Key Points
- CEO Philip Smith sold 45,000 StoneX shares at an average price of $59.50, generating $2.68 million. The Rule 10b5-1 transaction reduced his stake by 5.75% to 738,216 shares.
- StoneX shares opened at $59.92, below their 50-day and 200-day moving averages of $66.60 and $72.00, respectively. The stock has traded between $36.45 and $94.66 over the past year.
- Analyst sentiment has weakened, with multiple firms downgrading the stock to Hold; the consensus rating is Hold with a $112 price target. Institutional investors own approximately 75.93% of the company.
StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) CEO Philip Smith sold 45,000 shares of the company's stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $59.50, for a total transaction of $2,677,500.00. Following the completion of the sale, the chief executive officer owned 738,216 shares in the company, valued at approximately $43,923,852. This trade represents a 5.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Philip Andrew Smith also recently made the following trade(s):
- On Monday, September 28th, Philip Smith sold 56,250 shares of StoneX Group stock. The shares were sold at an average price of $65.69, for a total transaction of $3,695,062.50.
- 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 transaction of $3,344,400.00.
StoneX Group Stock Performance
Shares of SNEX opened at $59.92 on Friday. 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 business's 50 day moving average price is $66.60 and its 200-day moving average price is $72.00. StoneX Group Inc. has a 52 week low of $36.45 and a 52 week high of $94.66. The stock has a market cap of $7.23 billion, a P/E ratio of 14.30 and a beta of 0.62.
StoneX Group (NASDAQ:SNEX - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.00 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $1.32 billion. Equities research analysts anticipate that StoneX Group Inc. will post 4.35 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the business. Sterling Capital Management LLC lifted its holdings in shares of StoneX Group by 48.7% during the first quarter. Sterling Capital Management LLC now owns 476 shares of the company's stock valued at $38,000 after purchasing an additional 156 shares in the last quarter. Basecamp Wealth Advisors LLC increased its holdings in StoneX Group by 49.7% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 512 shares of the company's stock worth $41,000 after buying an additional 170 shares in the last quarter. BayBridge Capital Group LLC increased its holdings in StoneX Group by 5.3% in the 2nd quarter. BayBridge Capital Group LLC now owns 4,166 shares of the company's stock worth $494,000 after buying an additional 208 shares in the last quarter. Versant Capital Management Inc increased its holdings in StoneX Group by 51.1% in the 3rd quarter. Versant Capital Management Inc now owns 630 shares of the company's stock worth $41,000 after buying an additional 213 shares in the last quarter. Finally, Rakuten Securities Inc. purchased a new position in StoneX Group in the 2nd quarter worth about $26,000. Hedge funds and other institutional investors own 75.93% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms have commented on SNEX. Zacks Research downgraded StoneX Group from a "strong-buy" rating to a "hold" rating in a report on Monday, October 5th. Jefferies Financial Group cut StoneX Group from a "buy" rating to a "hold" rating and cut their target price for the stock from $123.00 to $112.00 in a research note on Monday, July 20th. Weiss Ratings downgraded StoneX Group from a "hold (c+)" rating to a "hold (c)" rating in a report on Wednesday. Finally, Wall Street Zen lowered StoneX Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $112.00.
Get Our Latest Stock Analysis 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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