Key Points
- Abigail Perkins sold 8,000 StoneX (SNEX) shares on Feb 13 at an average of $126.72 for about $1.014 million, reducing her holding by 14.22% to 48,259 shares, per an SEC filing.
- StoneX will enact a 3-for-2 stock split (announced Feb 5) that takes effect before the market opens on March 23, with new shares payable after the close on March 10.
- In the latest quarter StoneX reported EPS $2.50, beating estimates by $0.44 while revenue of $724 million missed the $1.24 billion estimate; analysts still carry an average "Buy" rating with a $122 consensus target.
StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) insider Abigail Perkins sold 8,000 shares of the business's stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $126.72, for a total transaction of $1,013,760.00. Following the sale, the insider directly owned 48,259 shares of the company's stock, valued at approximately $6,115,380.48. This represents a 14.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
StoneX Group Stock Performance
Shares of SNEX stock opened at $128.08 on Thursday. The company has a market cap of $6.72 billion, a P/E ratio of 19.12 and a beta of 0.45. The business has a 50 day moving average of $107.39 and a two-hundred day moving average of $99.14. StoneX Group Inc. has a 52 week low of $65.00 and a 52 week high of $130.35. The company has a quick ratio of 1.34, a current ratio of 1.80 and a debt-to-equity ratio of 1.34.
StoneX Group shares are going to split before the market opens on Monday, March 23rd. The 3-2 split was announced on Thursday, February 5th. The newly minted shares will be payable to shareholders after the closing bell on Tuesday, March 10th.
StoneX Group (NASDAQ:SNEX - Get Free Report) last released its quarterly earnings data 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 business had revenue of $724.00 million during the quarter, compared to analyst estimates of $1.24 billion. As a group, analysts anticipate that StoneX Group Inc. will post 8.7 EPS for the current year.
Institutional Investors Weigh In On StoneX Group
Institutional investors have recently added to or reduced their stakes in the company. Private Trust Co. NA boosted its stake in 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 purchasing an additional 232 shares in the last quarter. Cornerstone Planning Group LLC lifted its holdings in shares of StoneX Group by 4,133.3% in the third quarter. Cornerstone Planning Group LLC now owns 254 shares of the company's stock valued at $26,000 after buying an additional 248 shares during the period. Cullen Frost Bankers Inc. boosted its stake in StoneX Group by 1,100.0% during the third quarter. Cullen Frost Bankers Inc. now owns 264 shares of the company's stock valued at $27,000 after buying an additional 242 shares in the last quarter. AlphaQuest LLC grew its holdings in StoneX Group by 28,000.0% during the third quarter. AlphaQuest LLC now owns 281 shares of the company's stock worth $28,000 after acquiring an additional 280 shares during the period. Finally, Salomon & Ludwin LLC bought a new stake in StoneX Group in the third quarter worth about $37,000. 75.93% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
SNEX has been the subject of a number of analyst reports. Wall Street Zen raised shares of StoneX Group from a "hold" rating to a "buy" rating in a research note on Saturday, February 7th. Jefferies Financial Group boosted their price objective on StoneX Group from $99.00 to $122.00 and gave the stock a "buy" rating in a research report on Monday, February 2nd. Zacks Research raised StoneX Group from a "hold" rating to a "strong-buy" rating in a report on Monday, February 9th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of StoneX Group in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $122.00.
View Our Latest Research Report on StoneX Group
StoneX Group Company Profile
(
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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