Eric Parthemore Sells 2,500 Shares of StoneX Group (NASDAQ:SNEX) Stock

StoneX Group Inc. (NASDAQ:SNEX) Director Eric Parthemore sold 2,500 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $123.30, for a total transaction of $308,250.00. Following the transaction, the director directly owned 43,874 shares in the company, valued at $5,409,664.20. This trade represents a 5.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

StoneX Group Price Performance

SNEX stock opened at $116.81 on Wednesday. The stock has a market capitalization of $9.26 billion, a PE ratio of 20.87 and a beta of 0.64. The company’s 50-day moving average is $101.11 and its 200-day moving average is $101.99. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.74 and a quick ratio of 1.33. StoneX Group Inc. has a 1 year low of $53.52 and a 1 year high of $125.42.

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

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SNEX. Zacks Research raised shares of StoneX Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. William Blair reaffirmed an “outperform” rating on shares of StoneX Group in a research report on Monday, March 9th. Jefferies Financial Group raised their price target on shares of StoneX Group from $99.00 to $122.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Weiss Ratings upgraded shares of StoneX Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. Finally, Wall Street Zen raised shares of StoneX Group from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. Based on data from MarketBeat.com, StoneX Group has an average rating of “Buy” and a consensus target price of $122.00.

Institutional Investors Weigh In On StoneX Group

Large investors have recently modified their holdings of the stock. Cornerstone Planning Group LLC increased its stake in shares of StoneX Group by 4,133.3% during the 3rd quarter. Cornerstone Planning Group LLC now owns 254 shares of the company’s stock worth $26,000 after purchasing an additional 248 shares during the last quarter. Cullen Frost Bankers Inc. boosted its holdings in StoneX Group by 1,100.0% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 264 shares of the company’s stock worth $27,000 after buying an additional 242 shares during the period. AlphaQuest LLC boosted its holdings in StoneX Group by 28,000.0% in the 3rd quarter. AlphaQuest LLC now owns 281 shares of the company’s stock worth $28,000 after buying an additional 280 shares during the period. Cassaday & Co Wealth Management LLC bought a new position in StoneX Group in the 1st quarter worth approximately $34,000. Finally, Transamerica Financial Advisors LLC boosted its holdings in StoneX Group by 183.0% in the 4th quarter. Transamerica Financial Advisors LLC now owns 433 shares of the company’s stock worth $41,000 after buying an additional 280 shares during the period. 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.