Mark Lowry Maurer Sells 52,648 Shares of StoneX Group (NASDAQ:SNEX) Stock

Key Points

• StoneX insider Mark Lowry Maurer sold 52,648 shares at an average price of $66.25, generating approximately $3.49 million. The transaction was conducted under a pre-arranged Rule 10b5-1 plan and reduced his direct holdings by 18.18% to 236,964 shares.
• StoneX reported quarterly EPS of $1.00, exceeding the $0.86 consensus estimate, while revenue of $718 million fell below analysts’ $1.32 billion expectation.
• SNEX shares traded near $65.97, well below their 50-day moving average of $79.26 and 12-month high of $94.66. Despite recent analyst downgrades, the stock retains a consensus “Buy” rating with an average price target of $112.

StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) insider Mark Lowry Maurer sold 52,648 shares of the business's stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $66.25, for a total transaction of $3,487,930.00. Following the transaction, the insider directly owned 236,964 shares of the company's stock, valued at approximately $15,698,865. This represents a 18.18% decrease in their position. The sale 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.

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

• On Wednesday, July 22nd, Mark Lowry Maurer sold 52,376 shares of StoneX Group stock. The stock was sold at an average price of $74.32, for a total transaction of $3,892,584.32.
• On Tuesday, June 16th, Mark Lowry Maurer sold 17,313 shares of StoneX Group stock. The shares were sold at an average price of $89.09, for a total transaction of $1,542,357.46.
• On Monday, June 15th, Mark Lowry Maurer sold 52,059 shares of StoneX Group stock. The shares were sold at an average price of $90.21, for a total transaction of $4,696,068.86.

StoneX Group Price Performance

Shares of StoneX Group stock traded up $1.25 during trading on Tuesday, hitting $65.97. The stock had a trading volume of 876,699 shares, compared to its average volume of 1,125,212. The company has a current ratio of 1.82, a quick ratio of 1.39 and a debt-to-equity ratio of 1.45. StoneX Group Inc. has a 12 month low of $36.45 and a 12 month high of $94.66. The firm has a market cap of $7.96 billion, a price-to-earnings ratio of 15.75 and a beta of 0.66. The business's 50-day moving average is $79.26 and its 200 day moving average is $74.82.

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, beating 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 company had revenue of $718.00 million during the quarter, compared to analyst estimates of $1.32 billion. As a group, 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

Large investors have recently modified their holdings of the company. BlackRock Inc. purchased a new stake in StoneX Group in the second quarter worth approximately $1,343,877,000. Wasatch Advisors LP bought a new stake in shares of StoneX Group in the 2nd quarter worth approximately $139,730,000. Dimensional Fund Advisors LP lifted its holdings in shares of StoneX Group by 50.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,107,795 shares of the company's stock worth $169,976,000 after acquiring an additional 704,493 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of StoneX Group by 18.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,851,468 shares of the company's stock valued at $271,261,000 after purchasing an additional 439,771 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of StoneX Group in the 2nd quarter valued at $51,254,000. 75.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SNEX has been the topic of several research analyst reports. Jefferies Financial Group cut shares of StoneX Group from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $123.00 to $112.00 in a research report on Monday, July 20th. Zacks Research upgraded shares of StoneX Group from a "hold" rating to a "strong-buy" rating in a research report on Friday. Wall Street Zen cut shares of StoneX Group from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Weiss Ratings downgraded shares of StoneX Group from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday, July 17th. One investment 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. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $112.00.

About StoneX Group

StoneX Group Inc NASDAQ: SNEX is a global financial services firm offering execution, risk management, advisory and post-trade solutions across commodities, currencies, securities and digital assets. The company serves commercial businesses, institutional clients and financial intermediaries, providing market access and tailored services designed to help clients manage price risk, optimize working capital and execute complex transactions.

StoneX operates through several core segments.

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