StoneX Group (NASDAQ:SNEX) Insider Sells $1,362,604.74 in Stock

StoneX Group Inc. (NASDAQ:SNEX) insider Diego Rotsztain sold 20,298 shares of the company’s stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $67.13, for a total transaction of $1,362,604.74. Following the completion of the sale, the insider directly owned 34,870 shares in the company, valued at approximately $2,340,823.10. The trade was a 36.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, September 14th, Diego Rotsztain sold 30,327 shares of StoneX Group stock. The shares were sold at an average price of $68.83, for a total transaction of $2,087,407.41.
• On Wednesday, July 22nd, Diego Rotsztain sold 29,995 shares of StoneX Group stock. The stock was sold at an average price of $74.32, for a total value of $2,229,228.40.
• On Friday, July 24th, Diego Rotsztain sold 20,630 shares of StoneX Group stock. The stock was sold at an average price of $74.40, for a total value of $1,534,872.00.

StoneX Group Stock Performance

NASDAQ:SNEX traded up $0.75 on Wednesday, hitting $67.61. The company’s stock had a trading volume of 682,506 shares, compared to its average volume of 1,081,764. StoneX Group Inc. has a one year low of $36.45 and a one year high of $94.66. The firm has a market capitalization of $8.16 billion, a P/E ratio of 16.14 and a beta of 0.63. The stock has a fifty day moving average of $71.03 and a two-hundred day moving average of $72.76. The company has a current ratio of 1.82, a quick ratio of 1.39 and a debt-to-equity ratio of 1.45.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SNEX. Sterling Capital Management LLC lifted its stake in StoneX Group by 48.7% in the first quarter. Sterling Capital Management LLC now owns 476 shares of the company’s stock valued at $38,000 after buying an additional 156 shares during the period. Basecamp Wealth Advisors LLC grew its position in shares of StoneX Group by 49.7% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 512 shares of the company’s stock worth $41,000 after buying an additional 170 shares during the period. Oregon Public Employees Retirement Fund grew its position in shares of StoneX Group by 1.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 10,650 shares of the company’s stock worth $1,013,000 after buying an additional 193 shares during the period. BayBridge Capital Group LLC increased its stake in shares of StoneX Group by 5.3% in the 2nd quarter. BayBridge Capital Group LLC now owns 4,166 shares of the company’s stock valued at $494,000 after acquiring an additional 208 shares in the last quarter. Finally, Rakuten Securities Inc. acquired a new position in shares of StoneX Group during the 2nd quarter valued at $26,000. 75.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Zacks Research upgraded shares of StoneX Group from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Wall Street Zen cut shares of StoneX Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Jefferies Financial Group downgraded shares of StoneX Group from a “buy” rating to a “hold” rating and reduced their target price for the stock from $123.00 to $112.00 in a report on Monday, July 20th. Finally, Weiss Ratings upgraded shares of StoneX Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $112.00.

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.