Key Points
- Director stock sale: John Moore Fowler sold 1,575 StoneX shares for approximately $118,771 under a pre-arranged Rule 10b5-1 plan, reducing his ownership by 0.61% to 255,271 shares.
- Recent performance: StoneX reported quarterly EPS of $1.00, exceeding the $0.86 consensus estimate, while revenue of $718 million fell short of the $1.32 billion expectation. The stock opened at $66.72, down 12.2%.
- Analyst sentiment: Jefferies and Zacks downgraded the stock to Hold, although the consensus rating remains “Moderate Buy” with a $112 price target. Institutional investors own approximately 75.93% of the company.
StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) Director John Moore Fowler sold 1,575 shares of the company's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $75.41, for a total transaction of $118,770.75. Following the completion of the transaction, the director directly owned 255,271 shares of the company's stock, valued at approximately $19,249,986.11. The trade was a 0.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
StoneX Group Stock Down 12.2%
Shares of NASDAQ SNEX opened at $66.72 on Friday. StoneX Group Inc. has a 1 year low of $36.25 and a 1 year high of $94.66. The firm has a market cap of $7.93 billion, a price-to-earnings ratio of 15.93 and a beta of 0.66. 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's 50-day simple moving average is $79.70 and its 200-day simple moving average is $74.91.
StoneX Group (NASDAQ:SNEX - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.86 by $0.14. StoneX Group had a return on equity of 20.80% and a net margin of 0.33%.The business had revenue of $718.00 million for the quarter, compared to analysts' expectations of $1.32 billion. As a group, equities analysts anticipate that StoneX Group Inc. will post 4 earnings per share for the current fiscal year.
Analysts Set New Price Targets
SNEX has been the subject of several research analyst reports. Jefferies Financial Group cut StoneX Group from a "buy" rating to a "hold" rating and reduced their target price for the company from $123.00 to $112.00 in a research note on Monday, July 20th. Weiss Ratings cut shares of StoneX Group from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday, July 17th. Finally, Zacks Research downgraded shares of StoneX Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 6th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $112.00.
Read Our Latest Research Report on StoneX Group
Institutional Trading of StoneX Group
Hedge funds and other institutional investors have recently bought and sold shares of the company. Wasatch Advisors LP acquired a new position in StoneX Group in the second quarter worth $139,730,000. Dimensional Fund Advisors LP raised its holdings in shares of StoneX Group by 50.2% during the first 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 during the period. Price T Rowe Associates Inc. MD lifted its position 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 buying an additional 439,771 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of StoneX Group in the 2nd quarter valued at about $51,254,000. Finally, T. Rowe Price Investment Management Inc. grew its position in shares of StoneX Group by 24.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,499,292 shares of the company's stock valued at $142,628,000 after buying an additional 294,203 shares during the last quarter. 75.93% of the stock is owned by institutional investors.
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.
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