Insider Selling: StoneX Group Inc. (NASDAQ:SNEX) CEO Sells 40,553 Shares of Stock

StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) CEO Philip Andrew Smith sold 40,553 shares of the company's stock in a transaction dated Thursday, April 17th. The stock was sold at an average price of $80.30, for a total value of $3,256,405.90. Following the completion of the transaction, the chief executive officer now owns 342,711 shares of the company's stock, valued at $27,519,693.30. The trade was a 10.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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 stock was sold at an average price of $80.07, for a total transaction of $356,071.29.
• On Friday, April 4th, Philip Andrew Smith sold 9,000 shares of StoneX Group stock. The shares were sold at an average price of $69.56, for a total transaction of $626,040.00.

StoneX Group Trading Up 1.9 %

SNEX traded up $1.62 on Friday, hitting $87.61. 407,964 shares of the company were exchanged, compared to its average volume of 270,764. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.29 and a current ratio of 1.77. The firm has a fifty day simple moving average of $77.96 and a two-hundred day simple moving average of $71.03. The stock has a market capitalization of $4.22 billion, a PE ratio of 10.47 and a beta of 0.65. StoneX Group Inc. has a 12 month low of $46.43 and a 12 month high of $88.07.

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

Analysts Set New Price Targets

Separately, William Blair began coverage on shares of StoneX Group in a research report on Wednesday, March 26th. They set an "outperform" rating for the company.

Hedge Funds Weigh In On StoneX Group

A number of hedge funds and other institutional investors have recently made changes to their positions in SNEX. Kestra Investment Management LLC purchased a new stake in shares of StoneX Group in the 4th quarter worth about $31,000. GAMMA Investing LLC increased its stake in StoneX Group by 92.7% during the 1st quarter. GAMMA Investing LLC now owns 742 shares of the company's stock valued at $57,000 after purchasing an additional 357 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in StoneX Group by 250.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 656 shares of the company's stock worth $64,000 after acquiring an additional 469 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new position in shares of StoneX Group in the fourth quarter worth $75,000. Finally, KBC Group NV raised its position in StoneX Group by 39.0% in the 4th quarter. KBC Group NV now owns 1,309 shares of the company's stock worth $128,000 after buying an additional 367 shares during the last quarter. Institutional investors own 75.93% of the company's stock.

About StoneX Group

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.