Insider Selling: StoneX Group (NASDAQ:SNEX) CEO Sells $3,344,400.00 in Stock

StoneX Group Inc. (NASDAQ:SNEX) CEO Philip Andrew Smith sold 45,000 shares of StoneX Group stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $74.32, for a total value of $3,344,400.00. Following the sale, the chief executive officer directly owned 738,216 shares in the company, valued at approximately $54,864,213.12. This trade represents a 5.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, June 30th, Philip Andrew Smith sold 77,310 shares of StoneX Group stock. The shares were sold at an average price of $79.15, for a total value of $6,118,828.80.

StoneX Group Price Performance

Shares of SNEX stock opened at $77.62 on Friday. StoneX Group Inc. has a 12 month low of $35.68 and a 12 month high of $94.66. The company has a market capitalization of $9.23 billion, a P/E ratio of 20.80 and a beta of 0.65. The stock has a 50 day moving average of $79.79 and a two-hundred day moving average of $74.75. The company has a current ratio of 1.74, a quick ratio of 1.33 and a debt-to-equity ratio of 1.27.

StoneX Group (NASDAQ:SNEX) last released its quarterly earnings data on Wednesday, May 6th. The company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.31. The business had revenue of $826.40 million for the quarter, compared to analysts’ expectations of $1.37 billion. StoneX Group had a return on equity of 19.31% and a net margin of 0.30%. As a group, equities analysts expect that StoneX Group Inc. will post 4 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Cassaday & Co Wealth Management LLC bought a new position in shares of StoneX Group in the 1st quarter valued at about $34,000. Sterling Capital Management LLC raised its stake in shares of StoneX Group by 48.7% during the first quarter. Sterling Capital Management LLC now owns 476 shares of the company’s stock worth $38,000 after buying an additional 156 shares during the last quarter. Basecamp Wealth Advisors LLC raised its stake in shares of StoneX Group by 49.7% during the first quarter. Basecamp Wealth Advisors LLC now owns 512 shares of the company’s stock worth $41,000 after buying an additional 170 shares during the last quarter. Transamerica Financial Advisors LLC lifted its holdings in StoneX Group by 183.0% in the fourth quarter. Transamerica Financial Advisors LLC now owns 433 shares of the company’s stock valued at $41,000 after buying an additional 280 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in StoneX Group in the fourth quarter valued at approximately $50,000. 75.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on SNEX. Jefferies Financial Group lowered shares of StoneX Group from a “buy” rating to a “hold” rating and dropped their price target for the stock from $123.00 to $112.00 in a research report on Monday, July 20th. Weiss Ratings downgraded shares of StoneX Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, July 17th. Wall Street Zen raised shares of StoneX Group from a “hold” rating to a “buy” rating in a report on Sunday, April 5th. Finally, Zacks Research downgraded StoneX Group from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $112.00.

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.