StoneX Group (NASDAQ:SNEX) Chairman Sells $4,595,531.80 in Stock

StoneX Group Inc. (NASDAQ:SNEX) Chairman Sean O’Connor sold 76,148 shares of StoneX Group stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $60.35, for a total transaction of $4,595,531.80. Following the completion of the transaction, the chairman owned 1,831,799 shares of the company’s stock, valued at $110,549,069.65. This trade represents a 3.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through 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 Wednesday, July 22nd, Sean O’Connor sold 104,934 shares of StoneX Group stock. The stock was sold at an average price of $74.33, for a total transaction of $7,799,744.22.

StoneX Group Price Performance

StoneX Group stock opened at $59.92 on Friday. The firm has a market cap of $7.23 billion, a PE ratio of 14.30 and a beta of 0.62. StoneX Group Inc. has a 52-week low of $36.45 and a 52-week 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. The company’s 50 day moving average is $66.60 and its two-hundred day moving average is $72.00.

StoneX Group (NASDAQ:SNEX) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.86 by $0.14. The company had revenue of $39.71 billion during the quarter, compared to analysts’ expectations of $1.32 billion. StoneX Group had a net margin of 0.33% and a return on equity of 20.18%. On average, research analysts expect that StoneX Group Inc. will post 4.35 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in StoneX Group during the 2nd quarter worth approximately $1,343,877,000. Wasatch Advisors LP purchased a new stake in shares of StoneX Group in the 2nd quarter valued at approximately $139,730,000. Dimensional Fund Advisors LP increased its position in shares of StoneX Group by 50.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,107,795 shares of the company’s stock valued at $169,976,000 after purchasing an additional 704,493 shares during the last quarter. Punch & Associates Investment Management Inc. acquired a new stake in shares of StoneX Group in the 2nd quarter valued at $82,250,000. Finally, Bank of America Corp DE acquired a new stake in shares of StoneX Group in the 2nd quarter valued at $51,370,000. Hedge funds and other institutional investors own 75.93% of the company’s stock.

Analyst Ratings Changes

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

About StoneX Group

StoneX Group Inc is a global financial services company that provides execution, clearing, custody, payments, market intelligence and risk-management solutions. Through its businesses, the company serves commercial and institutional clients, asset managers, broker-dealers, government and nonprofit organizations, and retail investors.

StoneX offers access to a broad range of markets and products, including equities, fixed income, foreign exchange, commodities, futures and options. Its services include institutional trading and clearing, physical commodities and hedging solutions, global payments, securities financing, wealth-management support and online trading for individual investors.

The company operates through a global network serving clients across North America, Latin America, Europe, Asia and other international markets.