Key Points
- StoneX insider Mark Maurer sold 50,528 shares at an average price of $67.02, generating approximately $3.39 million. The Rule 10b5-1 transaction reduced his ownership by 19.91% to 203,244 shares.
- Maurer has also sold more than 157,000 additional shares since July, while StoneX shares recently opened at $66.86—below both their 50-day and 200-day moving averages.
- Despite the insider selling, StoneX reported quarterly EPS of $1.00, beating estimates of $0.86, and analysts maintain an overall “Buy” rating with a consensus price target of $112.
StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) insider Mark Maurer sold 50,528 shares of the business's stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $67.02, for a total transaction of $3,386,386.56. Following the completion of the sale, the insider owned 203,244 shares in the company, valued at $13,621,412.88. This represents a 19.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Mark Lowry Maurer also recently made the following trade(s):
- On Monday, September 14th, Mark Maurer sold 52,564 shares of StoneX Group stock. The shares were sold at an average price of $68.83, for a total transaction of $3,617,980.12.
- On Friday, August 7th, Mark Maurer sold 52,648 shares of StoneX Group stock. The stock was sold at an average price of $66.25, for a total transaction of $3,487,930.00.
- On Wednesday, July 22nd, Mark Maurer sold 52,376 shares of StoneX Group stock. The shares were sold at an average price of $74.32, for a total transaction of $3,892,584.32.
StoneX Group Stock Down 2.4%
Shares of NASDAQ SNEX opened at $66.86 on Wednesday. The firm's 50-day moving average is $71.03 and its two-hundred day moving average is $72.76. The company has a market capitalization of $8.06 billion, a PE ratio of 15.96 and a beta of 0.63. StoneX Group Inc. has a 12-month low of $36.45 and a 12-month high of $94.66. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.82 and a quick ratio of 1.39.
StoneX Group (NASDAQ:SNEX - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $1.00 earnings per share for the quarter, topping analysts' consensus estimates of $0.86 by $0.14. StoneX Group had a net margin of 0.33% and a return on equity of 20.18%. The business had revenue of $39.71 billion during the quarter, compared to analysts' expectations of $1.32 billion. Equities analysts anticipate that StoneX Group Inc. will post 4.35 EPS for the current fiscal year.
Wall Street Analyst Weigh In
SNEX has been the subject of a number of analyst reports. Weiss Ratings raised StoneX Group from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday. Zacks Research raised StoneX Group from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 7th. Wall Street Zen cut StoneX Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Finally, Jefferies Financial Group downgraded shares of StoneX Group from a "buy" rating to a "hold" rating and cut their target price for the company from $123.00 to $112.00 in a research note on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $112.00.
Read Our Latest Stock Analysis on StoneX Group
Institutional Trading of StoneX Group
Several hedge funds and other institutional investors have recently bought and sold shares of SNEX. BlackRock Inc. purchased a new stake in shares of StoneX Group in the second quarter valued at $1,343,877,000. Wasatch Advisors LP acquired a new position in StoneX Group in the second quarter valued at $139,730,000. Dimensional Fund Advisors LP lifted its position in 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 buying an additional 704,493 shares during the period. Punch & Associates Investment Management Inc. acquired a new stake in StoneX Group in the 2nd quarter worth about $82,250,000. Finally, Bank of America Corp DE acquired a new stake in StoneX Group in the 2nd quarter worth about $51,370,000. 75.93% of the stock is owned by hedge funds and other institutional investors.
StoneX Group Company Profile
(
Get Free Report)
StoneX Group Inc (NASDAQ: SNEX) is a global financial services company that provides execution, clearing, market-making, advisory and risk-management services across a range of markets. Its clients include commercial and industrial businesses, institutional investors, broker-dealers, asset managers, professional traders and retail investors.
The company's offerings include futures and options trading, securities execution and clearing, foreign exchange, global payments, commodities trading and hedging, and access to physical commodities markets.
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