StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) CFO William Dunaway sold 96,490 shares of the company's stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $66.35, for a total transaction of $6,402,111.50. Following the completion of the transaction, the chief financial officer owned 502,203 shares in the company, valued at approximately $33,321,169.05. This represents a 16.12% decrease in their ownership of the stock. The sale was disclosed in a legal 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 Stock Performance
NASDAQ:SNEX opened at $68.41 on Tuesday. StoneX Group Inc. has a fifty-two week low of $36.45 and a fifty-two week high of $94.66. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.39 and a current ratio of 1.82. The company has a 50 day moving average price of $78.49 and a 200 day moving average price of $74.65. The stock has a market capitalization of $8.25 billion, a P/E ratio of 16.33 and a beta of 0.66.
StoneX Group (NASDAQ:SNEX - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.86 by $0.14. StoneX Group had a return on equity of 20.18% and a net margin of 0.33%.The company had revenue of $718.00 million for the quarter, compared to analyst estimates of $1.32 billion. Equities research analysts forecast that StoneX Group Inc. will post 4.35 EPS for the current year.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on the company. Weiss Ratings downgraded StoneX Group from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday, July 17th. Zacks Research upgraded StoneX Group from a "hold" rating to a "strong-buy" rating in a report on Friday, August 7th. Wall Street Zen downgraded StoneX Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Finally, Jefferies Financial Group lowered shares of StoneX Group from a "buy" rating to a "hold" rating and cut their price target for the stock from $123.00 to $112.00 in a research note on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $112.00.
Get Our Latest Stock Analysis on SNEX
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of SNEX. Royal Bank of Canada boosted its position in shares of StoneX Group by 129.0% in the 1st quarter. Royal Bank of Canada now owns 77,545 shares of the company's stock valued at $5,923,000 after purchasing an additional 43,678 shares during the period. NewEdge Advisors LLC acquired a new position in StoneX Group during the first quarter worth approximately $449,000. Goldman Sachs Group Inc. increased its position in StoneX Group by 6.5% during the first quarter. Goldman Sachs Group Inc. now owns 225,711 shares of the company's stock worth $17,240,000 after buying an additional 13,815 shares during the period. United Services Automobile Association purchased a new stake in StoneX Group in the first quarter valued at approximately $210,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in StoneX Group by 55.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 107,125 shares of the company's stock valued at $8,182,000 after buying an additional 38,073 shares during the last quarter. 75.93% of the stock is owned by hedge funds and other institutional investors.
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
