StoneX Group (NASDAQ:SNEX) President Charles Lyon Sells 9,000 Shares

StoneX Group Inc. (NASDAQ:SNEX) President Charles Lyon sold 9,000 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $131.96, for a total value of $1,187,640.00. Following the sale, the president directly owned 216,495 shares in the company, valued at approximately $28,568,680.20. The trade was a 3.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

StoneX Group Price Performance

Shares of SNEX traded down $3.84 during trading hours on Tuesday, reaching $131.89. 1,505,184 shares of the company traded hands, compared to its average volume of 697,201. The company has a quick ratio of 1.33, a current ratio of 1.74 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $10.45 billion, a PE ratio of 23.57 and a beta of 0.64. StoneX Group Inc. has a fifty-two week low of $53.52 and a fifty-two week high of $139.24. The stock has a fifty day simple moving average of $109.51 and a 200 day simple moving average of $106.45.

StoneX Group shares are scheduled to split on the morning of Monday, July 20th. The 3-2 split was announced on Tuesday, May 26th. The newly minted shares will be distributed to shareholders after the closing bell on Friday, July 17th.

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. StoneX Group had a return on equity of 19.31% and a net margin of 0.30%.The firm had revenue of $826.40 million for the quarter, compared to analyst estimates of $1.37 billion. As a group, research analysts predict that StoneX Group Inc. will post 6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SNEX has been the topic of a number of research analyst reports. Zacks Research raised StoneX Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Wall Street Zen raised StoneX Group from a “hold” rating to a “buy” rating in a research note on Sunday, April 5th. William Blair reissued an “outperform” rating on shares of StoneX Group in a research note on Monday, March 9th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of StoneX Group in a research note on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to MarketBeat, StoneX Group has an average rating of “Buy” and an average price target of $122.00.

Hedge Funds Weigh In On StoneX Group

Large investors have recently modified their holdings of the company. AlphaQuest LLC raised its holdings in shares of 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 purchasing an additional 280 shares during the period. Cassaday & Co Wealth Management LLC purchased a new position in shares of StoneX Group in the 1st quarter worth about $34,000. Sterling Capital Management LLC raised its holdings in shares of StoneX Group by 48.8% in the 1st 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. Transamerica Financial Advisors LLC raised its holdings in shares of 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 purchasing an additional 280 shares during the period. Finally, International Assets Investment Management LLC purchased a new position in shares of StoneX Group in the 4th quarter worth about $50,000. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

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.