Insider Selling: StoneX Group Inc. (NASDAQ:SNEX) CEO Sells 9,000 Shares of Stock

StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) CEO Philip Andrew Smith sold 9,000 shares of StoneX Group stock in a transaction on Friday, April 4th. The shares were sold at an average price of $69.56, for a total value of $626,040.00. Following the completion of the sale, the chief executive officer now owns 342,711 shares in the company, valued at $23,838,977.16. This represents a 2.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

StoneX Group Trading Up 2.1 %

Shares of NASDAQ SNEX traded up $1.57 during trading on Friday, reaching $75.55. The stock had a trading volume of 306,801 shares, compared to its average volume of 263,625. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.29 and a current ratio of 1.77. The company has a market cap of $3.64 billion, a P/E ratio of 9.03 and a beta of 0.65. StoneX Group Inc. has a fifty-two week low of $42.69 and a fifty-two week high of $85.49. The business's 50-day moving average price is $77.39 and its 200-day moving average price is $69.10.

StoneX Group (NASDAQ:SNEX - Get Free Report) last released its earnings results on Wednesday, February 5th. The company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.26. StoneX Group had a return on equity of 16.83% and a net margin of 0.26%. On average, equities research analysts predict that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.

Institutional Investors Weigh In On StoneX Group

A number of hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC lifted its position in StoneX Group by 4.3% in the third quarter. FMR LLC now owns 149,368 shares of the company's stock valued at $12,230,000 after acquiring an additional 6,121 shares during the last quarter. Verition Fund Management LLC lifted its holdings in shares of StoneX Group by 118.3% in the 3rd quarter. Verition Fund Management LLC now owns 6,194 shares of the company's stock valued at $507,000 after purchasing an additional 3,357 shares during the last quarter. State Street Corp boosted its position in shares of StoneX Group by 2.8% in the 3rd quarter. State Street Corp now owns 1,147,861 shares of the company's stock valued at $93,987,000 after purchasing an additional 31,681 shares during the period. Jane Street Group LLC grew its stake in StoneX Group by 72.2% during the 3rd quarter. Jane Street Group LLC now owns 23,621 shares of the company's stock worth $1,934,000 after buying an additional 9,900 shares during the last quarter. Finally, Barclays PLC increased its position in StoneX Group by 359.4% during the third quarter. Barclays PLC now owns 46,755 shares of the company's stock worth $3,828,000 after buying an additional 36,577 shares during the period. 75.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, William Blair initiated coverage on shares of StoneX Group in a report on Wednesday, March 26th. They issued an "outperform" rating on the stock.

StoneX Group Company Profile

StoneX Group Inc operates as a global financial services network that connects companies, organizations, traders, and investors to market ecosystem worldwide. The company operates through Commercial, Institutional, Retail, and Global Payments segments. The Commercial segment provides risk management and hedging, exchange-traded and OTC products execution and clearing, voice brokerage, market intelligence, physical trading, and commodity financing and logistics services.