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 StoneX Group stock in a transaction dated 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 in the company, valued at approximately $3,786,178.86. This represents a 19.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

StoneX Group Stock Performance

NASDAQ:SNEX traded down $1.00 during mid-day trading on Friday, hitting $84.67. The stock had a trading volume of 734,506 shares, compared to its average volume of 295,419. The stock has a market capitalization of $4.14 billion, a price-to-earnings ratio of 14.34 and a beta of 0.53. The company has a 50 day simple moving average of $85.90 and a 200-day simple moving average of $77.56. StoneX Group Inc. has a 52 week low of $47.69 and a 52 week high of $97.17. The company has a current ratio of 1.91, a quick ratio of 1.35 and a debt-to-equity ratio of 1.09.

StoneX Group (NASDAQ:SNEX - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.09. The firm had revenue of $956.00 million for the quarter, compared to the consensus estimate of $907.30 million. StoneX Group had a net margin of 0.24% and a return on equity of 17.03%. On average, research analysts expect that StoneX Group Inc. will post 8.7 earnings per share for the current fiscal year.

Institutional Trading of StoneX Group

Several hedge funds have recently bought and sold shares of SNEX. Kestra Investment Management LLC bought a new stake in shares of StoneX Group during the 4th quarter worth about $31,000. Ridgewood Investments LLC raised its position in shares of StoneX Group by 50.0% during the 1st quarter. Ridgewood Investments LLC now owns 450 shares of the company's stock worth $34,000 after buying an additional 150 shares in the last quarter. Simplex Trading LLC bought a new stake in shares of StoneX Group during the 1st quarter worth about $47,000. Smartleaf Asset Management LLC raised its position in shares of StoneX Group by 250.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 656 shares of the company's stock worth $64,000 after buying an additional 469 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of StoneX Group by 92.7% during the 1st quarter. GAMMA Investing LLC now owns 742 shares of the company's stock worth $57,000 after buying an additional 357 shares in the last quarter. 75.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

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.