StoneX Group (NASDAQ:SNEX) CEO Sells 45,000 Shares of Company Stock

Key Points

• CEO Philip Smith sold 45,000 StoneX shares at an average price of $59.50, generating approximately $2.68 million. The sale was conducted under a pre-arranged Rule 10b5-1 trading plan and reduced his direct holdings by 5.75%.
• StoneX shares traded near $59.92, below their 50-day and 200-day moving averages, and have fallen from a 52-week high of $94.66. The company reported quarterly EPS of $1.00, exceeding analysts’ $0.86 estimate.
• Analyst sentiment is currently cautious: three analysts rate the stock Hold and one rates it Buy, producing a consensus Hold rating and a $112 target price.

StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) CEO Philip Smith sold 45,000 shares of the company's stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $59.50, for a total transaction of $2,677,500.00. Following the sale, the chief executive officer directly owned 738,216 shares of the company's stock, valued at $43,923,852. This represents a 5.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Philip Andrew Smith also recently made the following trade(s):

• On Monday, September 28th, Philip Smith sold 56,250 shares of StoneX Group stock. The shares were sold at an average price of $65.69, for a total value of $3,695,062.50.
• On Wednesday, July 22nd, Philip Smith sold 45,000 shares of StoneX Group stock. The shares were sold at an average price of $74.32, for a total value of $3,344,400.00.

StoneX Group Price Performance

NASDAQ SNEX traded down $0.01 during trading on Thursday, hitting $59.92. 743,319 shares of the company's stock were exchanged, compared to its average volume of 1,027,867. The company has a market cap of $7.23 billion, a PE ratio of 14.31 and a beta of 0.62. 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 stock's 50 day moving average price is $66.73 and its two-hundred day moving average price is $71.94. StoneX Group Inc. has a fifty-two week low of $36.45 and a fifty-two week high of $94.66.

StoneX Group (NASDAQ:SNEX - Get Free Report) last issued its 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 firm had revenue of $39.71 billion for the quarter, compared to analyst estimates of $1.32 billion. StoneX Group had a net margin of 0.33% and a return on equity of 20.18%. Research analysts expect that StoneX Group Inc. will post 4.35 EPS for the current year.

Analysts Set New Price Targets

SNEX has been the subject of a number of analyst reports. Jefferies Financial Group downgraded 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 research note on Monday, July 20th. Zacks Research lowered shares of StoneX Group from a "strong-buy" rating to a "hold" rating in a report on Monday, October 5th. Wall Street Zen cut shares of StoneX Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Finally, Weiss Ratings downgraded StoneX Group from a "hold (c+)" rating to a "hold (c)" rating in a report on Wednesday. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $112.00.

Institutional Trading of StoneX Group

Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of StoneX Group in the second quarter worth $1,343,877,000. Dimensional Fund Advisors LP grew its holdings 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 worth $169,976,000 after acquiring an additional 704,493 shares during the last quarter. Van Berkom & Associates Inc. increased its position 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 valued at $111,640,000 after acquiring an additional 240,749 shares during the period. Wasatch Advisors LP bought a new position in shares of StoneX Group during the second quarter valued at about $139,730,000. Finally, Punch & Associates Investment Management Inc. raised its stake in shares of StoneX Group by 33.3% during the first quarter. Punch & Associates Investment Management Inc. now owns 943,579 shares of the company's stock valued at $76,100,000 after acquiring an additional 235,744 shares during the last quarter. Hedge funds and other institutional investors 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.

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