Sean Michael Oconnor Sells 75,000 Shares of StoneX Group (NASDAQ:SNEX) Stock

StoneX Group Inc. (NASDAQ:SNEX) Chairman Sean Michael Oconnor sold 75,000 shares of StoneX Group stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $131.15, for a total transaction of $9,836,250.00. Following the completion of the transaction, the chairman directly owned 1,161,921 shares in the company, valued at approximately $152,385,939.15. The trade was a 6.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Sean Michael Oconnor also recently made the following trade(s):

• On Monday, June 15th, Sean Michael Oconnor sold 75,000 shares of StoneX Group stock. The stock was sold at an average price of $135.42, for a total transaction of $10,156,500.00.
• On Tuesday, May 19th, Sean Michael Oconnor sold 72,140 shares of StoneX Group stock. The stock was sold at an average price of $109.94, for a total transaction of $7,931,071.60.
• On Friday, May 15th, Sean Michael Oconnor sold 140,070 shares of StoneX Group stock. The stock was sold at an average price of $110.31, for a total transaction of $15,451,121.70.
• On Monday, May 18th, Sean Michael Oconnor sold 87,790 shares of StoneX Group stock. The stock was sold at an average price of $111.46, for a total transaction of $9,785,073.40.

StoneX Group Stock Performance

NASDAQ:SNEX traded down $3.84 during trading hours on Tuesday, hitting $131.89. 1,505,184 shares of the company were exchanged, compared to its average volume of 697,201. The stock has a market capitalization of $10.45 billion, a price-to-earnings ratio of 23.57 and a beta of 0.64. StoneX Group Inc. has a 52-week low of $53.52 and a 52-week high of $139.24. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.74 and a quick ratio of 1.33. The company’s 50 day moving average price is $109.51 and its 200-day moving average price is $106.45.

Shares of StoneX Group are set to split before the market opens on Monday, July 20th. The 3-2 split was announced on Tuesday, May 26th. The newly created shares will be payable to shareholders after the closing bell on Friday, July 17th.

StoneX Group (NASDAQ:SNEX) last released its 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 for the quarter, compared to the consensus estimate of $1.37 billion. StoneX Group had a net margin of 0.30% and a return on equity of 19.31%. As a group, research analysts forecast that StoneX Group Inc. will post 6 earnings per share for the current year.

Hedge Funds Weigh In On StoneX Group

Large investors have recently made changes to their positions in the company. AlphaQuest LLC lifted its stake in shares of StoneX Group by 28,000.0% in the 3rd quarter. AlphaQuest LLC now owns 281 shares of the company’s stock valued at $28,000 after purchasing an additional 280 shares during the period. Cassaday & Co Wealth Management LLC acquired a new position in shares of StoneX Group in the 1st quarter valued at $34,000. Transamerica Financial Advisors LLC lifted its stake in shares of StoneX Group by 183.0% in the 4th quarter. Transamerica Financial Advisors LLC now owns 433 shares of the company’s stock valued at $41,000 after purchasing an additional 280 shares during the period. Sterling Capital Management LLC lifted its stake in shares of StoneX Group by 48.8% in the 1st quarter. Sterling Capital Management LLC now owns 476 shares of the company’s stock valued at $38,000 after purchasing an additional 156 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in shares of StoneX Group in the 4th quarter valued at $50,000. 75.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Wall Street Zen raised shares of StoneX Group from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. William Blair reaffirmed an “outperform” rating on shares of StoneX Group in a report on Monday, March 9th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of StoneX Group in a report on Friday, May 22nd. Finally, Zacks Research raised shares of StoneX Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to MarketBeat.com, StoneX Group presently has a consensus rating of “Buy” and a consensus target price 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.