StoneX Group (NASDAQ:SNEX) Director John Moore Fowler Sells 1,575 Shares of Stock

Key Points

• Director John Moore Fowler sold 1,575 StoneX shares at an average price of $75.41, generating $118,770.75. The Rule 10b5-1 plan transaction reduced his holdings by 0.61%, leaving him with 255,271 shares.
• StoneX shares fell $9.44 to $66.58 in midday trading, while the company reported quarterly EPS of $1.00, beating analysts’ $0.86 estimate. Revenue was $718 million versus the $1.32 billion consensus forecast.
• Analyst sentiment remains a “Moderate Buy”, with a consensus price target of $112, although Jefferies downgraded the stock to “Hold” and lowered its target to $112 from $123.

StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) Director John Moore Fowler sold 1,575 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $75.41, for a total transaction of $118,770.75. Following the completion of the transaction, the director owned 255,271 shares in the company, valued at $19,249,986.11. This trade represents a 0.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

StoneX Group Stock Performance

SNEX stock traded down $9.44 during midday trading on Thursday, reaching $66.58. 1,845,052 shares of the company's stock traded hands, compared to its average volume of 1,125,706. StoneX Group Inc. has a 52-week low of $36.25 and a 52-week high of $94.66. The stock has a market cap of $7.91 billion, a P/E ratio of 17.84 and a beta of 0.66. The company has a current ratio of 1.74, a quick ratio of 1.33 and a debt-to-equity ratio of 1.27. The stock's 50-day moving average is $79.86 and its 200 day moving average is $74.95.

StoneX Group (NASDAQ:SNEX - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.14. The business had revenue of $718.00 million for the quarter, compared to analysts' expectations of $1.32 billion. StoneX Group had a net margin of 0.30% and a return on equity of 19.31%. As a group, analysts anticipate that StoneX Group Inc. will post 4 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on SNEX shares. Weiss Ratings downgraded StoneX Group from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday, July 17th. Zacks Research cut shares of StoneX Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 6th. Finally, Jefferies Financial Group downgraded shares of StoneX Group from a "buy" rating to a "hold" rating and lowered their price target for the company from $123.00 to $112.00 in a report on Monday, July 20th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, StoneX Group has a consensus rating of "Moderate Buy" and a consensus price target of $112.00.

Institutional Investors Weigh In On StoneX Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Cassaday & Co Wealth Management LLC purchased a new stake in shares of StoneX Group during the first quarter worth about $34,000. Transamerica Financial Advisors LLC lifted its holdings in StoneX Group by 183.0% in the 4th quarter. Transamerica Financial Advisors LLC now owns 433 shares of the company's stock worth $41,000 after purchasing an additional 280 shares in the last quarter. Sterling Capital Management LLC boosted its stake in StoneX Group by 48.7% in the 1st quarter. Sterling Capital Management LLC now owns 476 shares of the company's stock worth $38,000 after purchasing an additional 156 shares during the period. Basecamp Wealth Advisors LLC grew its holdings in StoneX Group by 49.7% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 512 shares of the company's stock valued at $41,000 after buying an additional 170 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of StoneX Group during the fourth quarter valued at approximately $50,000. 75.93% of the stock is owned by institutional investors.

StoneX Group Company Profile

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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