Insider Selling: StoneX Group (NASDAQ:SNEX) Director Sells $89,570.25 in Stock

StoneX Group Inc. (NASDAQ:SNEX) Director John Fowler sold 1,575 shares of the business’s stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $56.87, for a total transaction of $89,570.25. Following the sale, the director directly owned 253,834 shares in the company, valued at approximately $14,435,539.58. This trade represents a 0.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

StoneX Group Price Performance

SNEX opened at $54.31 on Monday. The stock has a fifty day moving average of $62.85 and a 200-day moving average of $71.29. The firm has a market capitalization of $6.55 billion, a P/E ratio of 12.97 and a beta of 0.66. StoneX Group Inc. has a 12-month low of $36.45 and a 12-month high of $94.66. The company has a quick ratio of 1.39, a current ratio of 1.82 and a debt-to-equity ratio of 1.45.

Institutional Investors Weigh In On StoneX Group

Large investors have recently made changes to their positions in the company. Rakuten Securities Inc. bought a new position in shares of StoneX Group in the 2nd quarter valued at approximately $26,000. Root Financial Partners LLC acquired a new stake in StoneX Group in the 3rd quarter worth approximately $31,000. Fortitude Family Office LLC boosted its position in StoneX Group by 1,175.0% during the third quarter. Fortitude Family Office LLC now owns 510 shares of the company’s stock worth $33,000 after purchasing an additional 470 shares during the period. Cassaday & Co Wealth Management LLC bought a new stake in StoneX Group during the first quarter worth approximately $34,000. Finally, Sterling Capital Management LLC boosted its position in 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 purchasing an additional 156 shares during the period. Institutional investors own 75.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Weiss Ratings lowered StoneX Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, October 14th. Zacks Research lowered StoneX Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Jefferies Financial Group cut StoneX Group from a “buy” rating to a “hold” rating and lowered their target price for the company from $123.00 to $112.00 in a research note on Monday, July 20th. Finally, Wall Street Zen cut StoneX Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $112.00.

StoneX Group Company Profile

StoneX Group Inc is a global financial services company that connects businesses, institutions and individual investors with markets. Its services include trade execution and clearing, risk management, market intelligence, and financing for participants in commodity and financial markets.

The company serves commercial and institutional clients across sectors such as agriculture, energy and metals, and offers foreign exchange, securities and other trading services. Its retail business provides online trading platforms, while its payments operations support domestic and cross-border transactions.

Previously known as INTL FCStone, the company adopted the StoneX Group name in 2020.