StoneX Group Inc. (NASDAQ:SNEX) Insider Abigail H. Perkins Sells 10,112 Shares

StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) insider Abigail H. Perkins sold 10,112 shares of the stock in a transaction on Friday, June 13th. The shares were sold at an average price of $84.25, for a total transaction of $851,936.00. Following the sale, the insider now directly owns 37,616 shares of the company's stock, valued at $3,169,148. The trade was a 21.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

StoneX Group Stock Up 1.6%

StoneX Group stock traded up $1.31 during trading hours on Monday, hitting $85.55. The stock had a trading volume of 347,641 shares, compared to its average volume of 294,019. The company has a quick ratio of 1.29, a current ratio of 1.77 and a debt-to-equity ratio of 1.33. The stock has a market capitalization of $4.18 billion, a P/E ratio of 10.22 and a beta of 0.53. StoneX Group Inc. has a 12-month low of $46.71 and a 12-month high of $97.17. The stock's 50-day moving average price is $84.81 and its 200-day moving average price is $77.06.

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

Hedge Funds Weigh In On StoneX Group

Several large investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its position in StoneX Group by 23.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 51,572 shares of the company's stock valued at $5,067,000 after purchasing an additional 9,692 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of StoneX Group by 4.7% in the fourth quarter. Principal Financial Group Inc. now owns 156,520 shares of the company's stock worth $15,334,000 after purchasing an additional 7,078 shares during the last quarter. D.A. Davidson & CO. purchased a new stake in StoneX Group in the fourth quarter worth about $349,000. Kestra Investment Management LLC purchased a new stake in StoneX Group in the fourth quarter worth about $31,000. Finally, Convergence Investment Partners LLC lifted its position in shares of StoneX Group by 6.9% during the fourth quarter. Convergence Investment Partners LLC now owns 22,982 shares of the company's stock valued at $2,252,000 after buying an additional 1,488 shares during the last quarter. Hedge funds and other institutional investors own 75.93% of the company's stock.

Analyst Upgrades and Downgrades

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.