StoneX Group Inc. (NASDAQ:SNEX) CEO Sells $627,600.00 in Stock

StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) CEO Philip Andrew Smith sold 7,500 shares of StoneX Group stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $83.68, for a total value of $627,600.00. Following the sale, the chief executive officer now owns 327,754 shares in the company, valued at $27,426,454.72. This represents a 2.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, May 5th, Philip Andrew Smith sold 7,457 shares of StoneX Group stock. The shares were sold at an average price of $93.26, for a total value of $695,439.82.
• On Thursday, April 17th, Philip Andrew Smith sold 40,553 shares of StoneX Group stock. The shares were sold at an average price of $80.30, for a total value of $3,256,405.90.
• 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 value 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 value of $626,040.00.

StoneX Group Price Performance

Shares of SNEX stock traded down $1.32 during mid-day trading on Friday, hitting $83.83. 27,476 shares of the stock traded hands, compared to its average volume of 378,750. StoneX Group Inc. has a twelve month low of $46.71 and a twelve month high of $97.17. 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 company's 50-day simple moving average is $84.52 and its 200-day simple moving average is $76.86. The firm has a market cap of $4.10 billion, a price-to-earnings ratio of 10.02 and a beta of 0.53.

StoneX Group (NASDAQ:SNEX - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The company reported $1.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.32 by $0.09. StoneX Group had a net margin of 0.26% and a return on equity of 16.83%. The business had revenue of $956.00 million for the quarter, compared to analyst estimates of $907.30 million. As a group, equities research analysts expect that StoneX Group Inc. will post 8.7 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SNEX. Rhumbline Advisers raised its stake in StoneX Group by 45.9% during the first quarter. Rhumbline Advisers now owns 129,081 shares of the company's stock worth $9,860,000 after acquiring an additional 40,603 shares in the last quarter. Strs Ohio acquired a new stake in shares of StoneX Group in the 1st quarter valued at $1,066,000. Acadian Asset Management LLC raised its stake in shares of StoneX Group by 50.0% during the first quarter. Acadian Asset Management LLC now owns 831 shares of the company's stock worth $63,000 after buying an additional 277 shares during the last quarter. Intech Investment Management LLC increased its holdings in StoneX Group by 75.1% in the first quarter. Intech Investment Management LLC now owns 51,146 shares of the company's stock valued at $3,907,000 after purchasing an additional 21,932 shares during the last quarter. Finally, Focus Partners Wealth boosted its holdings in StoneX Group by 48.7% during the first quarter. Focus Partners Wealth now owns 12,060 shares of the company's stock worth $921,000 after buying an additional 3,951 shares during the last quarter. Institutional investors and hedge funds own 75.93% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.