Key Points
- CEO sale: StoneX CEO Philip Andrew Smith sold 30,000 shares on April 10 at an average price of $92.23, totaling $2,766,900, in a transaction executed under a pre-arranged Rule 10b5‑1 trading plan.
- After the sale Smith still directly owns 514,719 shares valued at about $47.47 million, representing a 5.51% reduction in his position.
- Company outlook: StoneX posted quarterly EPS of $2.50 (beating estimates) but revenue of $724 million missed expectations; the stock trades near its 52‑week high with a market cap of $8.04 billion and a consensus analyst rating of Moderate Buy with a $122 price target.
StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) CEO Philip Andrew Smith sold 30,000 shares of StoneX Group stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $92.23, for a total transaction of $2,766,900.00. Following the sale, the chief executive officer directly owned 514,719 shares of the company's stock, valued at $47,472,533.37. The trade was a 5.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
StoneX Group Stock Up 2.9%
StoneX Group stock opened at $102.23 on Wednesday. The stock has a market cap of $8.04 billion, a P/E ratio of 22.89 and a beta of 0.42. 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 Inc. has a twelve month low of $52.00 and a twelve month high of $103.05. The company's 50-day moving average price is $107.15 and its two-hundred day moving average price is $100.92.
StoneX Group (NASDAQ:SNEX - Get Free Report) last issued its quarterly earnings data 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. StoneX Group had a return on equity of 16.43% and a net margin of 0.25%.The company had revenue of $724.00 million during the quarter, compared to analysts' expectations of $1.24 billion. As a group, analysts expect that StoneX Group Inc. will post 8.7 EPS for the current year.
Hedge Funds Weigh In On StoneX Group
A number of hedge funds have recently added to or reduced their stakes in the stock. Private Trust Co. NA lifted its position 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 acquiring an additional 232 shares during the period. Cornerstone Planning Group LLC increased its position 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 worth $26,000 after purchasing an additional 248 shares during the period. Cullen Frost Bankers Inc. increased its position 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 worth $27,000 after purchasing an additional 242 shares during the period. AlphaQuest LLC raised its stake in 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 purchasing an additional 280 shares in the last quarter. Finally, Salomon & Ludwin LLC bought a new stake in StoneX Group during the third quarter worth about $37,000. Institutional investors own 75.93% of the company's stock.
Wall Street Analyst Weigh In
SNEX has been the topic of a number of research reports. Zacks Research lowered StoneX Group from a "strong-buy" rating to a "hold" rating in a report on Monday, April 6th. William Blair reissued an "outperform" rating on shares of StoneX Group in a report on Monday, March 9th. Wall Street Zen upgraded shares of StoneX Group from a "hold" rating to a "buy" rating in a research note on Sunday, April 5th. Jefferies Financial Group raised their price target on shares of StoneX Group from $99.00 to $122.00 and gave the stock a "buy" rating in a research report on Monday, February 2nd. Finally, Weiss Ratings upgraded shares of StoneX Group from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, February 23rd. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $122.00.
Check Out Our Latest Stock Analysis on StoneX Group
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.
Further Reading
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