Key Points
- John Radziwill, StoneX Group's chairman, bought 1,000 shares on December 16 at $97.25 each for $97,250, bringing his direct stake to 101,596 shares (about $9.88M), a 0.99% increase in ownership.
- StoneX reported $1.57 EPS (missed by $0.01) but beat on revenue with $1.32B versus $1.04B expected; the stock was down 1.7%, trading near $94 with a market cap of $4.92B and a P/E around 16.
StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) Chairman John Radziwill acquired 1,000 shares of the stock in a transaction dated Tuesday, December 16th. The shares were bought at an average price of $97.25 per share, with a total value of $97,250.00. Following the completion of the transaction, the chairman directly owned 101,596 shares of the company's stock, valued at $9,880,211. The trade was a 0.99% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
StoneX Group Stock Down 1.7%
Shares of NASDAQ SNEX opened at $94.12 on Friday. The company has a market capitalization of $4.92 billion, a P/E ratio of 15.97 and a beta of 0.44. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.35 and a current ratio of 1.72. StoneX Group Inc. has a 52-week low of $61.32 and a 52-week high of $106.98. The company's 50 day moving average price is $92.88 and its 200-day moving average price is $93.49.
StoneX Group (NASDAQ:SNEX - Get Free Report) last issued its quarterly earnings results on Monday, November 24th. The company reported $1.57 EPS for the quarter, missing analysts' consensus estimates of $1.58 by ($0.01). StoneX Group had a net margin of 0.23% and a return on equity of 15.27%. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the company posted $2.32 EPS. Equities analysts forecast that StoneX Group Inc. will post 8.7 earnings per share for the current year.
Wall Street Analysts Forecast Growth
SNEX has been the topic of a number of research reports. Weiss Ratings reiterated a "hold (c+)" rating on shares of StoneX Group in a research report on Monday. Zacks Research lowered StoneX Group from a "strong-buy" rating to a "hold" rating in a report on Monday, October 6th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, StoneX Group presently has a consensus rating of "Hold".
Get Our Latest Report on SNEX
Hedge Funds Weigh In On StoneX Group
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SNEX. Private Trust Co. NA lifted its stake in shares of StoneX Group by 2,109.1% during the 3rd quarter. Private Trust Co. NA now owns 243 shares of the company's stock valued at $25,000 after buying an additional 232 shares in the last quarter. Cornerstone Planning Group LLC grew its position in StoneX Group by 4,133.3% during the third quarter. Cornerstone Planning Group LLC now owns 254 shares of the company's stock worth $26,000 after buying an additional 248 shares in the last quarter. Cullen Frost Bankers Inc. grew its holdings in shares of StoneX Group by 1,100.0% during the third quarter. Cullen Frost Bankers Inc. now owns 264 shares of the company's stock worth $27,000 after purchasing an additional 242 shares in the last quarter. AlphaQuest LLC grew its stake in 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 buying an additional 280 shares in the last quarter. Finally, Salomon & Ludwin LLC bought a new position in StoneX Group in the third quarter valued at $37,000. Institutional investors own 75.93% of the company's stock.
About StoneX Group
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
