StoneX Group (NASDAQ:SNEX) Chairman Sells $10,156,500.00 in Stock

StoneX Group Inc. (NASDAQ:SNEX) Chairman Sean Michael Oconnor sold 75,000 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $135.42, for a total transaction of $10,156,500.00. Following the completion of the sale, the chairman directly owned 1,086,921 shares of the company’s stock, valued at approximately $147,190,841.82. This trade represents a 6.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Sean Michael Oconnor also recently made the following trade(s):

• On Friday, June 12th, Sean Michael Oconnor sold 75,000 shares of StoneX Group stock. The shares were sold at an average price of $131.15, for a total transaction of $9,836,250.00.
• On Tuesday, May 19th, Sean Michael Oconnor sold 72,140 shares of StoneX Group stock. The shares were sold at an average price of $109.94, for a total transaction of $7,931,071.60.
• On Friday, May 15th, Sean Michael Oconnor sold 140,070 shares of StoneX Group stock. The shares were sold at an average price of $110.31, for a total transaction of $15,451,121.70.
• On Monday, May 18th, Sean Michael Oconnor sold 87,790 shares of StoneX Group stock. The shares were sold at an average price of $111.46, for a total transaction of $9,785,073.40.

StoneX Group Price Performance

SNEX traded down $3.84 during trading on Tuesday, hitting $131.89. 1,505,184 shares of the company traded hands, compared to its average volume of 697,201. The company has a market cap of $10.45 billion, a PE ratio of 23.57 and a beta of 0.64. The stock’s 50-day simple moving average is $109.51 and its two-hundred day simple moving average is $106.45. StoneX Group Inc. has a 1 year low of $53.52 and a 1 year high of $139.24. The company has a current ratio of 1.74, a quick ratio of 1.33 and a debt-to-equity ratio of 1.27.

StoneX Group’s stock is set to split on Monday, July 20th. The 3-2 split was announced on Tuesday, May 26th. The newly issued shares will be distributed to shareholders after the market closes on Friday, July 17th.

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

Institutional Investors Weigh In On StoneX Group

Several institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC lifted its holdings in shares of StoneX Group by 119.8% in the 1st quarter. NewEdge Advisors LLC now owns 10,814 shares of the company’s stock worth $872,000 after acquiring an additional 5,893 shares during the last quarter. Segall Bryant & Hamill LLC lifted its holdings in shares of StoneX Group by 89.5% in the 1st quarter. Segall Bryant & Hamill LLC now owns 299,088 shares of the company’s stock worth $24,121,000 after acquiring an additional 141,249 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of StoneX Group by 115.6% in the 1st quarter. Bank of America Corp DE now owns 464,475 shares of the company’s stock worth $37,460,000 after acquiring an additional 249,088 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of StoneX Group by 177.7% in the 1st quarter. Janus Henderson Group PLC now owns 134,861 shares of the company’s stock worth $10,876,000 after acquiring an additional 86,290 shares during the last quarter. Finally, Amundi lifted its holdings in StoneX Group by 88.1% during the 1st quarter. Amundi now owns 11,886 shares of the company’s stock valued at $959,000 after buying an additional 5,567 shares in the last quarter. Institutional investors own 75.93% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on SNEX. Wall Street Zen upgraded shares of StoneX Group from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. Weiss Ratings reiterated a “buy (b-)” rating on shares of StoneX Group in a research report on Friday, May 22nd. William Blair reiterated an “outperform” rating on shares of StoneX Group in a research report on Monday, March 9th. Finally, Zacks Research upgraded shares of StoneX Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus 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.