Key Points
- StoneX Group Director Eric Parthemore sold 2,500 shares on May 11 at an average price of $123.30, totaling $308,250. After the sale, he still owned 43,874 shares valued at about $5.41 million.
- SNEX has been trading near its 52-week high, recently opening at $121.84 versus a year range of $53.52 to $125.42. The company’s market cap is about $9.66 billion.
- StoneX recently beat earnings expectations, reporting $2.07 EPS versus the $1.60 consensus estimate, while analysts currently have an average “Buy” rating and a $122 target price.
StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) Director Eric Parthemore sold 2,500 shares of the company's stock in a transaction on Monday, May 11th. The shares were sold at an average price of $123.30, for a total transaction of $308,250.00. Following the completion of the transaction, the director owned 43,874 shares of the company's stock, valued at $5,409,664.20. This represents a 5.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
StoneX Group Stock Performance
NASDAQ SNEX opened at $121.84 on Tuesday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.74 and a quick ratio of 1.33. StoneX Group Inc. has a 1 year low of $53.52 and a 1 year high of $125.42. The company has a market capitalization of $9.66 billion, a PE ratio of 21.77 and a beta of 0.64. The company has a fifty day moving average of $101.32 and a two-hundred day moving average of $101.88.
StoneX Group (NASDAQ:SNEX - Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.47. StoneX Group had a net margin of 0.30% and a return on equity of 19.31%. The company had revenue of $826.40 million during the quarter, compared to the consensus estimate of $1.37 billion. As a group, analysts expect that StoneX Group Inc. will post 5.8 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on the stock. 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. 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 increased their target price 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. Zacks Research upgraded shares of StoneX Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 5th. Finally, William Blair reiterated an "outperform" rating on shares of StoneX Group in a research note on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $122.00.
View Our Latest Stock Analysis on StoneX Group
Institutional Investors Weigh In On StoneX Group
Hedge funds have recently added to or reduced their stakes in the company. Beacon Harbor Wealth Advisors Inc. acquired a new stake in StoneX Group in the third quarter valued at about $5,944,000. Commonwealth Equity Services LLC lifted its position in StoneX Group by 1,708.4% in the third quarter. Commonwealth Equity Services LLC now owns 72,823 shares of the company's stock valued at $7,349,000 after purchasing an additional 68,796 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its position in StoneX Group by 551.6% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 31,724 shares of the company's stock valued at $3,202,000 after purchasing an additional 26,855 shares during the period. Hiddenite Capital Partners LP lifted its position in StoneX Group by 81.4% in the third quarter. Hiddenite Capital Partners LP now owns 88,926 shares of the company's stock valued at $8,974,000 after purchasing an additional 39,915 shares during the period. Finally, Axecap Investments LLC acquired a new stake in StoneX Group in the third quarter valued at about $1,251,000. Institutional investors and hedge funds own 75.93% of the company's stock.
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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