StoneX Group (NASDAQ:SNEX) CEO Sells 56,250 Shares of Stock

Key Points

• CEO Philip Smith sold 56,250 StoneX shares at an average price of $65.69, generating approximately $3.70 million. The transaction was made under a pre-arranged Rule 10b5-1 plan and reduced his direct ownership by 7.08% to 738,216 shares.
• StoneX reported quarterly EPS of $1.00, beating analysts’ $0.86 estimate, while revenue reached $39.71 billion. Shares recently traded near $65.25, below their 50-day and 200-day moving averages.
• Analyst sentiment remains broadly positive, with a consensus “Buy” rating and an average price target of $112, although some firms recently downgraded the stock to “Hold.”

StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) CEO Philip Smith sold 56,250 shares of the stock in a transaction on Monday, September 28th. The stock was sold at an average price of $65.69, for a total transaction of $3,695,062.50. Following the completion of the sale, the chief executive officer directly owned 738,216 shares of the company's stock, valued at approximately $48,493,409.04. This trade represents a 7.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, July 22nd, Philip Smith sold 45,000 shares of StoneX Group stock. The stock was sold at an average price of $74.32, for a total value of $3,344,400.00.

StoneX Group Price Performance

Shares of SNEX stock traded down $0.65 during trading hours on Tuesday, hitting $65.25. The stock had a trading volume of 588,478 shares, compared to its average volume of 840,640. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.82 and a quick ratio of 1.39. The stock has a market capitalization of $7.87 billion, a price-to-earnings ratio of 15.58 and a beta of 0.63. StoneX Group Inc. has a one year low of $36.45 and a one year high of $94.66. The stock's 50-day moving average price is $69.39 and its two-hundred day moving average price is $71.92.

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

Institutional Investors Weigh In On StoneX Group

Institutional investors have recently modified their holdings of the company. Rakuten Securities Inc. acquired a new position in StoneX Group in the 2nd quarter valued at about $26,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of StoneX Group in the first quarter valued at approximately $34,000. Sterling Capital Management LLC grew its holdings in shares of StoneX Group by 48.7% in the first quarter. Sterling Capital Management LLC now owns 476 shares of the company's stock valued at $38,000 after purchasing an additional 156 shares in the last quarter. Basecamp Wealth Advisors LLC increased its stake in StoneX Group by 49.7% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 512 shares of the company's stock worth $41,000 after buying an additional 170 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in StoneX Group during the 2nd quarter worth approximately $42,000. 75.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SNEX has been the topic of several analyst reports. Wall Street Zen lowered StoneX Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Zacks Research upgraded shares of StoneX Group from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 7th. Jefferies Financial Group lowered shares of StoneX Group from a "buy" rating to a "hold" rating and cut their price target for the stock from $123.00 to $112.00 in a report on Monday, July 20th. Finally, Weiss Ratings raised shares of StoneX Group from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, September 14th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $112.00.

StoneX Group Company Profile

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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