StoneX Group (NASDAQ:SNEX) Insider Diego Rotsztain Sells 20,298 Shares of Stock

Key Points

• StoneX insider Diego Rotsztain sold 20,298 shares at an average price of $67.13, generating approximately $1.36 million. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced his direct ownership by 36.79% to 34,870 shares.
• Rotsztain has also sold more than 80,000 additional StoneX shares in transactions during July and September, indicating a series of insider sales.
• StoneX shares rose 1.1% to $67.61, while analysts maintained a consensus “Buy” rating and a $112 price target. The company recently exceeded quarterly earnings expectations, reporting $1.00 per share versus the $0.86 consensus estimate.

StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) insider Diego Rotsztain sold 20,298 shares of the stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $67.13, for a total value of $1,362,604.74. Following the sale, the insider directly owned 34,870 shares of the company's stock, valued at approximately $2,340,823.10. The trade was a 36.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Diego Rotsztain also recently made the following trade(s):

• On Monday, September 14th, Diego Rotsztain sold 30,327 shares of StoneX Group stock. The shares were sold at an average price of $68.83, for a total transaction of $2,087,407.41.
• On Wednesday, July 22nd, Diego Rotsztain sold 29,995 shares of StoneX Group stock. The shares were sold at an average price of $74.32, for a total transaction of $2,229,228.40.
• On Friday, July 24th, Diego Rotsztain sold 20,630 shares of StoneX Group stock. The stock was sold at an average price of $74.40, for a total transaction of $1,534,872.00.

StoneX Group Stock Up 1.1%

Shares of NASDAQ:SNEX traded up $0.75 during midday trading on Wednesday, reaching $67.61. 682,506 shares of the company were exchanged, compared to its average volume of 1,081,764. The firm has a market cap of $8.16 billion, a PE ratio of 16.14 and a beta of 0.63. StoneX Group Inc. has a fifty-two week low of $36.45 and a fifty-two week high of $94.66. The stock has a fifty day simple moving average of $71.03 and a two-hundred day simple moving average of $72.76. The company has a quick ratio of 1.39, a current ratio of 1.82 and a debt-to-equity ratio of 1.45.

StoneX Group (NASDAQ:SNEX - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $1.00 earnings per share for the quarter, topping analysts' consensus estimates of $0.86 by $0.14. The firm had revenue of $39.71 billion during 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%. As a group, sell-side analysts forecast that StoneX Group Inc. will post 4.35 earnings per share for the current year.

Institutional Investors Weigh In On StoneX Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Rakuten Securities Inc. acquired a new stake in shares of StoneX Group in the 2nd quarter valued at approximately $26,000. Cassaday & Co Wealth Management LLC bought a new position in shares of StoneX Group in the first quarter valued at $34,000. Sterling Capital Management LLC increased its holdings in StoneX Group by 48.7% during the first quarter. Sterling Capital Management LLC now owns 476 shares of the company's stock worth $38,000 after buying an additional 156 shares during the last quarter. Basecamp Wealth Advisors LLC increased its holdings in StoneX Group by 49.7% during the first 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 last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in StoneX Group during the second quarter worth $42,000. Institutional investors own 75.93% of the company's stock.

Analysts Set New Price Targets

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