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) posted its earnings results on Tuesday. The company reported $1.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.39 by ($0.17), Zacks reports. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $923.10 million. StoneX Group had a net margin of 0.23% and a return on equity of 16.63%.

StoneX Group Price Performance

Shares of StoneX Group stock traded up $5.11 during trading hours on Thursday, reaching $87.05. The stock had a trading volume of 548,650 shares, compared to its average volume of 405,055. The stock's 50 day moving average is $90.41 and its 200 day moving average is $83.53. The firm has a market capitalization of $4.26 billion, a PE ratio of 14.78 and a beta of 0.57. StoneX Group has a twelve month low of $50.31 and a twelve month high of $100.40. The company has a current ratio of 1.91, a quick ratio of 1.35 and a debt-to-equity ratio of 1.09.

Insider Activity

In other StoneX Group news, Chairman John Radziwill acquired 1,400 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The stock was bought at an average price of $85.00 per share, with a total value of $119,000.00. Following the purchase, the chairman owned 100,240 shares in the company, valued at approximately $8,520,400. The trade was a 1.42% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Charles M. Lyon sold 17,000 shares of the firm's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $87.92, for a total transaction of $1,494,640.00. Following the completion of the sale, the president owned 122,080 shares in the company, valued at $10,733,273.60. The trade was a 12.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 76,430 shares of company stock worth $6,582,552. Company insiders own 11.70% of the company's stock.

Institutional Trading of StoneX Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Acadian Asset Management LLC raised its position in StoneX Group by 50.0% during the first quarter. Acadian Asset Management LLC now owns 831 shares of the company's stock worth $63,000 after acquiring an additional 277 shares during the last quarter. Focus Partners Wealth increased its position in StoneX Group by 48.7% during the first quarter. Focus Partners Wealth now owns 12,060 shares of the company's stock worth $921,000 after purchasing an additional 3,951 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in StoneX Group by 55.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 107,125 shares of the company's stock worth $8,182,000 after buying an additional 38,073 shares during the period. United Services Automobile Association purchased a new stake in StoneX Group during the first quarter worth approximately $210,000. Finally, Goldman Sachs Group Inc. boosted its stake in shares of StoneX Group by 6.5% in the first quarter. Goldman Sachs Group Inc. now owns 225,711 shares of the company's stock valued at $17,240,000 after purchasing an additional 13,815 shares during the period. Institutional investors and hedge funds own 75.93% of the company's stock.

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.