Key Points
- StoneX Chairman Sean O’Connor sold 76,148 shares at an average price of $60.35, generating $4.60 million. The Rule 10b5-1 transaction reduced his stake by 3.99%, leaving him with 1.83 million shares.
- StoneX shares opened at $60.24, with a $7.27 billion market capitalization and a 52-week range of $36.45 to $94.66. The company recently beat quarterly earnings expectations, reporting $1.00 in EPS versus the $0.86 consensus.
- Analyst sentiment is mostly neutral: three analysts rate the stock Hold and one rates it Buy, producing an average Hold rating and a consensus price target of $112.00.
StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) Chairman Sean O'Connor sold 76,148 shares of the company's stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $60.35, for a total value of $4,595,531.80. Following the completion of the sale, the chairman owned 1,831,799 shares in the company, valued at $110,549,069.65. The trade was a 3.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Sean Michael Oconnor also recently made the following trade(s):
- On Wednesday, July 22nd, Sean O'Connor sold 104,934 shares of StoneX Group stock. The stock was sold at an average price of $74.33, for a total value of $7,799,744.22.
StoneX Group Stock Down 0.2%
StoneX Group stock opened at $60.24 on Wednesday. The firm has a market cap of $7.27 billion, a price-to-earnings ratio of 14.38 and a beta of 0.62. StoneX Group Inc. has a 52 week low of $36.45 and a 52 week high of $94.66. The business's 50-day moving average price is $67.06 and its 200 day moving average price is $71.89. The company has a quick ratio of 1.39, a current ratio of 1.82 and a debt-to-equity ratio of 1.45.
StoneX Group (NASDAQ:SNEX - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate 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 $39.71 billion during the quarter, compared to analysts' expectations of $1.32 billion. As a group, sell-side analysts anticipate that StoneX Group Inc. will post 4.35 earnings per share for the current year.
Institutional Investors Weigh In On StoneX Group
Institutional investors have recently modified their holdings of the business. Sterling Capital Management LLC boosted its holdings in shares of StoneX Group by 48.7% in the first quarter. Sterling Capital Management LLC now owns 476 shares of the company's stock valued at $38,000 after acquiring an additional 156 shares during the period. Basecamp Wealth Advisors LLC grew its holdings in shares of StoneX Group by 49.7% during the first quarter. Basecamp Wealth Advisors LLC now owns 512 shares of the company's stock worth $41,000 after buying an additional 170 shares during the last quarter. BayBridge Capital Group LLC grew its stake in shares of StoneX Group by 5.3% in the 2nd quarter. BayBridge Capital Group LLC now owns 4,166 shares of the company's stock valued at $494,000 after purchasing an additional 208 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of StoneX Group by 51.1% in the third quarter. Versant Capital Management Inc now owns 630 shares of the company's stock valued at $41,000 after purchasing an additional 213 shares during the period. Finally, Rakuten Securities Inc. acquired a new position in shares of StoneX Group in the second quarter valued at approximately $26,000. 75.93% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the stock. Zacks Research lowered shares of StoneX Group from a "strong-buy" rating to a "hold" rating in a report on Monday, October 5th. Weiss Ratings cut shares of StoneX Group from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, September 29th. Jefferies Financial Group downgraded shares of StoneX Group from a "buy" rating to a "hold" rating and lowered their price target for the stock from $123.00 to $112.00 in a report on Monday, July 20th. Finally, Wall Street Zen downgraded shares of StoneX Group from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, StoneX Group currently has an average rating of "Hold" and a consensus target price of $112.00.
View Our Latest Stock Report on SNEX
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.
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