Key Points
- Director Annabelle Bexiga sold 1,000 shares on March 13 at an average price of $106.54 for a $106,540 transaction, leaving her with 16,459 shares — a 5.73% reduction in her position (SEC filing).
- StoneX will execute a 3-for-2 stock split, scheduled for March 23, with the newly issued shares payable after the market close on March 10.
- The company beat quarterly EPS estimates ($2.50 vs. $2.06) but missed revenue expectations ($724M vs. $1.24B), and Wall Street sentiment is positive with a consensus Buy rating and an average target of $122.00.
StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) Director Annabelle Bexiga sold 1,000 shares of the business's stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $106.54, for a total transaction of $106,540.00. Following the sale, the director owned 16,459 shares of the company's stock, valued at $1,753,541.86. This represents a 5.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
StoneX Group Trading Up 3.2%
NASDAQ SNEX opened at $108.60 on Wednesday. The firm's fifty day moving average price is $115.16 and its 200 day moving average price is $102.32. StoneX Group Inc. has a 12 month low of $65.00 and a 12 month high of $132.57. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.80 and a quick ratio of 1.34. The company has a market capitalization of $5.70 billion, a price-to-earnings ratio of 16.21 and a beta of 0.42.
StoneX Group's stock is scheduled to split 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 market closes 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 the consensus estimate of $2.06 by $0.44. The company had revenue of $724.00 million during the quarter, compared to the consensus estimate of $1.24 billion. StoneX Group had a net margin of 0.25% and a return on equity of 16.43%. On average, sell-side analysts expect that StoneX Group Inc. will post 8.7 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on SNEX. Weiss Ratings upgraded StoneX Group from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, February 23rd. Jefferies Financial Group boosted their price objective on StoneX Group from $99.00 to $122.00 and gave the company a "buy" rating in a research note 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. William Blair reaffirmed an "outperform" rating on shares of StoneX Group in a report on Monday, March 9th. Finally, Wall Street Zen upgraded shares of StoneX Group from a "hold" rating to a "buy" rating in a research report on Saturday, February 7th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $122.00.
View Our Latest Stock Analysis on SNEX
Hedge Funds Weigh In On StoneX Group
A number of hedge funds and other institutional investors have recently bought and sold shares of SNEX. Private Trust Co. NA increased its stake in StoneX Group by 2,109.1% in 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 during the period. Cornerstone Planning Group LLC lifted its stake in shares of StoneX Group by 4,133.3% in the 3rd quarter. Cornerstone Planning Group LLC now owns 254 shares of the company's stock worth $26,000 after acquiring an additional 248 shares during the period. Cullen Frost Bankers Inc. boosted its holdings in shares of StoneX Group by 1,100.0% in the third quarter. Cullen Frost Bankers Inc. now owns 264 shares of the company's stock valued at $27,000 after acquiring an additional 242 shares in the last quarter. AlphaQuest LLC boosted its holdings in shares of StoneX Group by 28,000.0% in the third quarter. AlphaQuest LLC now owns 281 shares of the company's stock valued at $28,000 after acquiring an additional 280 shares in the last quarter. Finally, Salomon & Ludwin LLC acquired a new position in shares of StoneX Group during the third quarter worth about $37,000. 75.93% of the stock is currently owned by hedge funds and other institutional investors.
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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