Key Points
- StoneX Group President Charles Lyon sold 30,000 shares at an average of $124.78 for a total of $3,743,400, reducing his holding by 16.64% to 150,330 shares valued at about $18.76 million.
- The company announced a 3-for-2 stock split effective the morning of March 23, with newly created shares to be distributed after the close on March 10.
- StoneX reported $2.50 EPS for the quarter, beating the $2.06 consensus, while revenue of $724 million fell short of the $1.24 billion estimate.
StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) President Charles Lyon sold 30,000 shares of the stock in a transaction on Monday, February 9th. The stock was sold at an average price of $124.78, for a total value of $3,743,400.00. Following the completion of the sale, the president owned 150,330 shares in the company, valued at $18,758,177.40. This trade represents a 16.64% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
StoneX Group Price Performance
NASDAQ:SNEX opened at $125.61 on Wednesday. StoneX Group Inc. has a 52-week low of $65.00 and a 52-week high of $127.63. The stock has a fifty day moving average of $103.44 and a 200 day moving average of $97.87. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.34 and a current ratio of 1.80. The firm has a market capitalization of $6.59 billion, a price-to-earnings ratio of 18.75 and a beta of 0.45.
StoneX Group shares are going to split on the morning of Monday, March 23rd. The 3-2 split was announced on Thursday, February 5th. The newly created shares will be distributed to shareholders after the market closes on Tuesday, March 10th.
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, beating analysts' consensus estimates of $2.06 by $0.44. StoneX Group had a return on equity of 16.43% and a net margin of 0.25%.The firm had revenue of $724.00 million during the quarter, compared to the consensus estimate of $1.24 billion. On average, research analysts expect that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.
Hedge Funds Weigh In On StoneX Group
Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in StoneX Group by 34.3% in the 3rd quarter. Vanguard Group Inc. now owns 4,020,305 shares of the company's stock worth $405,729,000 after purchasing an additional 1,027,489 shares during the period. Hennessy Advisors Inc. increased its holdings in shares of StoneX Group by 383.8% in the third quarter. Hennessy Advisors Inc. now owns 542,800 shares of the company's stock worth $54,779,000 after buying an additional 430,600 shares during the period. American Century Companies Inc. increased its holdings in shares of StoneX Group by 19.8% in the second quarter. American Century Companies Inc. now owns 2,352,849 shares of the company's stock worth $214,439,000 after buying an additional 389,132 shares during the period. Goldentree Asset Management LP bought a new stake in shares of StoneX Group in the 2nd quarter valued at about $32,482,000. Finally, JPMorgan Chase & Co. boosted its holdings in StoneX Group by 71.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 612,325 shares of the company's stock valued at $55,807,000 after acquiring an additional 256,081 shares during the period. Institutional investors own 75.93% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on the stock. Weiss Ratings reissued a "hold (c+)" rating on shares of StoneX Group in a report on Monday, December 29th. Wall Street Zen upgraded shares of StoneX Group from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Jefferies Financial Group raised their price target on StoneX Group from $99.00 to $122.00 and gave the company a "buy" rating in a research report on Monday, February 2nd. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $122.00.
View Our Latest Stock Report on SNEX
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.
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