Diego Rotsztain Sells 13,696 Shares of StoneX Group (NASDAQ:SNEX) Stock

StoneX Group Inc. (NASDAQ:SNEX) insider Diego Rotsztain sold 13,696 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $112.79, for a total value of $1,544,771.84. Following the transaction, the insider owned 23,247 shares in the company, valued at $2,622,029.13. This represents a 37.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Diego Rotsztain also recently made the following trade(s):

• On Monday, May 18th, Diego Rotsztain sold 20,054 shares of StoneX Group stock. The stock was sold at an average price of $111.48, for a total value of $2,235,619.92.

StoneX Group Price Performance

SNEX stock traded up $3.55 during mid-day trading on Wednesday, reaching $112.92. 694,169 shares of the company’s stock were exchanged, compared to its average volume of 684,630. The company has a market cap of $8.95 billion, a price-to-earnings ratio of 20.18 and a beta of 0.64. The stock’s 50 day moving average is $100.20 and its 200 day moving average is $102.52. 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 12-month low of $53.52 and a 12-month high of $125.42.

StoneX Group (NASDAQ:SNEX) last issued its quarterly earnings results 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 the consensus estimate of $1.37 billion. StoneX Group had a return on equity of 19.31% and a net margin of 0.30%. On average, research analysts expect that StoneX Group Inc. will post 6 EPS for the current year.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On StoneX Group

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in StoneX Group by 34.3% during the third quarter. Vanguard Group Inc. now owns 4,020,305 shares of the company’s stock worth $405,729,000 after buying an additional 1,027,489 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in StoneX Group by 50.2% during the first quarter. Dimensional Fund Advisors LP now owns 2,107,795 shares of the company’s stock worth $169,976,000 after acquiring an additional 704,493 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in StoneX Group by 18.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,851,468 shares of the company’s stock worth $271,261,000 after acquiring an additional 439,771 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its stake in StoneX Group by 24.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,499,292 shares of the company’s stock worth $142,628,000 after acquiring an additional 294,203 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in StoneX Group by 115.6% during the first quarter. Bank of America Corp DE now owns 464,475 shares of the company’s stock worth $37,460,000 after acquiring an additional 249,088 shares during the last quarter. Institutional investors and hedge funds 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.