StoneX Group (NASDAQ:SNEX) Director John Moore Fowler Sells 1,575 Shares of Stock

StoneX Group Inc. (NASDAQ:SNEX) Director John Fowler sold 1,575 shares of the company’s stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $56.87, for a total value of $89,570.25. Following the completion of the sale, the director owned 253,834 shares of the company’s stock, valued at approximately $14,435,539.58. The trade was a 0.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

StoneX Group Trading Up 1.3%

Shares of SNEX traded up $0.69 during midday trading on Friday, reaching $54.31. The company had a trading volume of 579,360 shares, compared to its average volume of 1,084,743. StoneX Group Inc. has a 1-year low of $36.45 and a 1-year 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 has a 50 day simple moving average of $62.85 and a 200-day simple moving average of $71.29. The stock has a market cap of $6.55 billion, a PE ratio of 12.97 and a beta of 0.66.

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

Hedge Funds Weigh In On StoneX Group

Large investors have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of StoneX Group in the second quarter worth $1,343,877,000. Dimensional Fund Advisors LP lifted its holdings in shares of StoneX Group by 50.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,107,795 shares of the company’s stock valued at $169,976,000 after acquiring an additional 704,493 shares in the last quarter. Van Berkom & Associates Inc. lifted its holdings in shares of StoneX Group by 21.1% during the 1st quarter. Van Berkom & Associates Inc. now owns 1,384,258 shares of the company’s stock valued at $111,640,000 after acquiring an additional 240,749 shares in the last quarter. Wasatch Advisors LP purchased a new stake in StoneX Group during the 2nd quarter worth $139,730,000. Finally, Punch & Associates Investment Management Inc. increased its holdings in StoneX Group by 33.3% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 943,579 shares of the company’s stock valued at $76,100,000 after purchasing an additional 235,744 shares in the last quarter. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SNEX has been the topic of a number of recent research reports. Jefferies Financial Group lowered shares of StoneX Group from a “buy” rating to a “hold” rating and dropped their price objective for the company from $123.00 to $112.00 in a research note on Monday, July 20th. Weiss Ratings downgraded shares of StoneX Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, October 14th. Zacks Research lowered StoneX Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Finally, Wall Street Zen downgraded shares of StoneX Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $112.00.

StoneX Group Company Profile

StoneX Group Inc is a global financial services company that provides execution, clearing, custody, market intelligence and risk-management services to commercial and institutional clients, broker-dealers, asset managers and individual investors. Through its network of regulated subsidiaries, the company offers access to a broad range of markets, including commodities, foreign exchange, equities, fixed income and derivatives.

StoneX’s services include futures and options brokerage, physical commodities and commodity hedging, foreign exchange trading, securities execution and clearing, payments, and corporate treasury solutions.