William Dunaway Sells 63,602 Shares of StoneX Group (NASDAQ:SNEX) Stock

StoneX Group Inc. (NASDAQ:SNEX) CFO William Dunaway sold 63,602 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $131.16, for a total value of $8,342,038.32. Following the completion of the transaction, the chief financial officer directly owned 294,359 shares of the company’s stock, valued at $38,608,126.44. This represents a 17.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible 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 $131.90 on Wednesday. The stock’s 50 day moving average is $110.46 and its 200 day moving average is $106.74. 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 Inc. has a twelve month low of $53.52 and a twelve month high of $139.24. The company has a market capitalization of $10.45 billion, a P/E ratio of 23.57 and a beta of 0.64.

Shares of StoneX Group are scheduled to split on Monday, July 20th. The 3-2 split was announced on Tuesday, May 26th. The newly issued shares will be distributed to shareholders after the market closes on Friday, July 17th.

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

Wall Street Analysts Forecast Growth

SNEX has been the topic of several research analyst reports. Wall Street Zen raised StoneX Group from a “hold” rating to a “buy” rating in a report on Sunday, April 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of StoneX Group in a report on Friday, May 22nd. William Blair reissued an “outperform” rating on shares of StoneX Group in a report on Monday, March 9th. Finally, Zacks Research raised StoneX Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $122.00.

Key Stories Impacting StoneX Group

Here are the key news stories impacting StoneX Group this week:

• Positive Sentiment: StoneX recently hit a new 12-month high, reflecting strong recent investor demand and momentum in the shares. StoneX Group (NASDAQ:SNEX) Hits New 12-Month High – Should You Buy?
• Positive Sentiment: The stock had a strong prior-session move with above-average volume, suggesting traders are still responding favorably to recent earnings results and analyst sentiment. StoneX Group (SNEX) Soars 3.9%: Is Further Upside Left in the Stock?
• Neutral Sentiment: The company announced a 3-for-2 stock split scheduled for July 20, which can improve trading liquidity and attention but does not change fundamentals. StoneX Group insider trades page
• Negative Sentiment: Chairman Sean Michael Oconnor sold 150,000 shares in two transactions, CFO William Dunaway sold 63,602 shares, President Charles M. Lyon sold 9,000 shares, and Director Annabelle G. Bexiga sold 1,500 shares, adding to concerns that insiders may be taking profits after the recent rally. SEC filing

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SNEX. Royal Bank of Canada grew its position in shares of StoneX Group by 129.0% during the first quarter. Royal Bank of Canada now owns 77,545 shares of the company’s stock valued at $5,923,000 after purchasing an additional 43,678 shares in the last quarter. NewEdge Advisors LLC purchased a new position in shares of StoneX Group during the first quarter valued at about $449,000. Goldman Sachs Group Inc. grew its position in shares of StoneX Group by 6.5% during 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 in the last quarter. United Services Automobile Association purchased a new position in shares of StoneX Group during the first quarter valued at about $210,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of 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 valued at $8,182,000 after purchasing an additional 38,073 shares in the last quarter. Hedge funds and other institutional investors own 75.93% of the company’s stock.

About StoneX Group

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.