Key Points
- Insider sale: Mark Lowry Maurer sold 52,953 StoneX Group shares for approximately $3.20 million under a pre-arranged Rule 10b5-1 plan, reducing his ownership by 19.42% to 219,663 shares.
- Repeated selling: Maurer has sold more than 260,000 shares since July, with previous transactions occurring in July, August and September at prices ranging from $66.25 to $74.32.
- Investor outlook: StoneX recently exceeded quarterly EPS estimates, but four of five cited analysts rate the stock Hold. Shares opened at $59.93, below their 50-day and 200-day moving averages of $66.73 and $71.94, respectively.
StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) insider Mark Maurer sold 52,953 shares of the stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $60.35, for a total transaction of $3,195,713.55. Following the sale, the insider owned 219,663 shares of the company's stock, valued at approximately $13,256,662.05. This represents a 19.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available 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 Tuesday, September 15th, Mark Maurer sold 50,528 shares of StoneX Group stock. The shares were sold at an average price of $67.02, for a total transaction of $3,386,386.56.
- 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 value of $3,487,930.00.
- On Wednesday, July 22nd, Mark Maurer sold 52,376 shares of StoneX Group stock. The stock was sold at an average price of $74.32, for a total transaction of $3,892,584.32.
StoneX Group Stock Performance
StoneX Group stock opened at $59.93 on Thursday. The company has a quick ratio of 1.39, a current ratio of 1.82 and a debt-to-equity ratio of 1.45. The company has a market capitalization of $7.23 billion, a P/E ratio of 14.31 and a beta of 0.62. The stock's 50 day moving average is $66.73 and its 200 day moving average is $71.94. StoneX Group Inc. has a twelve month low of $36.45 and a twelve month high of $94.66.
StoneX Group (NASDAQ:SNEX - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $1.00 earnings per share for the quarter, beating 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 analyst estimates of $1.32 billion. On average, equities research analysts predict that StoneX Group Inc. will post 4.35 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on SNEX shares. Jefferies Financial Group cut StoneX Group from a "buy" rating to a "hold" rating and dropped their target price for the stock from $123.00 to $112.00 in a research report on Monday, July 20th. Zacks Research lowered shares of StoneX Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 5th. Weiss Ratings lowered shares of StoneX Group from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, September 29th. Finally, Wall Street Zen cut shares of StoneX Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $112.00.
Read Our Latest Report on SNEX
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. BlackRock Inc. bought a new stake in StoneX Group during the second quarter valued at about $1,343,877,000. Wasatch Advisors LP purchased a new position in shares of StoneX Group in the second quarter valued at about $139,730,000. Dimensional Fund Advisors LP lifted its position in shares of StoneX Group by 50.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,107,795 shares of the company's stock valued at $169,976,000 after acquiring an additional 704,493 shares in the last quarter. Punch & Associates Investment Management Inc. purchased a new position in shares of StoneX Group in the second quarter valued at about $82,250,000. Finally, Bank of America Corp DE bought a new position in shares of StoneX Group in the second quarter worth about $51,370,000. Hedge funds and other institutional investors own 75.93% of the company's stock.
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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