StoneX Group (NASDAQ:SNEX) CFO William Dunaway Sells 95,970 Shares

StoneX Group Inc. (NASDAQ:SNEX) CFO William Dunaway sold 95,970 shares of the business’s stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of $74.33, for a total transaction of $7,133,450.10. Following the transaction, the chief financial officer owned 472,131 shares in the company, valued at approximately $35,093,497.23. This represents a 16.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

StoneX Group Stock Down 0.7%

Shares of NASDAQ:SNEX traded down $0.49 during midday trading on Tuesday, hitting $73.94. 215,240 shares of the stock were exchanged, compared to its average volume of 1,123,049. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.33 and a current ratio of 1.74. StoneX Group Inc. has a 52-week low of $35.68 and a 52-week high of $94.66. The business’s fifty day simple moving average is $79.77 and its two-hundred day simple moving average is $74.63. The company has a market capitalization of $8.79 billion, a PE ratio of 19.84 and a beta of 0.65.

StoneX Group (NASDAQ:SNEX) last released its quarterly earnings data on Wednesday, May 6th. The company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.31. StoneX Group had a return on equity of 19.31% and a net margin of 0.30%.The firm had revenue of $826.40 million during the quarter, compared to analysts’ expectations of $1.37 billion. As a group, research analysts predict that StoneX Group Inc. will post 4 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on SNEX. Wall Street Zen raised StoneX Group from a “hold” rating to a “buy” rating in a research note on Sunday, April 5th. Zacks Research lowered shares of StoneX Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Jefferies Financial Group cut shares of StoneX Group from a “buy” rating to a “hold” rating and reduced their target price for the company from $123.00 to $112.00 in a research note on Monday, July 20th. Finally, Weiss Ratings downgraded shares of StoneX Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, July 17th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, StoneX Group presently has a consensus rating of “Moderate Buy” and an average price target of $112.00.

Institutional Investors Weigh In On StoneX Group

Hedge funds have recently modified their holdings of the business. Royal Bank of Canada grew its stake in shares of StoneX Group by 129.0% in the first quarter. Royal Bank of Canada now owns 77,545 shares of the company’s stock worth $5,923,000 after acquiring an additional 43,678 shares during the last quarter. NewEdge Advisors LLC acquired a new position in StoneX Group during the 1st quarter valued at $449,000. Goldman Sachs Group Inc. raised its stake in StoneX Group by 6.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 225,711 shares of the company’s stock valued at $17,240,000 after purchasing an additional 13,815 shares during the last quarter. United Services Automobile Association bought a new stake in StoneX Group in the 1st quarter valued at $210,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in StoneX Group by 55.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 107,125 shares of the company’s stock worth $8,182,000 after purchasing an additional 38,073 shares during the last quarter. 75.93% of the stock is owned by institutional investors.

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.