Key Points
- Chairman Sean Michael Oconnor sold 75,000 StoneX Group shares on June 12 at an average price of $131.15, generating about $9.84 million. After the sale, he still held 1,161,921 shares worth roughly $152.4 million.
- Insider selling has been broader than one trade, with Oconnor also making several other recent sales and other executives and directors reportedly selling shares as well. The article suggests this may reflect insiders taking profits after a strong rally.
- StoneX is near recent highs and has a stock split coming, with shares trading around $131.90 and a 3-for-2 split scheduled for July 20. The company also recently beat earnings expectations, even though revenue came in below analyst estimates.
StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) Director Annabelle Bexiga sold 1,500 shares of StoneX Group stock in a transaction on Monday, June 15th. The shares were sold at an average price of $133.36, for a total value of $200,040.00. Following the completion of the transaction, the director owned 20,188 shares in the company, valued at approximately $2,692,271.68. The trade was a 6.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
StoneX Group Trading Down 2.8%
Shares of SNEX opened at $131.90 on Wednesday. StoneX Group Inc. has a 52-week low of $53.52 and a 52-week high of $139.24. The business's fifty day moving average is $110.46 and its 200-day moving average is $106.74. 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 firm has a market cap of $10.45 billion, a price-to-earnings ratio of 23.57 and a beta of 0.64.
StoneX Group shares are scheduled to split on Monday, July 20th. The 3-2 split was announced on Tuesday, May 26th. The newly minted shares will be distributed to shareholders after the market closes on Friday, July 17th.
StoneX Group (NASDAQ:SNEX - Get Free Report) last issued 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. StoneX Group had a return on equity of 19.31% and a net margin of 0.30%.The company had revenue of $826.40 million for the quarter, compared to analyst estimates of $1.37 billion. Equities analysts anticipate that StoneX Group Inc. will post 6 EPS for the current fiscal year.
Institutional Investors Weigh In On StoneX Group
A number of institutional investors have recently made changes to their positions in the stock. Choreo LLC grew its position in shares of StoneX Group by 4.5% in the 4th quarter. Choreo LLC now owns 2,764 shares of the company's stock valued at $270,000 after buying an additional 118 shares during the last quarter. Xponance Inc. grew its position in shares of StoneX Group by 3.6% in the 3rd quarter. Xponance Inc. now owns 3,624 shares of the company's stock valued at $366,000 after buying an additional 125 shares during the last quarter. Lido Advisors LLC grew its position in shares of StoneX Group by 3.2% in the 4th quarter. Lido Advisors LLC now owns 4,050 shares of the company's stock valued at $403,000 after buying an additional 125 shares during the last quarter. Maryland State Retirement & Pension System raised its stake in StoneX Group by 2.2% during the fourth quarter. Maryland State Retirement & Pension System now owns 6,818 shares of the company's stock worth $649,000 after buying an additional 144 shares during the last quarter. Finally, Sterling Capital Management LLC raised its stake in 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 buying an additional 156 shares during the last quarter. Institutional investors own 75.93% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on the company. Weiss Ratings reiterated a "buy (b-)" rating on shares of StoneX Group in a research note on Friday, May 22nd. Wall Street Zen raised StoneX Group from a "hold" rating to a "buy" rating in a report on Sunday, April 5th. Zacks Research raised StoneX Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 5th. Finally, William Blair reaffirmed an "outperform" rating on shares of StoneX Group in a report on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $122.00.
View Our Latest Stock Report on SNEX
Trending Headlines about StoneX Group
Here are the key news stories impacting StoneX Group this week:
- Positive Sentiment: StoneX recently hit a new 12-month high, reflecting strong recent investor demand and momentum in the shares. StoneX Group (NASDAQ:SNEX) Hits New 12-Month High - Should You Buy?
- Positive Sentiment: The stock had a strong prior-session move with above-average volume, suggesting traders are still responding favorably to recent earnings results and analyst sentiment. StoneX Group (SNEX) Soars 3.9%: Is Further Upside Left in the Stock?
- Neutral Sentiment: The company announced a 3-for-2 stock split scheduled for July 20, which can improve trading liquidity and attention but does not change fundamentals. StoneX Group insider trades page
- Negative Sentiment: Chairman Sean Michael Oconnor sold 150,000 shares in two transactions, CFO William Dunaway sold 63,602 shares, President Charles M. Lyon sold 9,000 shares, and Director Annabelle G. Bexiga sold 1,500 shares, adding to concerns that insiders may be taking profits after the recent rally. SEC filing
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.
Further Reading

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