Insider Selling: StoneX Group (NASDAQ:SNEX) Director Sells $308,250.00 in Stock

StoneX Group Inc. (NASDAQ:SNEX) Director Eric Parthemore sold 2,500 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $123.30, for a total value of $308,250.00. Following the sale, the director directly owned 43,874 shares in the company, valued at $5,409,664.20. This represents a 5.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

StoneX Group Stock Down 0.7%

StoneX Group stock opened at $116.03 on Thursday. StoneX Group Inc. has a twelve month low of $53.52 and a twelve month high of $125.42. The stock’s fifty day simple moving average is $100.82 and its 200-day simple moving average is $102.11. The company has a current ratio of 1.74, a quick ratio of 1.33 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $9.20 billion, a P/E ratio of 20.73 and a beta of 0.64.

StoneX Group (NASDAQ:SNEX) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $2.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.47. StoneX Group had a return on equity of 19.31% and a net margin of 0.30%.The business had revenue of $826.40 million for the quarter, compared to analyst estimates of $1.37 billion. As a group, equities analysts expect that StoneX Group Inc. will post 6 earnings per share for the current fiscal year.

Hedge Funds Weigh In On StoneX Group

Several large investors have recently bought and sold shares of SNEX. Beacon Harbor Wealth Advisors Inc. acquired a new stake in shares of StoneX Group during the third quarter worth about $5,944,000. Commonwealth Equity Services LLC boosted its stake in shares of StoneX Group by 1,708.4% during the third quarter. Commonwealth Equity Services LLC now owns 72,823 shares of the company’s stock worth $7,349,000 after buying an additional 68,796 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of StoneX Group by 551.6% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 31,724 shares of the company’s stock worth $3,202,000 after buying an additional 26,855 shares during the period. Hiddenite Capital Partners LP boosted its stake in shares of StoneX Group by 81.4% during the third quarter. Hiddenite Capital Partners LP now owns 88,926 shares of the company’s stock worth $8,974,000 after buying an additional 39,915 shares during the period. Finally, Axecap Investments LLC acquired a new stake in shares of StoneX Group during the third quarter worth about $1,251,000. Institutional investors and hedge funds own 75.93% of the company’s stock.

Analysts Set New Price Targets

SNEX has been the topic of several recent analyst reports. Weiss Ratings raised StoneX Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. Zacks Research raised StoneX Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Wall Street Zen raised StoneX Group from a “hold” rating to a “buy” rating in a report on Sunday, April 5th. William Blair reissued an “outperform” rating on shares of StoneX Group in a report on Monday, March 9th. Finally, Jefferies Financial Group increased their target price on StoneX Group from $99.00 to $122.00 and gave the company a “buy” rating in a report on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $122.00.

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.