Key Points
- Director Annabelle Bexiga sold 1,500 StoneX shares on April 15 at an average price of $101.91 for total proceeds of $152,865, reducing her stake by 6.08% to 23,188 shares; the trade was executed under a pre-arranged Rule 10b5-1 plan and disclosed in an SEC filing.
- StoneX recently reported quarterly EPS of $2.50 (beating estimates) but revenue of $724 million (well below expectations), and the stock trades near $102 with a market cap of $8.05 billion; analysts have a consensus rating of Moderate Buy and a consensus price target of $122.00.
StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) Director Annabelle Bexiga sold 1,500 shares of StoneX Group stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $101.91, for a total transaction of $152,865.00. Following the completion of the sale, the director owned 23,188 shares of the company's stock, valued at $2,363,089.08. This trade represents a 6.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
StoneX Group Price Performance
Shares of StoneX Group stock opened at $102.30 on Thursday. The firm has a fifty day simple moving average of $106.85 and a 200-day simple moving average of $100.92. The company has a current ratio of 1.80, a quick ratio of 1.34 and a debt-to-equity ratio of 1.34. StoneX Group Inc. has a 1-year low of $52.00 and a 1-year high of $103.05. The stock has a market capitalization of $8.05 billion, a price-to-earnings ratio of 22.90 and a beta of 0.42.
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 for the quarter, topping analysts' consensus estimates of $2.06 by $0.44. StoneX Group had a net margin of 0.25% and a return on equity of 16.43%. The business had revenue of $724.00 million during the quarter, compared to analysts' expectations of $1.24 billion. On average, sell-side analysts expect that StoneX Group Inc. will post 8.7 earnings per share for the current year.
Hedge Funds Weigh In On StoneX Group
Institutional investors and hedge funds have recently bought and sold shares of the stock. Private Trust Co. NA increased its position in StoneX Group by 2,109.1% during the third quarter. Private Trust Co. NA now owns 243 shares of the company's stock worth $25,000 after acquiring an additional 232 shares during the period. Cornerstone Planning Group LLC increased its position in StoneX Group by 4,133.3% during the third 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. increased its position in StoneX Group by 1,100.0% during the third quarter. Cullen Frost Bankers Inc. now owns 264 shares of the company's stock worth $27,000 after acquiring an additional 242 shares during the period. AlphaQuest LLC increased its position 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 position in StoneX Group during the third quarter worth $37,000. Institutional investors own 75.93% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on SNEX. 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 boosted their price objective on shares of StoneX Group from $99.00 to $122.00 and gave the stock a "buy" rating in a research note on Monday, February 2nd. William Blair restated an "outperform" rating on shares of StoneX Group in a research note on Monday, March 9th. Zacks Research cut shares of StoneX Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 6th. 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 analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, StoneX Group has a consensus rating of "Moderate Buy" and a consensus price target of $122.00.
Check Out Our Latest 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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