Key Points
- StoneX Group insider Diego Rotsztain sold 13,696 shares on May 20 at an average price of $112.79, totaling about $1.54 million. The transaction was made under a pre-arranged Rule 10b5-1 trading plan.
- Rotsztain also sold 20,054 shares two days earlier on May 18 for about $2.24 million, showing a notable reduction in his stake over a short period.
- StoneX shares were trading up 3.2% at $112.92, while the company recently beat quarterly EPS estimates, reporting $2.07 per share versus the $1.60 consensus.
StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) insider Diego Rotsztain sold 13,696 shares of StoneX Group stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $112.79, for a total transaction of $1,544,771.84. Following the completion of the sale, the insider owned 23,247 shares in the company, valued at approximately $2,622,029.13. This represents a 37.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Diego Rotsztain also recently made the following trade(s):
- On Monday, May 18th, Diego Rotsztain sold 20,054 shares of StoneX Group stock. The shares were sold at an average price of $111.48, for a total transaction of $2,235,619.92.
StoneX Group Trading Up 3.2%
Shares of NASDAQ:SNEX opened at $112.92 on Thursday. The company has a market cap of $8.95 billion, a PE ratio of 20.18 and a beta of 0.64. The company's 50-day moving average price is $100.28 and its 200 day moving average price is $102.65. 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 quick ratio of 1.33, a current ratio of 1.74 and a debt-to-equity ratio of 1.27.
StoneX Group (NASDAQ:SNEX - Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported $2.07 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $1.37 billion. Sell-side analysts anticipate that StoneX Group Inc. will post 6 earnings per share for the current year.
Institutional Trading of StoneX Group
A number of hedge funds and other institutional investors have recently made changes to their positions in SNEX. Vanguard Group Inc. raised its holdings in shares of StoneX Group by 34.3% in the 3rd quarter. Vanguard Group Inc. now owns 4,020,305 shares of the company's stock worth $405,729,000 after purchasing an additional 1,027,489 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of StoneX Group by 50.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,107,795 shares of the company's stock worth $169,976,000 after purchasing an additional 704,493 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of 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 worth $271,261,000 after purchasing an additional 439,771 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in shares of 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 worth $142,628,000 after purchasing an additional 294,203 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of StoneX Group by 115.6% in the 1st quarter. Bank of America Corp DE now owns 464,475 shares of the company's stock worth $37,460,000 after purchasing an additional 249,088 shares in the last quarter. 75.93% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
SNEX has been the topic of a number of recent analyst reports. Jefferies Financial Group boosted 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. Zacks Research upgraded shares of StoneX Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 5th. William Blair restated an "outperform" rating on shares of StoneX Group in a research report on Monday, March 9th. Wall Street Zen upgraded shares of StoneX Group from a "hold" rating to a "buy" rating in a research report on Sunday, April 5th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. Based on data from MarketBeat, StoneX Group currently has a consensus rating of "Buy" and an average price target of $122.00.
Read Our Latest Research Report 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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