StoneX Group (NASDAQ:SNEX) Insider Mark Lowry Maurer Sells 52,564 Shares of Stock

Key Points

• StoneX insider Mark Lowry Maurer sold 52,564 shares for approximately $3.62 million at an average price of $68.83, reducing his ownership by 17.16% to 253,772 shares. The sale was conducted under a pre-arranged Rule 10b5-1 trading plan.
• StoneX shares fell 2.4% to $66.86, trading below their 50-day and 200-day moving averages. The stock has a market capitalization of about $8.06 billion and has ranged from $36.45 to $94.66 over the past year.
• Analyst sentiment remains generally positive, with an average “Buy” rating and a consensus price target of $112, despite some recent downgrades. The company also exceeded quarterly earnings expectations, reporting adjusted EPS of $1.00 versus the $0.86 consensus estimate.

StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) insider Mark Maurer sold 52,564 shares of the firm's stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $68.83, for a total transaction of $3,617,980.12. Following the completion of the transaction, the insider owned 253,772 shares in the company, valued at approximately $17,467,126.76. The trade was a 17.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, September 15th, Mark Maurer sold 50,528 shares of StoneX Group stock. The stock was sold at an average price of $67.02, for a total transaction of $3,386,386.56.
• On Friday, August 7th, Mark Maurer sold 52,648 shares of StoneX Group stock. The stock was sold at an average price of $66.25, for a total value of $3,487,930.00.
• On Wednesday, July 22nd, Mark Maurer sold 52,376 shares of StoneX Group stock. The stock was sold at an average price of $74.32, for a total value of $3,892,584.32.

StoneX Group Trading Down 2.4%

StoneX Group stock traded down $1.67 during midday trading on Tuesday, hitting $66.86. 785,378 shares of the stock were exchanged, compared to its average volume of 729,910. The stock's 50-day simple moving average is $71.03 and its 200 day simple moving average is $72.76. StoneX Group Inc. has a fifty-two week low of $36.45 and a fifty-two 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 stock has a market capitalization of $8.06 billion, a price-to-earnings ratio of 15.96 and a beta of 0.63.

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 the consensus estimate of $0.86 by $0.14. The company 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%. On average, equities analysts anticipate that StoneX Group Inc. will post 4.35 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SNEX. Zacks Research upgraded StoneX Group from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 7th. Wall Street Zen cut shares of StoneX Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. 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. Finally, Weiss Ratings raised StoneX Group from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $112.00.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SNEX. WINTON GROUP Ltd lifted its stake in StoneX Group by 9.5% in the second quarter. WINTON GROUP Ltd now owns 81,529 shares of the company's stock valued at $9,661,000 after buying an additional 7,078 shares during the last quarter. Engineers Gate Manager LP acquired a new position in shares of StoneX Group in the 2nd quarter valued at $488,000. Integrated Wealth Concepts LLC acquired a new position in shares of StoneX Group in the 2nd quarter valued at $111,000. BayBridge Capital Group LLC raised its position in StoneX Group by 5.3% in the 2nd quarter. BayBridge Capital Group LLC now owns 4,166 shares of the company's stock valued at $494,000 after purchasing an additional 208 shares during the last quarter. Finally, Arizona State Retirement System raised its position in StoneX Group by 7.0% in the 2nd quarter. Arizona State Retirement System now owns 19,543 shares of the company's stock valued at $2,316,000 after purchasing an additional 1,272 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 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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