StoneX Group (NASDAQ:SNEX) Insider Mark Lowry Maurer Sells 50,528 Shares of Stock

StoneX Group Inc. (NASDAQ:SNEX) insider Mark Maurer sold 50,528 shares of the stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $67.02, for a total value of $3,386,386.56. Following the sale, the insider directly owned 203,244 shares of the company’s stock, valued at approximately $13,621,412.88. This represents a 19.91% decrease in their ownership of the stock. The sale was disclosed in a document filed 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.

Mark Lowry Maurer also recently made the following trade(s):

• On Monday, September 14th, Mark Maurer sold 52,564 shares of StoneX Group stock. The shares were sold at an average price of $68.83, for a total transaction of $3,617,980.12.
• On Friday, August 7th, Mark Maurer sold 52,648 shares of StoneX Group stock. The stock was sold at an average price of $66.25, for a total transaction of $3,487,930.00.
• On Wednesday, July 22nd, Mark Maurer sold 52,376 shares of StoneX Group stock. The stock was sold at an average price of $74.32, for a total transaction of $3,892,584.32.

StoneX Group Stock Down 2.4%

Shares of NASDAQ:SNEX opened at $66.86 on Wednesday. StoneX Group Inc. has a fifty-two week low of $36.45 and a fifty-two week high of $94.66. The company has a quick ratio of 1.39, a current ratio of 1.82 and a debt-to-equity ratio of 1.45. The firm’s 50-day simple moving average is $71.03 and its 200-day simple moving average is $72.76. The company has a market cap of $8.06 billion, a price-to-earnings ratio of 15.96 and a beta of 0.63.

StoneX Group (NASDAQ:SNEX) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.14. The firm had revenue of $39.71 billion during the quarter, compared to analysts’ expectations of $1.32 billion. StoneX Group had a net margin of 0.33% and a return on equity of 20.18%. As a group, equities research analysts predict that StoneX Group Inc. will post 4.35 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Weiss Ratings raised StoneX Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Zacks Research raised StoneX Group from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Wall Street Zen cut StoneX Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Jefferies Financial Group downgraded 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 report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $112.00.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. WINTON GROUP Ltd boosted its stake in shares of StoneX Group by 9.5% during the 2nd quarter. WINTON GROUP Ltd now owns 81,529 shares of the company’s stock worth $9,661,000 after acquiring an additional 7,078 shares in the last quarter. Engineers Gate Manager LP purchased a new position in StoneX Group in the 2nd quarter valued at approximately $488,000. Integrated Wealth Concepts LLC purchased a new position in StoneX Group in the 2nd quarter valued at approximately $111,000. BayBridge Capital Group LLC raised its holdings in StoneX Group by 5.3% during the second quarter. BayBridge Capital Group LLC now owns 4,166 shares of the company’s stock worth $494,000 after purchasing an additional 208 shares during the last quarter. Finally, Arizona State Retirement System raised its holdings in StoneX Group by 7.0% during the second quarter. Arizona State Retirement System now owns 19,543 shares of the company’s stock worth $2,316,000 after purchasing an additional 1,272 shares during the last quarter. 75.93% of the stock is owned by hedge funds and other institutional investors.

StoneX Group Company Profile

StoneX Group Inc (NASDAQ: SNEX) is a global financial services company that provides execution, clearing, market-making, advisory and risk-management services across a range of markets. Its clients include commercial and industrial businesses, institutional investors, broker-dealers, asset managers, professional traders and retail investors.

The company’s offerings include futures and options trading, securities execution and clearing, foreign exchange, global payments, commodities trading and hedging, and access to physical commodities markets.