StoneX Group (NASDAQ:SNEX) President Charles Lyon Sells 9,000 Shares

StoneX Group Inc. (NASDAQ:SNEX) President Charles Lyon sold 9,000 shares of StoneX Group stock in a transaction on Friday, June 12th. The stock was sold at an average price of $131.96, for a total transaction of $1,187,640.00. Following the completion of the transaction, the president directly owned 216,495 shares in the company, valued at $28,568,680.20. This represents a 3.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

StoneX Group Price Performance

NASDAQ SNEX opened at $131.90 on Wednesday. The firm’s fifty day simple moving average is $110.46 and its two-hundred day simple moving average is $106.74. 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 Inc. has a 12-month low of $53.52 and a 12-month high of $139.24. The firm has a market capitalization of $10.45 billion, a P/E ratio of 23.57 and a beta of 0.64.

StoneX Group shares are going to split on Monday, July 20th. The 3-2 split was announced on Tuesday, May 26th. The newly minted shares will be issued to shareholders after the closing bell on Friday, July 17th.

StoneX Group (NASDAQ:SNEX) last released its quarterly 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. 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 for the quarter, compared to analyst estimates of $1.37 billion. Analysts forecast that StoneX Group Inc. will post 6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on SNEX. Weiss Ratings reiterated a “buy (b-)” rating on shares of StoneX Group in a research note on Friday, May 22nd. Wall Street Zen upgraded shares of StoneX Group from a “hold” rating to a “buy” rating in a research note on Sunday, April 5th. Zacks Research upgraded shares of StoneX Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Finally, William Blair reiterated an “outperform” rating on shares of StoneX Group in a research note on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $122.00.

Institutional Investors Weigh In On StoneX Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. AlphaQuest LLC lifted its stake in shares of StoneX Group by 28,000.0% during the third quarter. AlphaQuest LLC now owns 281 shares of the company’s stock worth $28,000 after buying an additional 280 shares during the period. Cassaday & Co Wealth Management LLC acquired a new position in StoneX Group during the first quarter valued at $34,000. Sterling Capital Management LLC lifted its position in StoneX Group by 48.8% during the first quarter. Sterling Capital Management LLC now owns 476 shares of the company’s stock valued at $38,000 after purchasing an additional 156 shares during the period. Transamerica Financial Advisors LLC lifted its position in StoneX Group by 183.0% during the fourth quarter. Transamerica Financial Advisors LLC now owns 433 shares of the company’s stock valued at $41,000 after purchasing an additional 280 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in StoneX Group during the fourth quarter valued at $50,000. 75.93% of the stock is currently owned by institutional investors and hedge funds.

Key StoneX Group News

Here are the key news stories impacting StoneX Group this week:

• Positive Sentiment: StoneX recently hit a new 12-month high, reflecting strong recent investor demand and momentum in the shares. StoneX Group (NASDAQ:SNEX) Hits New 12-Month High – Should You Buy?
• Positive Sentiment: The stock had a strong prior-session move with above-average volume, suggesting traders are still responding favorably to recent earnings results and analyst sentiment. StoneX Group (SNEX) Soars 3.9%: Is Further Upside Left in the Stock?
• Neutral Sentiment: The company announced a 3-for-2 stock split scheduled for July 20, which can improve trading liquidity and attention but does not change fundamentals. StoneX Group insider trades page
• Negative Sentiment: Chairman Sean Michael Oconnor sold 150,000 shares in two transactions, CFO William Dunaway sold 63,602 shares, President Charles M. Lyon sold 9,000 shares, and Director Annabelle G. Bexiga sold 1,500 shares, adding to concerns that insiders may be taking profits after the recent rally. SEC filing

StoneX Group Company Profile

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.