StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) Director John Moore Fowler sold 1,050 shares of the business's stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $106.25, for a total value of $111,562.50. Following the completion of the transaction, the director directly owned 171,246 shares in the company, valued at approximately $18,194,887.50. This trade represents a 0.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
StoneX Group Trading Up 2.1%
SNEX traded up $2.18 during trading on Tuesday, hitting $108.06. The company's stock had a trading volume of 658,348 shares, compared to its average volume of 671,931. StoneX Group Inc. has a twelve month low of $53.52 and a twelve month high of $108.77. 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's fifty day moving average price is $102.54 and its 200-day moving average price is $101.36. The firm has a market capitalization of $8.50 billion, a P/E ratio of 24.19 and a beta of 0.64.
StoneX Group (NASDAQ:SNEX - Get Free Report) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.06 by $0.44. StoneX Group had a return on equity of 16.43% and a net margin of 0.25%.The firm had revenue of $724.00 million for the quarter, compared to analyst estimates of $1.24 billion. Analysts anticipate that StoneX Group Inc. will post 5.8 EPS for the current year.
Hedge Funds Weigh In On StoneX Group
A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of StoneX Group by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 4,031,545 shares of the company's stock worth $383,521,000 after purchasing an additional 11,240 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of StoneX Group by 18.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,851,468 shares of the company's stock worth $271,261,000 after purchasing an additional 439,771 shares during the period. State Street Corp raised its position in shares of StoneX Group by 0.3% during the fourth quarter. State Street Corp now owns 1,829,897 shares of the company's stock worth $174,078,000 after purchasing an additional 6,220 shares during the period. T. Rowe Price Investment Management Inc. raised its position in shares of StoneX Group by 24.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,499,292 shares of the company's stock worth $142,628,000 after purchasing an additional 294,203 shares during the period. Finally, AltraVue Capital LLC raised its position in shares of StoneX Group by 0.9% during the third quarter. AltraVue Capital LLC now owns 1,313,712 shares of the company's stock worth $132,580,000 after purchasing an additional 11,740 shares during the period. 75.93% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on the company. Jefferies Financial Group boosted their price target on StoneX Group from $99.00 to $122.00 and gave the company a "buy" rating in a research note on Monday, February 2nd. Zacks Research lowered StoneX Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 6th. William Blair reissued an "outperform" rating on shares of StoneX Group in a research note on Monday, March 9th. Wall Street Zen raised StoneX Group from a "hold" rating to a "buy" rating in a research note on Sunday, April 5th. Finally, Weiss Ratings raised StoneX Group from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, February 23rd. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $122.00.
Check Out Our Latest Stock Report on SNEX
About StoneX Group
(
Get Free Report)
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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