StoneX Group (NASDAQ:SNEX) CEO Philip Andrew Smith Sells 45,000 Shares

StoneX Group Inc. (NASDAQ:SNEX) CEO Philip Andrew Smith sold 45,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 22nd. The stock was sold at an average price of $74.32, for a total value of $3,344,400.00. Following the transaction, the chief executive officer directly owned 738,216 shares in the company, valued at $54,864,213.12. The trade was a 5.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Philip Andrew Smith also recently made the following trade(s):

• On Tuesday, June 30th, Philip Andrew Smith sold 77,310 shares of StoneX Group stock. The stock was sold at an average price of $79.15, for a total value of $6,118,828.80.

StoneX Group Stock Down 0.7%

NASDAQ SNEX traded down $0.49 during mid-day trading on Tuesday, hitting $73.94. The company’s stock had a trading volume of 225,532 shares, compared to its average volume of 1,123,049. The firm has a market capitalization of $8.79 billion, a price-to-earnings ratio of 19.82 and a beta of 0.65. The company’s 50 day simple moving average is $79.77 and its 200 day simple moving average is $74.63. The company has a current ratio of 1.74, a quick ratio of 1.33 and a debt-to-equity ratio of 1.27. StoneX Group Inc. has a twelve month low of $35.68 and a twelve month high of $94.66.

StoneX Group (NASDAQ:SNEX) last released its quarterly earnings data on Wednesday, May 6th. The company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.31. StoneX Group had a net margin of 0.30% and a return on equity of 19.31%. The firm had revenue of $826.40 million for the quarter, compared to the consensus estimate of $1.37 billion. Analysts anticipate that StoneX Group Inc. will post 4 earnings per share for the current year.

Hedge Funds Weigh In On StoneX Group

Institutional investors have recently modified their holdings of the business. Cassaday & Co Wealth Management LLC purchased a new stake in shares of StoneX Group during the first quarter valued at approximately $34,000. Sterling Capital Management LLC boosted its position in StoneX Group by 48.7% in the first quarter. Sterling Capital Management LLC now owns 476 shares of the company’s stock worth $38,000 after purchasing an additional 156 shares during the last quarter. Basecamp Wealth Advisors LLC grew its stake in StoneX Group by 49.7% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 512 shares of the company’s stock valued at $41,000 after purchasing an additional 170 shares during the period. Transamerica Financial Advisors LLC grew its stake in StoneX Group by 183.0% in the 4th quarter. Transamerica Financial Advisors LLC now owns 433 shares of the company’s stock valued at $41,000 after purchasing an additional 280 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in shares of StoneX Group during the 4th quarter valued at $50,000. 75.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

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.