Insider Selling: StoneX Group (NASDAQ:SNEX) CEO Sells 51,540 Shares

by · The Markets Daily

StoneX Group Inc. (NASDAQ:SNEX – Get Free Report) CEO Philip Andrew Smith sold 51,540 shares of StoneX Group stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $118.72, for a total transaction of $6,118,828.80. Following the sale, the chief executive officer directly owned 492,144 shares in the company, valued at approximately $58,427,335.68. This trade represents a 9.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Philip Andrew Smith also recently made the following trade(s):

  • On Friday, April 10th, Philip Andrew Smith sold 30,000 shares of StoneX Group stock. The shares were sold at an average price of $92.23, for a total transaction of $2,766,900.00.

StoneX Group Price Performance

Shares of NASDAQ:SNEX traded up $5.24 during midday trading on Wednesday, hitting $123.74. The company’s stock had a trading volume of 904,124 shares, compared to its average volume of 752,303. The business’s 50 day simple moving average is $117.78 and its 200 day simple moving average is $109.62. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.33 and a current ratio of 1.74. The company has a market cap of $9.81 billion, a P/E ratio of 22.11 and a beta of 0.64. StoneX Group Inc. has a 12-month low of $53.52 and a 12-month high of $141.99.

StoneX Group’s stock is scheduled to split on the morning of Monday, July 20th. The 3-2 split was announced on Tuesday, May 26th. The newly minted shares will be distributed to shareholders after the market closes on Friday, July 17th.

StoneX Group (NASDAQ:SNEX – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported $2.07 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.47. StoneX Group had a net margin of 0.30% and a return on equity of 19.31%. The company had revenue of $826.40 million during the quarter, compared to the consensus estimate of $1.37 billion. On average, analysts forecast that StoneX Group Inc. will post 6 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on SNEX shares. Wall Street Zen raised StoneX Group from a “hold” rating to a “buy” rating in a research note on Sunday, April 5th. William Blair reissued an “outperform” rating on shares of StoneX Group in a research report on Monday, March 9th. Zacks Research raised shares of StoneX Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Finally, Weiss Ratings upgraded shares of StoneX Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. According to MarketBeat.com, StoneX Group currently has a consensus rating of “Buy” and a consensus price target of $122.00.

Get Our Latest Stock Analysis on StoneX Group

Institutional Investors Weigh In On StoneX Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SNEX. Basecamp Wealth Advisors LLC increased its holdings in StoneX Group by 49.7% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 512 shares of the company’s stock valued at $41,000 after purchasing an additional 170 shares during the last quarter. NewEdge Advisors LLC lifted its stake in StoneX Group by 119.8% during the first quarter. NewEdge Advisors LLC now owns 10,814 shares of the company’s stock worth $872,000 after purchasing an additional 5,893 shares in the last quarter. Segall Bryant & Hamill LLC lifted its stake in StoneX Group by 89.5% during the first quarter. Segall Bryant & Hamill LLC now owns 299,088 shares of the company’s stock worth $24,121,000 after purchasing an additional 141,249 shares in the last quarter. Bank of America Corp DE grew its stake in shares of StoneX Group by 115.6% in the first quarter. Bank of America Corp DE now owns 464,475 shares of the company’s stock valued at $37,460,000 after buying an additional 249,088 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of StoneX Group by 177.7% in the 1st quarter. Janus Henderson Group PLC now owns 134,861 shares of the company’s stock valued at $10,876,000 after buying an additional 86,290 shares during the period. Institutional investors and hedge funds own 75.93% of the company’s stock.

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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