Abigail H. Perkins Sells 10,470 Shares of StoneX Group Inc. (NASDAQ:SNEX) Stock

StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) insider Abigail H. Perkins sold 10,470 shares of the stock in a transaction on Monday, June 16th. The shares were sold at an average price of $86.22, for a total transaction of $902,723.40. Following the completion of the sale, the insider now owns 43,913 shares of the company's stock, valued at approximately $3,786,178.86. This represents a 19.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

StoneX Group Stock Performance

NASDAQ:SNEX traded up $0.76 on Wednesday, hitting $85.67. The company's stock had a trading volume of 180,376 shares, compared to its average volume of 293,430. The company has a current ratio of 1.91, a quick ratio of 1.35 and a debt-to-equity ratio of 1.09. The stock has a fifty day moving average of $85.30 and a two-hundred day moving average of $77.23. The firm has a market capitalization of $4.19 billion, a P/E ratio of 14.51 and a beta of 0.53. StoneX Group Inc. has a one year low of $47.33 and a one year high of $97.17.

StoneX Group (NASDAQ:SNEX - Get Free Report) last posted its earnings results on Wednesday, May 14th. The company reported $1.41 earnings per share for the quarter, topping analysts' consensus estimates of $1.32 by $0.09. StoneX Group had a return on equity of 17.03% and a net margin of 0.24%. The business had revenue of $956.00 million for the quarter, compared to analyst estimates of $907.30 million. Research analysts predict that StoneX Group Inc. will post 8.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, William Blair assumed coverage on shares of StoneX Group in a research note on Wednesday, March 26th. They set an "outperform" rating on the stock.

Hedge Funds Weigh In On StoneX Group

Several institutional investors and hedge funds have recently modified their holdings of SNEX. D. E. Shaw & Co. Inc. boosted its holdings in shares of StoneX Group by 283.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 36,433 shares of the company's stock worth $3,569,000 after buying an additional 26,925 shares during the period. Harbor Capital Advisors Inc. lifted its position in StoneX Group by 24.1% during the first quarter. Harbor Capital Advisors Inc. now owns 394,903 shares of the company's stock worth $30,163,000 after acquiring an additional 76,778 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of StoneX Group by 149.8% during the fourth quarter. Millennium Management LLC now owns 41,761 shares of the company's stock worth $4,091,000 after acquiring an additional 25,046 shares during the period. Rhumbline Advisers grew its position in shares of StoneX Group by 45.9% in the first quarter. Rhumbline Advisers now owns 129,081 shares of the company's stock valued at $9,860,000 after purchasing an additional 40,603 shares during the last quarter. Finally, Deutsche Bank AG increased its stake in shares of StoneX Group by 20.2% during the fourth quarter. Deutsche Bank AG now owns 48,101 shares of the company's stock worth $4,712,000 after purchasing an additional 8,084 shares during the period. 75.93% of the stock is currently owned by institutional investors and hedge funds.

About StoneX Group

StoneX Group Inc operates as a global financial services network that connects companies, organizations, traders, and investors to market ecosystem worldwide. The company operates through Commercial, Institutional, Retail, and Global Payments segments. The Commercial segment provides risk management and hedging, exchange-traded and OTC products execution and clearing, voice brokerage, market intelligence, physical trading, and commodity financing and logistics services.

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