StoneX Group (NASDAQ:SNEX) Stock: Insider John Moore Fowler Sells 1,575 Shares

Key Points

• StoneX director John Moore Fowler sold 1,575 shares for $89,570.25 at an average price of $56.87 under a pre-arranged Rule 10b5-1 plan.
• After the sale, Fowler still directly owned 253,834 shares, worth approximately $14.4 million; the transaction reduced his position by 0.62%.
• Analysts’ consensus rating was Hold, with a $112 price target. StoneX reported quarterly EPS of $1.00, beating the $0.86 consensus estimate.

StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) Director John Fowler sold 1,575 shares of the firm's stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $56.87, for a total value of $89,570.25. Following the completion of the sale, the director directly owned 253,834 shares in the company, valued at approximately $14,435,539.58. This trade represents a 0.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

StoneX Group Price Performance

Shares of SNEX opened at $53.62 on Friday. The company has a market cap of $6.47 billion, a P/E ratio of 12.80 and a beta of 0.66. The stock has a fifty day moving average price of $63.13 and a 200 day moving average price of $71.37. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.82 and a quick ratio of 1.39. StoneX Group Inc. has a 12 month low of $36.45 and a 12 month 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, topping 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 firm had revenue of $39.71 billion for the quarter, compared to analyst estimates of $1.32 billion. On average, research analysts forecast that StoneX Group Inc. will post 4.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on SNEX shares. Wall Street Zen cut shares of StoneX Group from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Jefferies Financial Group lowered shares of StoneX Group from a "buy" rating to a "hold" rating and reduced their target price for the company from $123.00 to $112.00 in a research note on Monday, July 20th. Weiss Ratings lowered shares of StoneX Group from a "hold (c+)" rating to a "hold (c)" rating in a research note on Wednesday, October 14th. Finally, Zacks Research cut shares of StoneX Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 5th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, StoneX Group presently has an average rating of "Hold" and a consensus price target of $112.00.

Institutional Trading of StoneX Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Fifth Third Bancorp raised its holdings in shares of StoneX Group by 56.3% during the 3rd quarter. Fifth Third Bancorp now owns 25,634 shares of the company's stock valued at $1,657,000 after purchasing an additional 9,232 shares in the last quarter. Maryland State Retirement & Pension System lifted its stake in shares of StoneX Group by 136.1% in the 3rd quarter. Maryland State Retirement & Pension System now owns 24,217 shares of the company's stock valued at $1,565,000 after purchasing an additional 13,958 shares during the last quarter. Ritholtz Wealth Management boosted its holdings in StoneX Group by 54.3% in the third quarter. Ritholtz Wealth Management now owns 12,462 shares of the company's stock worth $806,000 after purchasing an additional 4,384 shares in the last quarter. Illinois Municipal Retirement Fund boosted its holdings in StoneX Group by 134.0% in the third quarter. Illinois Municipal Retirement Fund now owns 107,956 shares of the company's stock worth $6,978,000 after purchasing an additional 61,812 shares in the last quarter. Finally, O Brien Greene & Co. Inc boosted its holdings in StoneX Group by 17.3% in the third quarter. O Brien Greene & Co. Inc now owns 33,398 shares of the company's stock worth $2,159,000 after purchasing an additional 4,924 shares in the last quarter. 75.93% of the stock is currently owned by institutional investors.

StoneX Group Company Profile

StoneX Group Inc is a global financial services company that provides execution, clearing, custody, market intelligence and risk-management services to commercial and institutional clients, broker-dealers, asset managers and individual investors. Through its network of regulated subsidiaries, the company offers access to a broad range of markets, including commodities, foreign exchange, equities, fixed income and derivatives.

StoneX's services include futures and options brokerage, physical commodities and commodity hedging, foreign exchange trading, securities execution and clearing, payments, and corporate treasury solutions.

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