StoneX Group (NASDAQ:SNEX) Insider Abigail Perkins Sells 8,000 Shares

StoneX Group Inc. (NASDAQ:SNEX) insider Abigail Perkins sold 8,000 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $126.72, for a total transaction of $1,013,760.00. Following the transaction, the insider directly owned 48,259 shares in the company, valued at $6,115,380.48. The trade was a 14.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

StoneX Group Stock Up 1.3%

SNEX stock opened at $128.08 on Thursday. The company has a 50 day moving average price of $107.39 and a two-hundred day moving average price of $99.14. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.34 and a current ratio of 1.80. The stock has a market capitalization of $6.72 billion, a P/E ratio of 19.12 and a beta of 0.45. StoneX Group Inc. has a one year low of $65.00 and a one year high of $130.35.

StoneX Group’s stock is set to split on Monday, March 23rd. The 3-2 split was announced on Thursday, February 5th. The newly issued shares will be distributed to shareholders after the market closes on Tuesday, March 10th.

StoneX Group (NASDAQ:SNEX) last released its earnings results on Wednesday, February 4th. The company reported $2.50 EPS for the quarter, beating the consensus estimate of $2.06 by $0.44. StoneX Group had a return on equity of 16.43% and a net margin of 0.25%.The firm had revenue of $724.00 million during the quarter, compared to analyst estimates of $1.24 billion. As a group, sell-side analysts expect that StoneX Group Inc. will post 8.7 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on SNEX shares. Zacks Research raised shares of StoneX Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Jefferies Financial Group lifted their price target on shares of StoneX Group from $99.00 to $122.00 and gave the company a “buy” rating in a report on Monday, February 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of StoneX Group in a report on Monday, December 29th. Finally, Wall Street Zen upgraded StoneX Group from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, StoneX Group currently has a consensus rating of “Buy” and an average target price of $122.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC increased its holdings in StoneX Group by 1,708.4% in the third quarter. Commonwealth Equity Services LLC now owns 72,823 shares of the company’s stock valued at $7,349,000 after buying an additional 68,796 shares during the last quarter. Milestone Asset Management LLC acquired a new position in shares of StoneX Group in the 3rd quarter worth approximately $1,885,000. Orion Porfolio Solutions LLC bought a new stake in shares of StoneX Group in the 2nd quarter valued at approximately $1,972,000. Allspring Global Investments Holdings LLC raised its position in shares of StoneX Group by 11.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 157,033 shares of the company’s stock valued at $15,885,000 after acquiring an additional 16,400 shares in the last quarter. Finally, Goldentree Asset Management LP bought a new position in StoneX Group during the second quarter worth $32,482,000. Institutional investors and hedge funds own 75.93% of the company’s stock.

About StoneX Group

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.