Key Points
- StoneX director Annabelle Bexiga sold 1,500 shares on May 15 at an average price of $112.82, totaling about $169,230. After the sale, she still held 21,688 shares, and the trade was made under a pre-arranged Rule 10b5-1 plan.
- StoneX shares were slightly higher, opening at $110.80, while the stock remains near the upper end of its 52-week range. The company has a market cap of $8.78 billion and a price-to-earnings ratio of 19.80.
- Analysts remain broadly positive on SNEX after the company beat earnings expectations last quarter with EPS of $2.07 versus $1.60 expected. The stock has a consensus rating of “Buy” and an average 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 on Friday, May 15th. The shares were sold at an average price of $112.82, for a total transaction of $169,230.00. Following the completion of the transaction, the director directly owned 21,688 shares of the company's stock, valued at $2,446,840.16. The trade was a 6.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
StoneX Group Stock Up 0.5%
SNEX opened at $110.80 on Tuesday. StoneX Group Inc. has a fifty-two week low of $53.52 and a fifty-two week high of $125.42. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.33 and a current ratio of 1.74. The company has a fifty day moving average of $100.18 and a two-hundred day moving average of $102.40. The stock has a market capitalization of $8.78 billion, a price-to-earnings ratio of 19.80 and a beta of 0.64.
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 for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $1.37 billion. On average, research analysts expect that StoneX Group Inc. will post 6 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on SNEX shares. Zacks Research upgraded shares of StoneX Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 5th. Jefferies Financial Group upped 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. Weiss Ratings upgraded shares of StoneX Group from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, February 23rd. William Blair restated an "outperform" rating on shares of StoneX Group in a research report on Monday, March 9th. Finally, Wall Street Zen upgraded shares of StoneX Group from a "hold" rating to a "buy" rating in a report on Sunday, April 5th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $122.00.
Check Out Our Latest Stock Report on StoneX Group
Hedge Funds Weigh In On StoneX Group
A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in StoneX Group by 34.3% in the 3rd quarter. Vanguard Group Inc. now owns 4,020,305 shares of the company's stock valued at $405,729,000 after purchasing an additional 1,027,489 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in StoneX Group by 50.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,107,795 shares of the company's stock valued at $169,976,000 after purchasing an additional 704,493 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in StoneX Group by 18.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,851,468 shares of the company's stock valued at $271,261,000 after purchasing an additional 439,771 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in StoneX Group by 24.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,499,292 shares of the company's stock valued at $142,628,000 after purchasing an additional 294,203 shares during the last quarter. Finally, Van Berkom & Associates Inc. boosted its holdings in StoneX Group by 21.1% in the 1st quarter. Van Berkom & Associates Inc. now owns 1,384,258 shares of the company's stock valued at $111,640,000 after purchasing an additional 240,749 shares during the last quarter. Hedge funds and other institutional investors 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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
