Key Points
- Director sale: StoneX director John Moore Fowler sold 1,125 shares on Feb. 2 at an average of $112.70 for total proceeds of $126,787.50, trimming his stake to 113,765 shares (SEC filing).
- Quarterly results mixed: StoneX reported $2.50 EPS, beating estimates by $0.44, while revenue of $724 million missed the $1.24 billion consensus.
- Analyst and institutional positioning: Jefferies raised its target to $122 and the stock carries a consensus "Moderate Buy" with an average target of $122, while institutions own roughly 75.9% and several (RBC, Goldman, UBS) recently increased holdings.
StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) Director John Moore Fowler sold 1,125 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $112.70, for a total transaction of $126,787.50. Following the transaction, the director owned 113,765 shares in the company, valued at approximately $12,821,315.50. This represents a 0.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.
StoneX Group Stock Performance
Shares of StoneX Group stock opened at $117.37 on Thursday. The company has a market capitalization of $6.15 billion, a PE ratio of 19.92 and a beta of 0.45. StoneX Group Inc. has a one year low of $65.00 and a one year high of $117.66. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.35 and a current ratio of 1.72. The company has a 50-day simple moving average of $100.90 and a two-hundred day simple moving average of $97.11.
StoneX Group (NASDAQ:SNEX - Get Free Report) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $2.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.06 by $0.44. The business had revenue of $724.00 million for the quarter, compared to the consensus estimate of $1.24 billion. StoneX Group had a return on equity of 15.27% and a net margin of 0.23%. Research analysts expect that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.
Analysts Set New Price Targets
SNEX has been the topic of several recent analyst reports. Jefferies Financial Group upped their price objective on shares of StoneX Group from $99.00 to $122.00 and gave the company a "buy" rating in a report on Monday. Weiss Ratings restated a "hold (c+)" rating on shares of StoneX Group in a research note on Monday, December 29th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $122.00.
Read Our Latest Research Report on SNEX
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in SNEX. Royal Bank of Canada grew its position in StoneX Group by 129.0% during the 1st quarter. Royal Bank of Canada now owns 77,545 shares of the company's stock worth $5,923,000 after purchasing an additional 43,678 shares during the period. NewEdge Advisors LLC purchased a new position in StoneX Group during the first quarter valued at approximately $449,000. Goldman Sachs Group Inc. raised its position in StoneX Group by 6.5% during the first quarter. Goldman Sachs Group Inc. now owns 225,711 shares of the company's stock valued at $17,240,000 after acquiring an additional 13,815 shares in the last quarter. United Services Automobile Association acquired a new position in StoneX Group in the first quarter valued at approximately $210,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in StoneX Group by 55.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 107,125 shares of the company's stock worth $8,182,000 after purchasing an additional 38,073 shares in the last quarter. Hedge funds and other institutional investors own 75.93% of the company's stock.
About StoneX Group
(
Get Free Report)
StoneX Group Inc (NASDAQ: SNEX) is a global financial services firm offering execution, risk management, advisory and post-trade solutions across commodities, currencies, securities and digital assets. The company serves commercial businesses, institutional clients and financial intermediaries, providing market access and tailored services designed to help clients manage price risk, optimize working capital and execute complex transactions.
StoneX operates through several core segments.
See Also
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].
