shares, compared to its average volume of 362,763. The company has a quick ratio of 1.34, a current ratio of 1.80 and a debt-to-equity ratio of 1.34. The firm has a 50 day moving average of $103.44 and a 200-day moving average of $97.87. The firm has a market capitalization of $6.69 billion, a P/E ratio of 19.03 and a beta of 0.45. StoneX Group Inc. has a 12-month low of $65.00 and a 12-month high of $128.51.

StoneX Group shares are set to split on the morning of Monday, March 23rd. The 3-2 split was announced on Thursday, February 5th. The newly minted shares will be distributed to shareholders after the market closes on Tuesday, March 10th.

StoneX Group (NASDAQ:SNEX) last posted its quarterly earnings data on Wednesday, February 4th. The company reported $2.50 EPS for the quarter, topping 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 business had revenue of $724.00 million for the quarter, compared to analyst estimates of $1.24 billion. On average, research analysts anticipate that StoneX Group Inc. will post 8.7 earnings per share for the current year.

Hedge Funds Weigh In On StoneX Group

Institutional investors and hedge funds have recently modified their holdings of the company. Private Trust Co. NA lifted its holdings in StoneX Group by 2,109.1% in the third quarter. Private Trust Co. NA now owns 243 shares of the company’s stock valued at $25,000 after acquiring an additional 232 shares during the period. Cornerstone Planning Group LLC increased its holdings in StoneX Group by 4,133.3% during the third quarter. Cornerstone Planning Group LLC now owns 254 shares of the company’s stock valued at $26,000 after buying an additional 248 shares during the last quarter. Cullen Frost Bankers Inc. raised its position in StoneX Group by 1,100.0% in the third quarter. Cullen Frost Bankers Inc. now owns 264 shares of the company’s stock worth $27,000 after acquiring an additional 242 shares during the period. AlphaQuest LLC raised its holdings in StoneX Group by 28,000.0% in the 3rd quarter. AlphaQuest LLC now owns 281 shares of the company’s stock worth $28,000 after purchasing an additional 280 shares during the period. Finally, Salomon & Ludwin LLC bought a new position in StoneX Group in the 3rd quarter worth $37,000. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of StoneX Group in a report on Monday, December 29th. Zacks Research upgraded shares of StoneX Group from a “hold” rating to a “strong-buy” rating in a research note on Monday. Wall Street Zen upgraded shares of StoneX Group from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Jefferies Financial Group raised their price target on shares of StoneX Group from $99.00 to $122.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target 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.