StoneX Group Inc. (NASDAQ:SNEX) Insider Abigail H. Perkins Sells 16,098 Shares

StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) insider Abigail H. Perkins sold 16,098 shares of the stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $85.04, for a total transaction of $1,368,973.92. Following the transaction, the insider now directly owns 31,076 shares of the company's stock, valued at $2,642,703.04. The trade was a 34.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

StoneX Group Stock Up 1.6%

SNEX stock traded up $1.31 during midday trading on Monday, hitting $85.55. The company's 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. StoneX Group Inc. has a 52-week low of $46.71 and a 52-week high of $97.17. The firm has a market capitalization of $4.18 billion, a P/E ratio of 10.22 and a beta of 0.53. The firm has a 50-day simple moving average of $84.81 and a 200-day simple moving average of $77.06.

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

Institutional Investors Weigh In On StoneX Group

Several institutional investors have recently modified their holdings of the company. Rhumbline Advisers lifted its position in shares of StoneX Group by 45.9% during the 1st quarter. Rhumbline Advisers now owns 129,081 shares of the company's stock worth $9,860,000 after purchasing an additional 40,603 shares during the last quarter. Strs Ohio purchased a new stake in StoneX Group in the first quarter valued at $1,066,000. Acadian Asset Management LLC lifted its position in StoneX Group by 50.0% in the first quarter. Acadian Asset Management LLC now owns 831 shares of the company's stock valued at $63,000 after acquiring an additional 277 shares during the last quarter. Intech Investment Management LLC lifted its position 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 acquiring an additional 21,932 shares during the last quarter. Finally, Focus Partners Wealth lifted its position in StoneX Group by 48.7% in the first quarter. Focus Partners Wealth now owns 12,060 shares of the company's stock valued at $921,000 after acquiring an additional 3,951 shares during the last quarter. 75.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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.

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