Key Points
- Director John Moore Fowler sold 1,050 shares on May 5 at an average price of $106.25 for about $111,562 under a pre-arranged Rule 10b5-1 plan, leaving him with 171,246 shares (a 0.61% ownership decrease).
- StoneX (SNEX) opened at $108.06 (up ~2.1%), with a market cap of ~$8.5B, a P/E of 24.19 and a 52-week range of $53.52–$108.77; the company beat EPS estimates ($2.50 vs. $2.06) but missed revenue, and analysts' consensus is a Moderate Buy with an average target of $122.00.
StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) Director John Moore Fowler sold 1,050 shares of the company's stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $106.25, for a total transaction of $111,562.50. Following the completion of the transaction, the director owned 171,246 shares in the company, valued at approximately $18,194,887.50. This trade represents a 0.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
StoneX Group Stock Up 2.1%
SNEX stock opened at $108.06 on Wednesday. The company has a 50 day moving average price of $102.12 and a two-hundred day moving average price of $101.39. 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 stock has a market capitalization of $8.50 billion, a P/E ratio of 24.19 and a beta of 0.64. StoneX Group Inc. has a one year low of $53.52 and a one year high of $108.77.
StoneX Group (NASDAQ:SNEX - Get Free Report) last posted its quarterly earnings data on Wednesday, February 4th. The company reported $2.50 EPS for the quarter, beating analysts' consensus estimates 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%. As a group, sell-side analysts expect that StoneX Group Inc. will post 5.8 EPS for the current year.
Hedge Funds Weigh In On StoneX Group
Hedge funds and other institutional investors have recently made changes to their positions in the business. Beacon Harbor Wealth Advisors Inc. acquired a new stake in shares of StoneX Group in the third quarter valued at $5,944,000. Commonwealth Equity Services LLC grew its holdings in StoneX Group by 1,708.4% during the third quarter. Commonwealth Equity Services LLC now owns 72,823 shares of the company's stock worth $7,349,000 after acquiring an additional 68,796 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its holdings in StoneX Group by 551.6% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 31,724 shares of the company's stock worth $3,202,000 after acquiring an additional 26,855 shares during the period. Allspring Global Investments Holdings LLC raised its position in StoneX Group by 11.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 157,033 shares of the company's stock worth $15,885,000 after acquiring an additional 16,400 shares in the last quarter. Finally, Hiddenite Capital Partners LP lifted its holdings in StoneX Group by 81.4% in the 3rd quarter. Hiddenite Capital Partners LP now owns 88,926 shares of the company's stock valued at $8,974,000 after acquiring an additional 39,915 shares during the last quarter. 75.93% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on SNEX. William Blair reaffirmed an "outperform" rating on shares of StoneX Group in a research report on Monday, March 9th. Weiss Ratings raised shares of StoneX Group from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, February 23rd. Jefferies Financial Group raised their target price on shares of 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 lowered shares of StoneX Group from a "strong-buy" rating to a "hold" rating in a report on Monday, April 6th. Finally, Wall Street Zen raised shares of StoneX Group from a "hold" rating to a "buy" rating in a research report on Sunday, April 5th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $122.00.
View Our Latest Stock Analysis 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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