Key Points
- StoneX Group CEO Philip Smith sold 56,250 shares at an average price of $65.69, generating proceeds of approximately $3.70 million. The Rule 10b5-1 transaction reduced his ownership by 7.08%, leaving him with 738,216 shares.
- StoneX shares opened at $65.25 and were down 1.0%, with the stock trading below its 50-day and 200-day moving averages. The company has a $7.87 billion market capitalization and a one-year trading range of $36.45 to $94.66.
- Analyst sentiment remains broadly positive, with a consensus “Buy” rating and a $112 target price, despite some recent downgrades. StoneX also exceeded quarterly earnings expectations, reporting $1.00 EPS versus the $0.86 consensus estimate.
StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) CEO Philip Smith sold 56,250 shares of StoneX Group stock in a transaction on Monday, September 28th. The stock was sold at an average price of $65.69, for a total value of $3,695,062.50. Following the sale, the chief executive officer owned 738,216 shares in the company, valued at $48,493,409.04. This trade represents a 7.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available 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 Wednesday, July 22nd, Philip Smith sold 45,000 shares of StoneX Group stock. The shares were sold at an average price of $74.32, for a total value of $3,344,400.00.
StoneX Group Trading Down 1.0%
Shares of StoneX Group stock opened at $65.25 on Wednesday. StoneX Group Inc. has a 1 year low of $36.45 and a 1 year high of $94.66. The firm has a market cap of $7.87 billion, a PE ratio of 15.58 and a beta of 0.63. The stock has a fifty day moving average price of $69.39 and a 200-day moving average price of $71.92. 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 results 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. The company had revenue of $39.71 billion for the quarter, compared to the consensus estimate of $1.32 billion. StoneX Group had a net margin of 0.33% and a return on equity of 20.18%. Equities research analysts anticipate that StoneX Group Inc. will post 4.35 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on SNEX. Wall Street Zen downgraded shares of StoneX Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Weiss Ratings raised shares of StoneX Group from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, September 14th. Jefferies Financial Group downgraded StoneX Group from a "buy" rating to a "hold" rating and dropped their price objective for the company from $123.00 to $112.00 in a research note on Monday, July 20th. Finally, Zacks Research raised StoneX Group from a "hold" rating to a "strong-buy" rating in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $112.00.
View Our Latest Research Report on StoneX Group
Institutional Investors Weigh In On StoneX Group
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rakuten Securities Inc. purchased a new stake in StoneX Group during the second quarter valued at about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of StoneX Group in the second quarter worth about $42,000. Silvant Capital Management LLC bought a new stake in shares of StoneX Group in the second quarter valued at approximately $43,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of StoneX Group in the first quarter valued at approximately $34,000. Finally, Sterling Capital Management LLC lifted its stake in shares of StoneX Group by 48.7% during the 1st quarter. Sterling Capital Management LLC now owns 476 shares of the company's stock valued at $38,000 after buying an additional 156 shares in the last quarter. 75.93% of the stock is currently owned by institutional investors.
About StoneX Group
(
Get Free Report)
StoneX Group Inc is a global financial services company that provides execution, clearing, custody, payments, market intelligence and risk-management solutions. Through its businesses, the company serves commercial and institutional clients, asset managers, broker-dealers, government and nonprofit organizations, and retail investors.
StoneX offers access to a broad range of markets and products, including equities, fixed income, foreign exchange, commodities, futures and options. Its services include institutional trading and clearing, physical commodities and hedging solutions, global payments, securities financing, wealth-management support and online trading for individual investors.
The company operates through a global network serving clients across North America, Latin America, Europe, Asia and other international markets.
Further Reading
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