Philip Andrew Smith Sells 40,553 Shares of StoneX Group Inc. (NASDAQ:SNEX) Stock

StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) CEO Philip Andrew Smith sold 40,553 shares of the firm's stock in a transaction dated Thursday, April 17th. The stock was sold at an average price of $80.30, for a total value of $3,256,405.90. Following the sale, the chief executive officer now directly owns 342,711 shares in the company, valued at approximately $27,519,693.30. This represents a 10.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Philip Andrew Smith also recently made the following trade(s):

• On Tuesday, April 15th, Philip Andrew Smith sold 4,447 shares of StoneX Group stock. The shares were sold at an average price of $80.07, for a total value of $356,071.29.
• On Friday, April 4th, Philip Andrew Smith sold 9,000 shares of StoneX Group stock. The shares were sold at an average price of $69.56, for a total transaction of $626,040.00.

StoneX Group Stock Performance

StoneX Group stock traded up $2.20 during mid-day trading on Thursday, hitting $85.99. 373,313 shares of the company's stock traded hands, compared to its average volume of 269,587. StoneX Group Inc. has a fifty-two week low of $45.81 and a fifty-two week high of $86.83. The stock has a market cap of $4.14 billion, a price-to-earnings ratio of 10.27 and a beta of 0.65. The firm has a 50 day simple moving average of $77.67 and a two-hundred day simple moving average of $70.42. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.77 and a quick ratio of 1.29.

StoneX Group (NASDAQ:SNEX - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported $1.69 EPS 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, research analysts expect that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On StoneX Group

Several hedge funds and other institutional investors have recently made changes to their positions in SNEX. Decker Retirement Planning Inc. acquired a new stake in shares of StoneX Group in the 1st quarter valued at $2,627,000. Allspring Global Investments Holdings LLC lifted its stake in shares of StoneX Group by 136.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 122,159 shares of the company's stock valued at $9,341,000 after acquiring an additional 70,587 shares during the last quarter. Illinois Municipal Retirement Fund boosted its holdings in shares of StoneX Group by 55.1% during the 1st quarter. Illinois Municipal Retirement Fund now owns 23,622 shares of the company's stock valued at $1,804,000 after acquiring an additional 8,390 shares in the last quarter. Trust Co. of Vermont grew its position in StoneX Group by 69.1% during the 1st quarter. Trust Co. of Vermont now owns 15,960 shares of the company's stock worth $1,219,000 after acquiring an additional 6,520 shares during the last quarter. Finally, Diversified Trust Co increased its holdings in StoneX Group by 144.1% in the 1st quarter. Diversified Trust Co now owns 7,420 shares of the company's stock worth $567,000 after purchasing an additional 4,380 shares in the last quarter. 75.93% of the stock is currently owned by institutional investors and hedge funds.

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.