StoneX Group (NASDAQ:SNEX) Posts Quarterly Earnings Results, Misses Estimates By $0.17 EPS

Key Points

• StoneX Group reported a quarterly EPS of $1.22, which missed analysts' expectations by $0.19 per share.
• The company's stock price declined by 1.3% following the earnings report, reaching $96.96.
• Insider selling included CEO Philip Andrew Smith selling 7,500 shares, reducing his ownership by 2.24%.

StoneX Group (NASDAQ:SNEX - Get Free Report) issued its quarterly earnings results on Tuesday. The company reported $1.22 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.17), Zacks reports. StoneX Group had a return on equity of 16.20% and a net margin of 0.23%. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $923.10 million.

StoneX Group Trading Up 2.5%

SNEX traded up $2.16 during trading on Friday, hitting $89.33. 818,456 shares of the company's stock were exchanged, compared to its average volume of 548,043. The company has a current ratio of 2.07, a quick ratio of 1.35 and a debt-to-equity ratio of 1.30. StoneX Group has a 1 year low of $50.31 and a 1 year high of $100.40. The stock has a 50 day moving average price of $90.55 and a 200 day moving average price of $83.84. The firm has a market cap of $4.37 billion, a P/E ratio of 15.22 and a beta of 0.57.

Insider Activity at StoneX Group

In other StoneX Group news, insider Abigail H. Perkins sold 10,470 shares of the business's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $86.22, for a total transaction of $902,723.40. Following the completion of the sale, the insider directly owned 43,913 shares in the company, valued at $3,786,178.86. The trade was a 19.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Charles M. Lyon sold 13,000 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $86.92, for a total transaction of $1,129,960.00. Following the sale, the president owned 122,080 shares of the company's stock, valued at approximately $10,611,193.60. This represents a 9.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 76,430 shares of company stock valued at $6,582,552 over the last quarter. Company insiders own 11.70% of the company's stock.

Institutional Investors Weigh In On StoneX Group

Several institutional investors have recently bought and sold shares of the business. Acadian Asset Management LLC boosted its stake in shares of 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 purchasing an additional 277 shares during the period. United Services Automobile Association purchased a new position in shares of StoneX Group in the first quarter valued at $210,000. NewEdge Advisors LLC purchased a new position in shares of StoneX Group in the first quarter valued at $449,000. Focus Partners Wealth boosted its stake in shares of 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 purchasing an additional 3,951 shares during the period. Finally, Royal Bank of Canada boosted its stake in shares of StoneX Group by 129.0% in the first quarter. Royal Bank of Canada now owns 77,545 shares of the company's stock valued at $5,923,000 after purchasing an additional 43,678 shares during the period. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

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.