StoneX Group (NASDAQ:SNEX) Stock: Insider Sean Michael Oconnor Sells 76,148 Shares

StoneX Group Inc. (NASDAQ:SNEX) Chairman Sean O’Connor sold 76,148 shares of StoneX Group stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $60.35, for a total transaction of $4,595,531.80. Following the completion of the sale, the chairman owned 1,831,799 shares in the company, valued at $110,549,069.65. This trade represents a 3.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sean Michael Oconnor also recently made the following trade(s):

• On Wednesday, July 22nd, Sean O’Connor sold 104,934 shares of StoneX Group stock. The stock was sold at an average price of $74.33, for a total transaction of $7,799,744.22.

StoneX Group Stock Performance

Shares of NASDAQ SNEX opened at $59.93 on Thursday. The stock has a 50 day moving average price of $66.73 and a 200 day moving average price of $71.94. StoneX Group Inc. has a 52 week low of $36.45 and a 52 week high of $94.66. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.39 and a current ratio of 1.82. The stock has a market capitalization of $7.23 billion, a PE ratio of 14.31 and a beta of 0.62.

StoneX Group (NASDAQ:SNEX) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.00 EPS 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 company had revenue of $39.71 billion during the quarter, compared to the consensus estimate of $1.32 billion. Analysts predict that StoneX Group Inc. will post 4.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on SNEX shares. Wall Street Zen downgraded StoneX Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings lowered shares of StoneX Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, September 29th. Jefferies Financial Group cut shares of StoneX Group from a “buy” rating to a “hold” rating and decreased their price objective for the company from $123.00 to $112.00 in a research note on Monday, July 20th. Finally, Zacks Research downgraded shares of StoneX Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, StoneX Group has a consensus rating of “Hold” and a consensus price target of $112.00.

Institutional Trading of StoneX Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SNEX. Fortitude Family Office LLC increased its position in shares of StoneX Group by 1,175.0% during the 3rd quarter. Fortitude Family Office LLC now owns 510 shares of the company’s stock valued at $33,000 after purchasing an additional 470 shares during the last quarter. Triumph Capital Management lifted its stake in shares of StoneX Group by 376.1% in the 3rd quarter. Triumph Capital Management now owns 19,684 shares of the company’s stock worth $1,272,000 after purchasing an additional 15,550 shares during the period. NorthCrest Asset Manangement LLC lifted its stake in shares of StoneX Group by 48.4% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 8,188 shares of the company’s stock worth $492,000 after purchasing an additional 2,671 shares during the period. Perpetual Ltd boosted its holdings in shares of StoneX Group by 47.5% in the third quarter. Perpetual Ltd now owns 323,178 shares of the company’s stock worth $20,890,000 after buying an additional 104,054 shares during the last quarter. Finally, ANB Bank boosted its holdings in shares of StoneX Group by 50.0% in the third quarter. ANB Bank now owns 5,631 shares of the company’s stock worth $364,000 after buying an additional 1,877 shares during the last quarter. Institutional investors and hedge funds own 75.93% of the company’s stock.

About StoneX Group

StoneX Group Inc is a global financial services company that provides execution, clearing, custody, payments, market intelligence and risk-management solutions. Through its businesses, the company serves commercial and institutional clients, asset managers, broker-dealers, government and nonprofit organizations, and retail investors.

StoneX offers access to a broad range of markets and products, including equities, fixed income, foreign exchange, commodities, futures and options. Its services include institutional trading and clearing, physical commodities and hedging solutions, global payments, securities financing, wealth-management support and online trading for individual investors.

The company operates through a global network serving clients across North America, Latin America, Europe, Asia and other international markets.