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 StoneX Group 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. The trade was a 10.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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 stock was 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 stock was sold at an average price of $69.56, for a total value of $626,040.00.

StoneX Group Stock Performance

SNEX traded up $2.20 during trading on Thursday, hitting $85.99. The stock had a trading volume of 373,313 shares, compared to its average volume of 269,679. The firm has a market cap of $4.14 billion, a PE ratio of 10.27 and a beta of 0.65. The company has a 50 day simple moving average of $77.82 and a 200-day simple moving average of $70.63. The company has a current ratio of 1.77, a quick ratio of 1.29 and a debt-to-equity ratio of 1.33. StoneX Group Inc. has a 12 month low of $46.06 and a 12 month high of $86.83.

StoneX Group (NASDAQ:SNEX - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $1.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.43 by $0.26. StoneX Group had a net margin of 0.26% and a return on equity of 16.83%. Analysts expect that StoneX Group Inc. will post 8.7 EPS for the current year.

Hedge Funds Weigh In On StoneX Group

Institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC boosted its holdings in shares of StoneX Group by 72.2% in the 3rd quarter. Jane Street Group LLC now owns 23,621 shares of the company's stock worth $1,934,000 after acquiring an additional 9,900 shares in the last quarter. Inspire Investing LLC acquired a new position in StoneX Group in the fourth quarter worth $856,000. Principal Financial Group Inc. grew its holdings in shares of StoneX Group by 11.0% during the third quarter. Principal Financial Group Inc. now owns 149,442 shares of the company's stock worth $12,236,000 after purchasing an additional 14,784 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of StoneX Group by 2.7% in the third quarter. Geode Capital Management LLC now owns 671,257 shares of the company's stock valued at $54,973,000 after buying an additional 17,769 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of StoneX Group by 2.3% in the fourth quarter. Harbor Capital Advisors Inc. now owns 318,125 shares of the company's stock valued at $31,167,000 after buying an additional 7,037 shares during the last quarter. 75.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, William Blair assumed coverage on StoneX Group in a research 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.