Annabelle Bexiga Sells 1,500 Shares of StoneX Group (NASDAQ:SNEX) Stock

StoneX Group Inc. (NASDAQ:SNEX) Director Annabelle Bexiga sold 1,500 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $112.82, for a total value of $169,230.00. Following the transaction, the director directly owned 21,688 shares of the company’s stock, valued at $2,446,840.16. The trade was a 6.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

StoneX Group Stock Performance

StoneX Group stock opened at $109.37 on Wednesday. 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 stock has a fifty day moving average of $100.20 and a two-hundred day moving average of $102.52. The company has a market capitalization of $8.67 billion, a price-to-earnings ratio of 19.54 and a beta of 0.64. StoneX Group Inc. has a fifty-two week low of $53.52 and a fifty-two week high of $125.42.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC boosted its holdings in StoneX Group by 4,133.3% in the third quarter. Cornerstone Planning Group LLC now owns 254 shares of the company’s stock valued at $26,000 after acquiring an additional 248 shares during the last quarter. Cullen Frost Bankers Inc. boosted its holdings in 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 last quarter. AlphaQuest LLC boosted its holdings in 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 last quarter. Cassaday & Co Wealth Management LLC acquired a new position in StoneX Group in the first quarter valued at $34,000. Finally, Sterling Capital Management LLC boosted its holdings in 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 during the last quarter. Institutional investors and hedge funds own 75.93% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on SNEX. Wall Street Zen raised StoneX Group from a “hold” rating to a “buy” rating in a research report 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 StoneX Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Jefferies Financial Group lifted their price objective on StoneX Group from $99.00 to $122.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Finally, Weiss Ratings raised 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 company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $122.00.

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.