StoneX Group (NASDAQ:SNEX) CEO Sells $2,766,900.00 in Stock

Key Points

• CEO Philip Andrew Smith sold 30,000 shares on April 10 at an average price of $92.23 for a total of $2,766,900 under a Rule 10b5-1 plan, cutting his stake by 5.51% to 514,719 shares valued at about $47.47 million.
• Shares traded at $102.23 mid-day (near a 52-week high of $103.05); StoneX has a market cap of $8.04 billion and a PE of 22.89, and its latest quarter showed EPS $2.50 (beat) while revenue of $724 million missed the $1.24 billion consensus.
• Street sentiment is positive with a consensus Moderate Buy and an average price target of $122 (Jefferies raised its target to $122), and about 75.93% of the stock is held by institutional investors.

StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) CEO Philip Andrew Smith sold 30,000 shares of StoneX Group stock in a transaction on Friday, April 10th. The stock was sold at an average price of $92.23, for a total transaction of $2,766,900.00. Following the sale, the chief executive officer directly owned 514,719 shares of the company's stock, valued at $47,472,533.37. This represents a 5.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

StoneX Group Price Performance

Shares of NASDAQ SNEX traded up $2.86 during mid-day trading on Tuesday, reaching $102.23. 1,054,225 shares of the company were exchanged, compared to its average volume of 695,403. StoneX Group Inc. has a 52 week low of $52.00 and a 52 week high of $103.05. The company has a quick ratio of 1.34, a current ratio of 1.80 and a debt-to-equity ratio of 1.34. The stock has a market capitalization of $8.04 billion, a PE ratio of 22.89 and a beta of 0.42. The company's 50 day moving average price is $107.37 and its 200 day moving average price is $100.90.

StoneX Group (NASDAQ:SNEX - Get Free Report) last posted its quarterly earnings data on Wednesday, February 4th. The company reported $2.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.06 by $0.44. StoneX Group had a net margin of 0.25% and a return on equity of 16.43%. The company had revenue of $724.00 million during the quarter, compared to the consensus estimate of $1.24 billion. Sell-side analysts forecast that StoneX Group Inc. will post 8.7 earnings per share for the current fiscal year.

Institutional Trading of StoneX Group

Several hedge funds have recently added to or reduced their stakes in the business. Private Trust Co. NA increased its position in shares of StoneX Group by 2,109.1% in the third quarter. Private Trust Co. NA now owns 243 shares of the company's stock valued at $25,000 after acquiring an additional 232 shares during the period. Cornerstone Planning Group LLC increased its position in shares of StoneX Group by 4,133.3% during the third quarter. Cornerstone Planning Group LLC now owns 254 shares of the company's stock valued at $26,000 after buying an additional 248 shares during the period. Cullen Frost Bankers Inc. increased its position in shares of StoneX Group by 1,100.0% during the third quarter. Cullen Frost Bankers Inc. now owns 264 shares of the company's stock valued at $27,000 after buying an additional 242 shares during the period. AlphaQuest LLC increased its position in shares of StoneX Group by 28,000.0% during the third quarter. AlphaQuest LLC now owns 281 shares of the company's stock valued at $28,000 after buying an additional 280 shares during the period. Finally, Salomon & Ludwin LLC purchased a new position in shares of StoneX Group during the third quarter valued at about $37,000. 75.93% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on SNEX. Zacks Research downgraded shares of StoneX Group from a "strong-buy" rating to a "hold" rating in a report on Monday, April 6th. Weiss Ratings raised shares of StoneX Group from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, February 23rd. William Blair reaffirmed an "outperform" rating on shares of StoneX Group in a report on Monday, March 9th. Wall Street Zen raised shares of StoneX Group from a "hold" rating to a "buy" rating in a report on Sunday, April 5th. Finally, Jefferies Financial Group lifted their price objective on shares of StoneX Group from $99.00 to $122.00 and gave the stock a "buy" rating in a report on Monday, February 2nd. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, StoneX Group currently has a consensus rating of "Moderate Buy" and an average price target of $122.00.

About StoneX Group

StoneX Group Inc NASDAQ: SNEX is a global financial services firm offering execution, risk management, advisory and post-trade solutions across commodities, currencies, securities and digital assets. The company serves commercial businesses, institutional clients and financial intermediaries, providing market access and tailored services designed to help clients manage price risk, optimize working capital and execute complex transactions.

StoneX operates through several core segments.

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