StoneX Group (NASDAQ:SNEX) Insider Sells $2,235,619.92 in Stock

StoneX Group Inc. (NASDAQ:SNEX) insider Diego Rotsztain sold 20,054 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $111.48, for a total value of $2,235,619.92. Following the completion of the sale, the insider directly owned 36,943 shares of the company’s stock, valued at $4,118,405.64. The trade was a 35.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Diego Rotsztain also recently made the following trade(s):

• On Wednesday, May 20th, Diego Rotsztain sold 13,696 shares of StoneX Group stock. The shares were sold at an average price of $112.79, for a total value of $1,544,771.84.

StoneX Group Trading Up 3.2%

Shares of NASDAQ:SNEX traded up $3.55 during trading on Wednesday, hitting $112.92. The company had a trading volume of 694,169 shares, compared to its average volume of 684,630. The stock has a market cap of $8.95 billion, a price-to-earnings ratio of 20.18 and a beta of 0.64. StoneX Group Inc. has a one year low of $53.52 and a one year high of $125.42. The company has a fifty day simple moving average of $100.20 and a two-hundred day simple moving average of $102.52. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.74 and a quick ratio of 1.33.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Beacon Harbor Wealth Advisors Inc. purchased a new position in StoneX Group during the 3rd quarter worth $5,944,000. Mitsubishi UFJ Trust & Banking Corp grew its stake in StoneX Group by 551.6% during the 3rd 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 last quarter. Aubrey Capital Management Ltd purchased a new position in StoneX Group during the 3rd quarter worth $4,349,000. Bessemer Group Inc. grew its stake in StoneX Group by 1,562.1% during the 4th quarter. Bessemer Group Inc. now owns 164,249 shares of the company’s stock worth $15,626,000 after buying an additional 154,367 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in StoneX Group by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 4,031,545 shares of the company’s stock worth $383,521,000 after buying an additional 11,240 shares during the last quarter. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SNEX. Jefferies Financial Group raised their price target on StoneX Group from $99.00 to $122.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. Wall Street Zen upgraded StoneX Group from a “hold” rating to a “buy” rating in a report on Sunday, April 5th. Weiss Ratings upgraded 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 report on Monday, March 9th. Finally, Zacks Research upgraded StoneX Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. According to data from MarketBeat, the company 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.