StoneX Group (NASDAQ:SNEX) CFO Sells $7,071,317.82 in Stock

StoneX Group Inc. (NASDAQ:SNEX) CFO William Dunaway sold 64,017 shares of StoneX Group stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $110.46, for a total transaction of $7,071,317.82. Following the completion of the transaction, the chief financial officer directly owned 273,586 shares of the company’s stock, valued at $30,220,309.56. This trade represents a 18.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

StoneX Group Stock Up 0.5%

StoneX Group stock traded up $0.59 during trading hours on Monday, hitting $110.80. The stock had a trading volume of 578,139 shares, compared to its average volume of 685,458. The company has a quick ratio of 1.33, a current ratio of 1.74 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $8.78 billion, a P/E ratio of 19.80 and a beta of 0.64. StoneX Group Inc. has a 12-month low of $53.52 and a 12-month high of $125.42. The stock’s 50-day moving average price is $100.35 and its 200-day moving average price is $102.30.

StoneX Group (NASDAQ:SNEX) last issued its earnings results on Wednesday, May 6th. The company reported $2.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.47. The business had revenue of $826.40 million during the quarter, compared to analysts’ expectations of $1.37 billion. StoneX Group had a net margin of 0.30% and a return on equity of 19.31%. Equities research analysts anticipate that StoneX Group Inc. will post 6 EPS for the current fiscal year.

Institutional Investors Weigh In On StoneX Group

Several hedge funds and other institutional investors have recently made changes to their positions in SNEX. Cornerstone Planning Group LLC raised its stake 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 acquiring an additional 248 shares during the period. Cullen Frost Bankers Inc. raised its stake in shares of StoneX Group by 1,100.0% in the third quarter. Cullen Frost Bankers Inc. now owns 264 shares of the company’s stock valued at $27,000 after acquiring an additional 242 shares during the period. AlphaQuest LLC raised its stake in shares of StoneX Group by 28,000.0% in the third quarter. AlphaQuest LLC now owns 281 shares of the company’s stock valued at $28,000 after acquiring an additional 280 shares during the period. Cassaday & Co Wealth Management LLC purchased a new stake in shares of StoneX Group in the first quarter valued at $34,000. Finally, Sterling Capital Management LLC raised its stake in shares of StoneX Group by 48.8% in the first quarter. Sterling Capital Management LLC now owns 476 shares of the company’s stock valued at $38,000 after acquiring an additional 156 shares during the period. Hedge funds and other institutional investors own 75.93% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Weiss Ratings raised shares of StoneX Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. William Blair reiterated an “outperform” rating on shares of StoneX Group in a research report on Monday, March 9th. Wall Street Zen upgraded shares of StoneX Group from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. Zacks Research raised shares of StoneX Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Finally, Jefferies Financial Group boosted their target price on shares of StoneX Group from $99.00 to $122.00 and gave the stock 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 given a Buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus 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.