Key Points
- StoneX Group Chairman Sean Michael Oconnor sold 72,140 shares on May 19 at an average price of $109.94, totaling about $7.93 million. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- Oconnor has also sold shares on two prior trading days, including 140,070 shares on May 15 and 87,790 shares on May 18, indicating a recent pattern of insider selling.
- Despite the insider sales, StoneX reported better-than-expected quarterly EPS of $2.07 versus the $1.60 consensus estimate, and analysts currently maintain a Buy consensus with a $122 price target.
StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) Chairman Sean Michael Oconnor sold 72,140 shares of StoneX Group stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $109.94, for a total value of $7,931,071.60. Following the sale, the chairman owned 1,236,921 shares of the company's stock, valued at approximately $135,987,094.74. This represents a 5.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Sean Michael Oconnor also recently made the following trade(s):
- On Friday, May 15th, Sean Michael Oconnor sold 140,070 shares of StoneX Group stock. The shares were sold at an average price of $110.31, for a total transaction of $15,451,121.70.
- On Monday, May 18th, Sean Michael Oconnor sold 87,790 shares of StoneX Group stock. The shares were sold at an average price of $111.46, for a total transaction of $9,785,073.40.
StoneX Group Stock Down 1.3%
SNEX stock opened at $109.37 on Wednesday. The company has a current ratio of 1.74, a quick ratio of 1.33 and a debt-to-equity ratio of 1.27. StoneX Group Inc. has a 1 year low of $53.52 and a 1 year high of $125.42. The company has a fifty day simple moving average of $100.20 and a 200 day simple moving average of $102.52. The firm has a market cap of $8.67 billion, a PE ratio of 19.54 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 (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 business had revenue of $826.40 million during the quarter, compared to analyst estimates of $1.37 billion. Sell-side analysts anticipate that StoneX Group Inc. will post 6 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on SNEX. William Blair restated an "outperform" rating on shares of StoneX Group in a report on Monday, March 9th. Weiss Ratings upgraded StoneX Group from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, February 23rd. Jefferies Financial Group boosted their target price on StoneX Group from $99.00 to $122.00 and gave the stock a "buy" rating in a report on Monday, February 2nd. Wall Street Zen upgraded StoneX Group from a "hold" rating to a "buy" rating in a report on Sunday, April 5th. Finally, Zacks Research upgraded StoneX Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $122.00.
View Our Latest Stock Analysis on StoneX Group
Institutional Investors Weigh In On StoneX Group
Hedge funds have recently bought and sold shares of the company. Cornerstone Planning Group LLC boosted its holdings in StoneX Group by 4,133.3% during the third quarter. Cornerstone Planning Group LLC now owns 254 shares of the company's stock valued at $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% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 264 shares of the company's stock worth $27,000 after buying an additional 242 shares during the period. AlphaQuest LLC increased its position in StoneX Group by 28,000.0% in the 3rd quarter. AlphaQuest LLC now owns 281 shares of the company's stock worth $28,000 after buying an additional 280 shares during the period. Cassaday & Co Wealth Management LLC bought a new position in StoneX Group in the 1st quarter worth approximately $34,000. Finally, Sterling Capital Management LLC increased its position in StoneX Group by 48.8% in the 1st quarter. Sterling Capital Management LLC now owns 476 shares of the company's stock worth $38,000 after buying an additional 156 shares during the period. 75.93% of the stock is currently owned by institutional investors.
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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