Insider Selling: StoneX Group (NASDAQ:SNEX) Insider Sells $3,386,386.56 in Stock

Key Points

• StoneX insider Mark Maurer sold 50,528 shares for approximately $3.39 million under a pre-arranged Rule 10b5-1 trading plan, reducing his position by 19.91% to 203,244 shares.
• Maurer has made several recent sales, including more than 52,000 shares each in September, August, and July, totaling millions of dollars in proceeds.
• StoneX shares traded at $66.86, while analysts maintained a consensus “Buy” rating with an average price target of $112; the company recently exceeded quarterly earnings expectations.

StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) insider Mark Maurer sold 50,528 shares of the stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $67.02, for a total value of $3,386,386.56. Following the transaction, the insider owned 203,244 shares in the company, valued at approximately $13,621,412.88. This trade represents a 19.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Mark Lowry Maurer also recently made the following trade(s):

• On Monday, September 14th, Mark Maurer sold 52,564 shares of StoneX Group stock. The shares were sold at an average price of $68.83, for a total value of $3,617,980.12.
• On Friday, August 7th, Mark Maurer sold 52,648 shares of StoneX Group stock. The shares were sold at an average price of $66.25, for a total transaction of $3,487,930.00.
• On Wednesday, July 22nd, Mark Maurer sold 52,376 shares of StoneX Group stock. The shares were sold at an average price of $74.32, for a total transaction of $3,892,584.32.

StoneX Group Stock Performance

StoneX Group stock traded down $1.67 during midday trading on Tuesday, hitting $66.86. The company's stock had a trading volume of 785,378 shares, compared to its average volume of 729,910. The company has a 50-day moving average price of $71.03 and a two-hundred day moving average price of $72.76. StoneX Group Inc. has a 1-year low of $36.45 and a 1-year high of $94.66. The company has a market cap of $8.06 billion, a price-to-earnings ratio of 15.96 and a beta of 0.63. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.82 and a quick ratio of 1.39.

StoneX Group (NASDAQ:SNEX - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $1.00 earnings per share for the quarter, beating analysts' consensus estimates of $0.86 by $0.14. The company had revenue of $39.71 billion during the quarter, compared to the consensus estimate of $1.32 billion. StoneX Group had a net margin of 0.33% and a return on equity of 20.18%. As a group, sell-side analysts predict that StoneX Group Inc. will post 4.35 earnings per share for the current year.

Hedge Funds Weigh In On StoneX Group

Several hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. bought a new stake in shares of StoneX Group during the 2nd quarter worth $1,343,877,000. Dimensional Fund Advisors LP grew its position in StoneX Group by 50.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,107,795 shares of the company's stock valued at $169,976,000 after acquiring an additional 704,493 shares during the last quarter. Wasatch Advisors LP acquired a new position in StoneX Group during the second quarter worth about $139,730,000. Geode Capital Management LLC lifted its holdings in shares of StoneX Group by 6.5% in the fourth quarter. Geode Capital Management LLC now owns 1,212,568 shares of the company's stock worth $115,369,000 after acquiring an additional 74,515 shares during the last quarter. Finally, Van Berkom & Associates Inc. lifted its holdings in shares of StoneX Group by 21.1% in the first quarter. Van Berkom & Associates Inc. now owns 1,384,258 shares of the company's stock worth $111,640,000 after acquiring an additional 240,749 shares during the last quarter. Institutional investors own 75.93% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on SNEX shares. Wall Street Zen cut StoneX Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Zacks Research raised shares of StoneX Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 7th. Weiss Ratings upgraded shares of StoneX Group from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday. Finally, Jefferies Financial Group lowered shares of StoneX Group from a "buy" rating to a "hold" rating and decreased their target price for the company from $123.00 to $112.00 in a report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $112.00.

About StoneX Group

StoneX Group Inc NASDAQ: SNEX is a global financial services company that provides execution, clearing, market-making, advisory and risk-management services across a range of markets. Its clients include commercial and industrial businesses, institutional investors, broker-dealers, asset managers, professional traders and retail investors.

The company's offerings include futures and options trading, securities execution and clearing, foreign exchange, global payments, commodities trading and hedging, and access to physical commodities markets.

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