Key Points
- StoneX Group CAO Aaron Schroeder sold 3,500 shares on May 11 at an average price of $122.65, generating about $429,275. After the sale, he still held 51,481 shares valued at roughly $6.31 million.
- The company recently beat earnings expectations, reporting $2.07 EPS versus the $1.60 consensus estimate in its latest quarterly results, though revenue came in below forecasts at $826.4 million.
- Analyst sentiment remains positive, with several firms maintaining or raising ratings and MarketBeat showing an average “Buy” rating with a consensus price target of $122.00.
StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) CAO Aaron Schroeder sold 3,500 shares of the company's stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $122.65, for a total value of $429,275.00. Following the completion of the transaction, the chief accounting officer directly owned 51,481 shares of the company's stock, valued at approximately $6,314,144.65. The trade was a 6.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
StoneX Group Price Performance
Shares of SNEX opened at $116.03 on Thursday. StoneX Group Inc. has a 12-month low of $53.52 and a 12-month high of $125.42. The business has a 50-day simple moving average of $100.82 and a two-hundred day simple moving average of $102.11. The company has a quick ratio of 1.33, a current ratio of 1.74 and a debt-to-equity ratio of 1.27. The stock has a market cap of $9.20 billion, a PE ratio of 20.73 and a beta of 0.64.
StoneX Group (NASDAQ:SNEX - Get Free Report) last released its quarterly earnings results 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. The firm had revenue of $826.40 million during the quarter, compared to the consensus estimate of $1.37 billion. StoneX Group had a net margin of 0.30% and a return on equity of 19.31%. Analysts anticipate that StoneX Group Inc. will post 6 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on the stock. Jefferies Financial Group raised their price target 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. Wall Street Zen raised shares of StoneX Group from a "hold" rating to a "buy" rating in a research note on Sunday, April 5th. William Blair reaffirmed an "outperform" rating on shares of StoneX Group in a research note on Monday, March 9th. Zacks Research raised StoneX Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 5th. Finally, Weiss Ratings raised StoneX Group from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $122.00.
Read Our Latest Analysis on SNEX
Institutional Trading of StoneX Group
Several large investors have recently modified their holdings of SNEX. Vanguard Group Inc. grew its position in shares of StoneX Group by 34.3% during the 3rd quarter. Vanguard Group Inc. now owns 4,020,305 shares of the company's stock worth $405,729,000 after buying an additional 1,027,489 shares during the period. Dimensional Fund Advisors LP grew its position in shares of StoneX Group by 50.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,107,795 shares of the company's stock worth $169,976,000 after buying an additional 704,493 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of StoneX Group by 18.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,851,468 shares of the company's stock worth $271,261,000 after buying an additional 439,771 shares during the period. T. Rowe Price Investment Management Inc. grew its position in shares of StoneX Group by 24.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,499,292 shares of the company's stock worth $142,628,000 after buying an additional 294,203 shares during the period. Finally, Van Berkom & Associates Inc. grew its position in shares of StoneX Group by 21.1% during the 1st quarter. Van Berkom & Associates Inc. now owns 1,384,258 shares of the company's stock worth $111,640,000 after buying an additional 240,749 shares during the period. Institutional investors and hedge funds own 75.93% of the company's stock.
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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