StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) CFO William Dunaway sold 63,602 shares of the business's stock in a transaction on Friday, June 12th. The stock was sold at an average price of $131.16, for a total transaction of $8,342,038.32. Following the transaction, the chief financial officer directly owned 294,359 shares in the company, valued at approximately $38,608,126.44. The trade was a 17.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
StoneX Group Trading Up 3.9%
NASDAQ SNEX opened at $135.73 on Tuesday. The company's fifty day simple moving average is $109.51 and its 200-day simple moving average is $106.45. StoneX Group Inc. has a 52 week low of $53.52 and a 52 week high of $138.47. The company has a current ratio of 1.74, a quick ratio of 1.33 and a debt-to-equity ratio of 1.27. The stock has a market cap of $10.76 billion, a P/E ratio of 24.25 and a beta of 0.64.
Shares of StoneX Group are set to split on Monday, July 20th. The 3-2 split was announced on Tuesday, May 26th. The newly issued shares will be issued to shareholders after the closing bell on Friday, July 17th.
StoneX Group (NASDAQ:SNEX - Get Free Report) last posted its 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 business had revenue of $826.40 million for the quarter, compared to analysts' expectations of $1.37 billion. Equities research analysts predict that StoneX Group Inc. will post 6 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several research firms recently issued reports on SNEX. Zacks Research raised shares of StoneX Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 5th. William Blair reaffirmed an "outperform" rating on shares of StoneX Group in a report on Monday, March 9th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of StoneX Group in a report on Friday, May 22nd. Finally, Wall Street Zen raised shares of StoneX Group from a "hold" rating to a "buy" rating in a report on Sunday, April 5th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $122.00.
Read Our Latest Stock Report on StoneX Group
Institutional Trading of StoneX Group
Several institutional investors have recently added to or reduced their stakes in SNEX. AlphaQuest LLC increased its stake in StoneX Group by 28,000.0% during the third quarter. AlphaQuest LLC now owns 281 shares of the company's stock valued at $28,000 after purchasing an additional 280 shares during the last quarter. Cassaday & Co Wealth Management LLC bought a new position in shares of StoneX Group during the first quarter worth about $34,000. Sterling Capital Management LLC grew its position in shares of StoneX Group by 48.8% during the first quarter. Sterling Capital Management LLC now owns 476 shares of the company's stock worth $38,000 after acquiring an additional 156 shares during the last quarter. Transamerica Financial Advisors LLC grew its position in shares of StoneX Group by 183.0% during the fourth quarter. Transamerica Financial Advisors LLC now owns 433 shares of the company's stock worth $41,000 after acquiring an additional 280 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new position in shares of StoneX Group during the fourth quarter worth about $50,000. Institutional investors own 75.93% of the company's stock.
StoneX Group Company Profile
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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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