Sean Michael Oconnor Sells 140,070 Shares of StoneX Group (NASDAQ:SNEX) Stock

StoneX Group Inc. (NASDAQ:SNEX) Chairman Sean Michael Oconnor sold 140,070 shares of StoneX Group stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $110.31, for a total value of $15,451,121.70. Following the completion of the transaction, the chairman owned 1,236,921 shares of the company’s stock, valued at approximately $136,444,755.51. This trade represents a 10.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, May 19th, Sean Michael Oconnor sold 72,140 shares of StoneX Group stock. The shares were sold at an average price of $109.94, for a total value of $7,931,071.60.
• 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 value of $9,785,073.40.

StoneX Group Price Performance

NASDAQ SNEX traded down $1.43 during trading hours on Tuesday, reaching $109.37. The company’s stock had a trading volume of 596,814 shares, compared to its average volume of 650,382. The company’s 50-day moving average is $100.20 and its two-hundred day moving average is $102.52. StoneX Group Inc. has a 1-year low of $53.52 and a 1-year high of $125.42. The firm has a market capitalization of $8.67 billion, a price-to-earnings ratio of 19.54 and a beta of 0.64. 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 (NASDAQ:SNEX) last issued its quarterly earnings data 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. StoneX Group had a return on equity of 19.31% and a net margin of 0.30%.The company had revenue of $826.40 million during the quarter, compared to analyst estimates of $1.37 billion. On average, equities analysts predict that StoneX Group Inc. will post 6 EPS for the current year.

Hedge Funds Weigh In On StoneX Group

Hedge funds have recently bought and sold shares of the business. Choreo LLC grew its stake in StoneX Group by 4.5% during the fourth quarter. Choreo LLC now owns 2,764 shares of the company’s stock worth $270,000 after buying an additional 118 shares in the last quarter. Xponance Inc. grew its stake in shares of StoneX Group by 3.6% in the 3rd quarter. Xponance Inc. now owns 3,624 shares of the company’s stock worth $366,000 after acquiring an additional 125 shares in the last quarter. Lido Advisors LLC boosted its holdings in shares of StoneX Group by 3.2% in the 4th quarter. Lido Advisors LLC now owns 4,050 shares of the company’s stock worth $403,000 after buying an additional 125 shares during the last quarter. Maryland State Retirement & Pension System boosted its holdings in shares of StoneX Group by 2.2% in the 4th quarter. Maryland State Retirement & Pension System now owns 6,818 shares of the company’s stock worth $649,000 after buying an additional 144 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its holdings in StoneX Group by 48.8% during the first 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 last quarter. 75.93% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on SNEX shares. Jefferies Financial Group upped their price objective 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. Wall Street Zen raised shares of StoneX Group from a “hold” rating to a “buy” rating in a research note on Sunday, April 5th. Zacks Research raised shares of StoneX Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. William Blair restated an “outperform” rating on shares of StoneX Group in a report on Monday, March 9th. Finally, Weiss Ratings upgraded shares of StoneX Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. Based on data from MarketBeat.com, StoneX Group has an average rating of “Buy” and a consensus price target 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.