StoneX Group (NASDAQ:SNEX) Stock: Insider Sean Michael Oconnor Sells 76,148 Shares

Key Points

• StoneX Chairman Sean O’Connor sold 76,148 shares at an average price of $60.35, generating approximately $4.6 million. The Rule 10b5-1 transaction reduced his direct ownership by 3.99% to 1.83 million shares.
• StoneX shares fell 0.2% to $60.24, well below their 52-week high of $94.66. The company recently beat quarterly earnings expectations, reporting adjusted EPS of $1.00 versus the $0.86 consensus.
• Analyst sentiment is currently cautious, with a consensus “Hold” rating and an average price target of $112. Institutional investors own 75.93% of the company, with several major funds recently initiating or expanding positions.

StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) Chairman Sean O'Connor sold 76,148 shares of StoneX Group stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $60.35, for a total transaction of $4,595,531.80. Following the transaction, the chairman directly owned 1,831,799 shares in the company, valued at $110,549,069.65. This trade represents a 3.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sean Michael Oconnor also recently made the following trade(s):

• On Wednesday, July 22nd, Sean O'Connor sold 104,934 shares of StoneX Group stock. The stock was sold at an average price of $74.33, for a total transaction of $7,799,744.22.

StoneX Group Trading Down 0.2%

Shares of StoneX Group stock traded down $0.14 during trading on Tuesday, reaching $60.24. The company's stock had a trading volume of 1,624,795 shares, compared to its average volume of 976,441. 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 Inc. has a 52-week low of $36.45 and a 52-week high of $94.66. The firm's 50-day moving average is $67.36 and its two-hundred day moving average is $71.82. The company has a market cap of $7.27 billion, a price-to-earnings ratio of 14.41 and a beta of 0.62.

StoneX Group (NASDAQ:SNEX - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $1.00 EPS for the quarter, topping analysts' consensus estimates of $0.86 by $0.14. The company had revenue of $39.71 billion for the quarter, compared to analysts' expectations of $1.32 billion. StoneX Group had a net margin of 0.33% and a return on equity of 20.18%. On average, sell-side analysts anticipate that StoneX Group Inc. will post 4.35 earnings per share for the current year.

Hedge Funds Weigh In On StoneX Group

Hedge funds have recently modified their holdings of the company. BlackRock Inc. purchased a new stake in StoneX Group in the second quarter worth about $1,343,877,000. Wasatch Advisors LP bought a new stake in StoneX Group during the 2nd quarter valued at approximately $139,730,000. Dimensional Fund Advisors LP boosted its position in StoneX Group by 50.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,107,795 shares of the company's stock valued at $169,976,000 after acquiring an additional 704,493 shares in the last quarter. Punch & Associates Investment Management Inc. purchased a new position in shares of StoneX Group during the 2nd quarter worth approximately $82,250,000. Finally, Bank of America Corp DE purchased a new position in shares of StoneX Group during the 2nd quarter worth approximately $51,370,000. Hedge funds and other institutional investors own 75.93% of the company's stock.

Analysts Set New Price Targets

SNEX has been the topic of a number of recent research reports. Weiss Ratings cut StoneX Group from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, September 29th. Zacks Research lowered StoneX Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 5th. Wall Street Zen lowered StoneX Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Finally, Jefferies Financial Group cut StoneX Group from a "buy" rating to a "hold" rating and dropped their target price for the company from $123.00 to $112.00 in a report on Monday, July 20th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, StoneX Group currently has a consensus rating of "Hold" and an average price target of $112.00.

About StoneX Group

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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