Key Points
- StoneX CEO Philip Andrew Smith sold 51,540 shares on June 30 at an average price of $118.72, totaling about $6.12 million. After the sale, he still held 492,144 shares, and the trade was made under a pre-arranged Rule 10b5-1 plan.
- StoneX is set to execute a 3-for-2 stock split, with newly issued shares distributed after the market close on July 17 and the split taking effect on the morning of July 20.
- The company recently beat earnings estimates, reporting $2.07 EPS versus the expected $1.60, while analysts currently rate the stock a consensus “Buy” with a $122 price target.
StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) CEO Philip Andrew Smith sold 51,540 shares of the business's stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $118.72, for a total transaction of $6,118,828.80. Following the sale, the chief executive officer directly owned 492,144 shares in the company, valued at $58,427,335.68. This trade represents a 9.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Philip Andrew Smith also recently made the following trade(s):
- On Friday, April 10th, Philip Andrew Smith sold 30,000 shares of StoneX Group stock. The stock was sold at an average price of $92.23, for a total value of $2,766,900.00.
StoneX Group Stock Performance
Shares of SNEX opened at $123.74 on Thursday. 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 stock has a 50-day moving average of $118.15 and a two-hundred day moving average of $109.78. The stock has a market cap of $9.81 billion, a P/E ratio of 22.11 and a beta of 0.65. StoneX Group Inc. has a one year low of $53.52 and a one year high of $141.99.
StoneX Group's stock is scheduled to split on the morning of Monday, July 20th. The 3-2 split was announced on Tuesday, May 26th. The newly minted shares will be issued to shareholders after the closing bell on Friday, July 17th.
StoneX Group (NASDAQ:SNEX - Get Free Report) last released 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. The firm had revenue of $826.40 million during the quarter, compared to the consensus estimate of $1.37 billion. StoneX Group had a return on equity of 19.31% and a net margin of 0.30%. As a group, research analysts predict that StoneX Group Inc. will post 6 EPS for the current year.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of SNEX. Bessemer Group Inc. increased its holdings in shares of StoneX Group by 1,562.1% during the 4th quarter. Bessemer Group Inc. now owns 164,249 shares of the company's stock valued at $15,626,000 after purchasing an additional 154,367 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in StoneX Group by 18,363.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 26,772 shares of the company's stock worth $2,547,000 after buying an additional 26,627 shares in the last quarter. Leuthold Group LLC boosted its holdings in StoneX Group by 834.0% during the fourth quarter. Leuthold Group LLC now owns 30,487 shares of the company's stock worth $2,900,000 after buying an additional 27,223 shares in the last quarter. Vanguard Group Inc. grew its position in StoneX Group by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 4,031,545 shares of the company's stock valued at $383,521,000 after buying an additional 11,240 shares during the period. Finally, BTC Capital Management Inc. increased its holdings in StoneX Group by 12.6% in the fourth quarter. BTC Capital Management Inc. now owns 8,657 shares of the company's stock valued at $824,000 after buying an additional 970 shares in the last quarter. 75.93% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research firms have recently commented 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. Weiss Ratings upgraded shares of StoneX Group from a "buy (b-)" rating to a "buy (b)" rating in a research report on Monday. Wall Street Zen raised shares of StoneX Group from a "hold" rating to a "buy" rating in a report on Sunday, April 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 assigned a Buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $122.00.
Get Our Latest Stock Report on StoneX Group
StoneX Group Company Profile
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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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