StoneX Group (NASDAQ:SNEX) Stock: Insider Mark Lowry Maurer Sells 52,953 Shares

Key Points

• StoneX insider Mark Lowry Maurer sold 52,953 shares at an average price of $60.35, generating approximately $3.20 million. The transaction reduced his direct ownership by 19.42% to 219,663 shares and was conducted under a Rule 10b5-1 trading plan.
• Maurer has made several additional sales since July, selling more than 200,000 shares in total at prices ranging from $66.25 to $74.32.
• StoneX shares recently traded near $59.93, while analysts have largely downgraded the stock to Hold; the consensus target price is $112.00, compared with a market capitalization of approximately $7.23 billion.

StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) insider Mark Maurer sold 52,953 shares of the company's stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $60.35, for a total transaction of $3,195,713.55. Following the completion of the sale, the insider directly owned 219,663 shares of the company's stock, valued at $13,256,662.05. The trade was a 19.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 Monday, September 14th, Mark Maurer sold 52,564 shares of StoneX Group stock. The stock was sold at an average price of $68.83, for a total transaction of $3,617,980.12.
• 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 transaction 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 0.5%

Shares of NASDAQ:SNEX traded down $0.31 during midday trading on Wednesday, reaching $59.93. The company had a trading volume of 869,617 shares, compared to its average volume of 1,018,515. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.39 and a current ratio of 1.82. StoneX Group Inc. has a 1-year low of $36.45 and a 1-year high of $94.66. The firm has a market cap of $7.23 billion, a price-to-earnings ratio of 14.38 and a beta of 0.62. The company has a fifty day simple moving average of $67.06 and a two-hundred day simple moving average of $71.89.

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, 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 the consensus estimate of $1.32 billion. Research analysts predict that StoneX Group Inc. will post 4.35 earnings per share for the current year.

Institutional Investors Weigh In On StoneX Group

A number of hedge funds and other institutional investors have recently made changes to their positions in SNEX. B. Metzler seel. Sohn & Co. AG bought a new position in StoneX Group during the second quarter valued at approximately $3,079,000. Bank of America Corp DE bought a new stake in StoneX Group in the second quarter worth approximately $51,370,000. Coppell Advisory Solutions LLC bought a new stake in StoneX Group in the second quarter worth approximately $3,738,000. Deutsche Bank AG acquired a new position in shares of StoneX Group during the 2nd quarter worth $13,328,000. Finally, Man Group plc acquired a new position in shares of StoneX Group during the 2nd quarter worth $3,495,000. 75.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on SNEX shares. Wall Street Zen lowered StoneX Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Jefferies Financial Group cut shares of StoneX Group from a "buy" rating to a "hold" rating and decreased their price target for the stock from $123.00 to $112.00 in a report on Monday, July 20th. Weiss Ratings cut shares of StoneX Group from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, September 29th. Finally, Zacks Research downgraded 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's stock. Based on data from MarketBeat.com, StoneX Group has a consensus rating of "Hold" and an average target price of $112.00.

StoneX Group Company Profile

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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