Insider Selling: StoneX Group (NASDAQ:SNEX) Director Sells $152,865.00 in Stock

StoneX Group Inc. (NASDAQ:SNEX) Director Annabelle Bexiga sold 1,500 shares of the company’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $101.91, for a total value of $152,865.00. Following the completion of the sale, the director owned 23,188 shares in the company, valued at $2,363,089.08. This trade represents a 6.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

StoneX Group Trading Up 1.6%

NASDAQ SNEX opened at $106.03 on Friday. The business’s 50-day moving average price is $106.38 and its two-hundred day moving average price is $100.98. StoneX Group Inc. has a 12 month low of $52.00 and a 12 month high of $107.92. The firm has a market capitalization of $8.34 billion, a PE ratio of 23.74 and a beta of 0.42. The company has a current ratio of 1.80, a quick ratio of 1.34 and a debt-to-equity ratio of 1.34.

StoneX Group (NASDAQ:SNEX) last released its quarterly earnings results on Wednesday, February 4th. The company reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.06 by $0.44. StoneX Group had a return on equity of 16.43% and a net margin of 0.25%.The firm had revenue of $724.00 million for the quarter, compared to analyst estimates of $1.24 billion. On average, analysts expect that StoneX Group Inc. will post 8.7 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on SNEX shares. William Blair reiterated an “outperform” rating on shares of StoneX Group in a research report on Monday, March 9th. Jefferies Financial Group upped their target price on StoneX Group from $99.00 to $122.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Wall Street Zen upgraded StoneX Group from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. Weiss Ratings upgraded StoneX Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. Finally, Zacks Research lowered StoneX Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $122.00.

Institutional Investors Weigh In On StoneX Group

Several institutional investors and hedge funds have recently made changes to their positions in SNEX. Private Trust Co. NA boosted its position in shares of StoneX Group by 2,109.1% during the 3rd quarter. Private Trust Co. NA now owns 243 shares of the company’s stock valued at $25,000 after purchasing an additional 232 shares in the last quarter. Cornerstone Planning Group LLC boosted its position in shares of StoneX Group by 4,133.3% during the 3rd 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 3rd quarter. Cullen Frost Bankers Inc. now owns 264 shares of the company’s stock valued at $27,000 after purchasing an additional 242 shares in the last quarter. AlphaQuest LLC boosted its position in shares of StoneX Group by 28,000.0% during the 3rd quarter. AlphaQuest LLC now owns 281 shares of the company’s stock valued at $28,000 after purchasing an additional 280 shares in the last quarter. Finally, Salomon & Ludwin LLC bought a new stake in shares of StoneX Group during the 3rd quarter valued at about $37,000. Institutional investors own 75.93% of the company’s stock.

About StoneX Group

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.