StoneX Group Inc. (NASDAQ:SNEX) CEO Sells $3,256,405.90 in Stock

StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) CEO Philip Andrew Smith sold 40,553 shares of the firm's stock in a transaction on Thursday, April 17th. The shares were sold at an average price of $80.30, for a total transaction of $3,256,405.90. Following the completion of the transaction, the chief executive officer now directly owns 342,711 shares in the company, valued at approximately $27,519,693.30. This represents a 10.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Philip Andrew Smith also recently made the following trade(s):

• On Tuesday, April 15th, Philip Andrew Smith sold 4,447 shares of StoneX Group stock. The shares were sold at an average price of $80.07, for a total value of $356,071.29.
• On Friday, April 4th, Philip Andrew Smith sold 9,000 shares of StoneX Group stock. The stock was sold at an average price of $69.56, for a total value of $626,040.00.

StoneX Group Stock Up 1.9 %

SNEX stock traded up $1.62 during trading on Friday, reaching $87.61. The stock had a trading volume of 407,964 shares, compared to its average volume of 270,764. The company has a current ratio of 1.77, a quick ratio of 1.29 and a debt-to-equity ratio of 1.33. The firm has a fifty day moving average price of $77.96 and a 200 day moving average price of $70.94. The company has a market capitalization of $4.22 billion, a P/E ratio of 10.47 and a beta of 0.65. StoneX Group Inc. has a 1-year low of $46.43 and a 1-year high of $88.07.

StoneX Group (NASDAQ:SNEX - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.43 by $0.26. StoneX Group had a return on equity of 16.83% and a net margin of 0.26%. On average, equities analysts anticipate that StoneX Group Inc. will post 8.7 earnings per share for the current year.

Hedge Funds Weigh In On StoneX Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. Jane Street Group LLC boosted its stake in StoneX Group by 72.2% during the 3rd quarter. Jane Street Group LLC now owns 23,621 shares of the company's stock valued at $1,934,000 after acquiring an additional 9,900 shares during the last quarter. Inspire Investing LLC bought a new position in shares of StoneX Group during the fourth quarter worth about $856,000. Principal Financial Group Inc. lifted its position in shares of StoneX Group by 11.0% during the third quarter. Principal Financial Group Inc. now owns 149,442 shares of the company's stock worth $12,236,000 after purchasing an additional 14,784 shares during the last quarter. Geode Capital Management LLC increased its holdings in StoneX Group by 2.7% in the third quarter. Geode Capital Management LLC now owns 671,257 shares of the company's stock valued at $54,973,000 after buying an additional 17,769 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in StoneX Group by 2.3% in the fourth quarter. Harbor Capital Advisors Inc. now owns 318,125 shares of the company's stock valued at $31,167,000 after buying an additional 7,037 shares during the last quarter. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, William Blair initiated coverage on shares of StoneX Group in a research note on Wednesday, March 26th. They set an "outperform" rating on the stock.

StoneX Group Company Profile

StoneX Group Inc operates as a global financial services network that connects companies, organizations, traders, and investors to market ecosystem worldwide. The company operates through Commercial, Institutional, Retail, and Global Payments segments. The Commercial segment provides risk management and hedging, exchange-traded and OTC products execution and clearing, voice brokerage, market intelligence, physical trading, and commodity financing and logistics services.