Key Points
- StoneX director John Fowler sold 1,575 shares for $89,570.25 at an average price of $56.87 under a pre-arranged Rule 10b5-1 plan. He retained 253,834 shares after the sale.
- StoneX reported quarterly EPS of $1.00, beating the $0.86 consensus; revenue was $39.71 billion. Analysts’ average rating is Hold, with an average price target of $112.
- Shares closed Friday at $54.31, up 1.3% on the day. Institutional investors own 75.93% of the company’s stock.
StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) Director John Fowler sold 1,575 shares of the firm's stock in a transaction dated Thursday, November 5th. The shares were sold at an average price of $56.87, for a total value of $89,570.25. Following the sale, the director owned 253,834 shares in the company, valued at approximately $14,435,539.58. The trade was a 0.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
StoneX Group Stock Up 1.3%
NASDAQ SNEX traded up $0.69 on Friday, reaching $54.31. The company had a trading volume of 579,360 shares, compared to its average volume of 1,084,743. 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 Inc. has a 1 year low of $36.45 and a 1 year high of $94.66. The firm has a 50-day moving average of $62.85 and a 200-day moving average of $71.29. The firm has a market capitalization of $6.55 billion, a PE ratio of 12.97 and a beta of 0.66.
StoneX Group (NASDAQ:SNEX - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.00 earnings per share (EPS) 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 company had revenue of $39.71 billion for the quarter, compared to analyst estimates of $1.32 billion. On average, equities research analysts anticipate that StoneX Group Inc. will post 4.35 EPS for the current fiscal year.
Analyst Ratings Changes
A number of equities analysts have commented on SNEX shares. Wall Street Zen lowered shares of StoneX Group from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Zacks Research downgraded StoneX Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 5th. Jefferies Financial Group downgraded StoneX Group from a "buy" rating to a "hold" rating and lowered their target price for the company from $123.00 to $112.00 in a research note on Monday, July 20th. Finally, Weiss Ratings cut StoneX Group from a "hold (c+)" rating to a "hold (c)" rating in a research note on Wednesday, October 14th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, StoneX Group currently has an average rating of "Hold" and an average price target of $112.00.
Get Our Latest Stock Analysis on SNEX
Institutional Investors Weigh In On StoneX Group
A number of institutional investors have recently made changes to their positions in SNEX. Ibex Wealth Advisors raised its position in shares of StoneX Group by 54.5% during the 3rd quarter. Ibex Wealth Advisors now owns 159,898 shares of the company's stock valued at $10,336,000 after acquiring an additional 56,425 shares in the last quarter. Diversified Trust Co boosted its holdings in StoneX Group by 40.2% in the third quarter. Diversified Trust Co now owns 10,375 shares of the company's stock worth $671,000 after purchasing an additional 2,975 shares during the period. Aberdeen Group plc increased its stake in StoneX Group by 419.1% during the third quarter. Aberdeen Group plc now owns 921,671 shares of the company's stock valued at $59,577,000 after purchasing an additional 744,103 shares during the last quarter. Russell Investments Group Ltd. increased its stake in StoneX Group by 48.6% during the third quarter. Russell Investments Group Ltd. now owns 469,449 shares of the company's stock valued at $30,345,000 after purchasing an additional 153,475 shares during the last quarter. Finally, Fifth Third Bancorp increased its stake in StoneX Group by 56.3% during the third quarter. Fifth Third Bancorp now owns 25,634 shares of the company's stock valued at $1,657,000 after purchasing an additional 9,232 shares during the last quarter. 75.93% of the stock is currently owned by institutional investors.
StoneX Group Company Profile
(
Get Free Report)
StoneX Group Inc is a global financial services company that provides execution, clearing, custody, market intelligence and risk-management services to commercial and institutional clients, broker-dealers, asset managers and individual investors. Through its network of regulated subsidiaries, the company offers access to a broad range of markets, including commodities, foreign exchange, equities, fixed income and derivatives.
StoneX's services include futures and options brokerage, physical commodities and commodity hedging, foreign exchange trading, securities execution and clearing, payments, and corporate treasury solutions.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
