StoneX Group Inc. (NASDAQ:SNEX) CEO Sells $626,040.00 in Stock

StoneX Group Inc. (NASDAQ:SNEX) CEO Philip Andrew Smith sold 9,000 shares of the business’s stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $69.56, for a total value of $626,040.00. Following the completion of the sale, the chief executive officer now owns 342,711 shares in the company, valued at approximately $23,838,977.16. This trade represents a 2.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

StoneX Group Stock Performance

Shares of SNEX stock opened at $73.98 on Friday. The firm has a market cap of $3.56 billion, a PE ratio of 8.84 and a beta of 0.65. StoneX Group Inc. has a 12 month low of $42.69 and a 12 month high of $85.49. The company’s fifty day simple moving average is $77.33 and its 200-day simple moving average is $68.95. The company has a quick ratio of 1.29, a current ratio of 1.77 and a debt-to-equity ratio of 1.33.

StoneX Group (NASDAQ:SNEX) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.43 by $0.26. StoneX Group had a net margin of 0.26% and a return on equity of 16.83%. Equities research analysts expect that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Jane Street Group LLC raised its stake in shares of StoneX Group by 72.2% during the 3rd quarter. Jane Street Group LLC now owns 23,621 shares of the company’s stock worth $1,934,000 after purchasing an additional 9,900 shares in the last quarter. FMR LLC increased its holdings in StoneX Group by 4.3% during the third quarter. FMR LLC now owns 149,368 shares of the company’s stock worth $12,230,000 after buying an additional 6,121 shares during the last quarter. Inspire Investing LLC bought a new stake in StoneX Group during the fourth quarter worth $856,000. Principal Financial Group Inc. lifted its stake in StoneX Group by 11.0% in the third quarter. Principal Financial Group Inc. now owns 149,442 shares of the company’s stock valued at $12,236,000 after acquiring an additional 14,784 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in StoneX Group by 2.7% in the third quarter. Geode Capital Management LLC now owns 671,257 shares of the company’s stock valued at $54,973,000 after acquiring an additional 17,769 shares during the last quarter. 75.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, William Blair initiated coverage on StoneX Group in a research note on Wednesday, March 26th. They issued an “outperform” rating on the stock.

StoneX Group Company Profile

StoneX Group Inc operates as a global financial services network that connects companies, organizations, traders, and investors to market ecosystem worldwide. The company operates through Commercial, Institutional, Retail, and Global Payments segments. The Commercial segment provides risk management and hedging, exchange-traded and OTC products execution and clearing, voice brokerage, market intelligence, physical trading, and commodity financing and logistics services.