Insider Selling: StoneX Group (NASDAQ:SNEX) Director Sells 2,500 Shares of Stock

by · The Cerbat Gem

StoneX Group Inc. (NASDAQ:SNEX – Get Free Report) Director Eric Parthemore sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $123.30, for a total value of $308,250.00. Following the sale, the director owned 43,874 shares in the company, valued at approximately $5,409,664.20. This represents a 5.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

StoneX Group Stock Down 0.1%

Shares of NASDAQ:SNEX traded down $0.08 during midday trading on Monday, hitting $121.84. The stock had a trading volume of 693,364 shares, compared to its average volume of 690,221. The company has a market cap of $9.66 billion, a P/E ratio of 21.77 and a beta of 0.64. StoneX Group Inc. has a 12 month low of $53.52 and a 12 month high of $125.42. The business’s 50-day simple moving average is $101.32 and its 200-day simple moving average is $101.88. The company has a quick ratio of 1.33, a current ratio of 1.74 and a debt-to-equity ratio of 1.27.

StoneX Group (NASDAQ:SNEX – Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $2.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.47. StoneX Group had a net margin of 0.30% and a return on equity of 19.31%. The firm had revenue of $826.40 million for the quarter, compared to analyst estimates of $1.37 billion. On average, sell-side analysts forecast that StoneX Group Inc. will post 5.8 earnings per share for the current fiscal year.

Institutional Trading of StoneX Group

Hedge funds have recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC increased its position in StoneX Group by 4,133.3% during the 3rd quarter. Cornerstone Planning Group LLC now owns 254 shares of the company’s stock worth $26,000 after buying an additional 248 shares during the period. Cullen Frost Bankers Inc. boosted its position in shares of StoneX Group by 1,100.0% in the third quarter. Cullen Frost Bankers Inc. now owns 264 shares of the company’s stock valued at $27,000 after acquiring an additional 242 shares during the period. AlphaQuest LLC boosted its position in shares of StoneX Group by 28,000.0% in the third quarter. AlphaQuest LLC now owns 281 shares of the company’s stock valued at $28,000 after acquiring an additional 280 shares during the period. Cassaday & Co Wealth Management LLC acquired a new position in shares of StoneX Group in the first quarter valued at about $34,000. Finally, Sterling Capital Management LLC grew its stake in shares of StoneX Group by 48.8% in the first quarter. Sterling Capital Management LLC now owns 476 shares of the company’s stock valued at $38,000 after acquiring an additional 156 shares in the last quarter. 75.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SNEX has been the subject of a number of research analyst reports. William Blair reiterated an “outperform” rating on shares of StoneX Group in a report on Monday, March 9th. Zacks Research upgraded StoneX Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Wall Street Zen raised shares of StoneX Group from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. Jefferies Financial Group upped their price objective on shares of StoneX Group from $99.00 to $122.00 and gave the company a “buy” rating in a report on Monday, February 2nd. Finally, Weiss Ratings raised shares of StoneX Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $122.00.

Read Our Latest Stock Analysis on StoneX Group

StoneX Group Company Profile

(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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