Insider Selling: StoneX Group (NASDAQ:SNEX) Insider Sells $614,238.92 in Stock

Key Points

• StoneX Group insider Abigail Perkins sold 8,924 shares for approximately $614,239 under a pre-arranged Rule 10b5-1 trading plan, reducing her ownership by 9.23% to 87,739 shares.
• StoneX reported quarterly EPS of $1.00, exceeding analyst expectations of $0.86, while revenue reached $39.71 billion. Analysts expect full-year EPS of $4.35.
• Institutional investors own 75.93% of the company, and analysts maintain a consensus “Buy” rating with a $112 price target, despite recent mixed upgrades and downgrades.

StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) insider Abigail Perkins sold 8,924 shares of StoneX Group stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $68.83, for a total transaction of $614,238.92. Following the sale, the insider owned 87,739 shares in the company, valued at approximately $6,039,075.37. This trade represents a 9.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

StoneX Group Price Performance

NASDAQ SNEX traded up $0.75 on Wednesday, reaching $67.61. The company's stock had a trading volume of 646,400 shares, compared to its average volume of 1,081,560. StoneX Group Inc. has a 52 week low of $36.45 and a 52 week high of $94.66. The company has a current ratio of 1.82, a quick ratio of 1.39 and a debt-to-equity ratio of 1.45. The firm has a market cap of $8.16 billion, a PE ratio of 16.14 and a beta of 0.63. The business has a 50-day moving average price of $71.03 and a 200 day moving average price of $72.76.

StoneX Group (NASDAQ:SNEX - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $1.00 EPS for the quarter, topping 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 firm had revenue of $39.71 billion during the quarter, compared to analysts' expectations of $1.32 billion. Sell-side analysts expect that StoneX Group Inc. will post 4.35 EPS for the current year.

Institutional Investors Weigh In On StoneX Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. bought a new position in shares of StoneX Group in the second quarter valued at about $1,343,877,000. Wasatch Advisors LP bought a new stake in StoneX Group during the 2nd quarter worth about $139,730,000. Dimensional Fund Advisors LP increased its position in StoneX Group by 50.2% in the 1st 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 in the last quarter. Punch & Associates Investment Management Inc. acquired a new stake in StoneX Group in the 2nd quarter valued at about $82,250,000. Finally, Bank of America Corp DE bought a new position in shares of StoneX Group in the second quarter worth about $51,370,000. 75.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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