StoneX Group (NASDAQ:SNEX) Shares Gap Down – Here’s Why

StoneX Group Inc. (NASDAQ:SNEX) gapped down prior to trading on Friday . The stock had previously closed at $97.62, but opened at $95.19. StoneX Group shares last traded at $95.3380, with a volume of 8,113 shares traded.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SNEX. Zacks Research cut StoneX Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of StoneX Group in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

StoneX Group Trading Up 2.4%

The company has a current ratio of 1.72, a quick ratio of 1.35 and a debt-to-equity ratio of 1.56. The company has a market cap of $5.09 billion, a PE ratio of 16.52 and a beta of 0.46. The stock has a 50 day moving average price of $92.35 and a 200 day moving average price of $94.52.

StoneX Group (NASDAQ:SNEX) last posted its quarterly earnings data on Monday, November 24th. The company reported $1.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.58 by ($0.01). The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.04 billion. StoneX Group had a return on equity of 15.27% and a net margin of 0.23%.During the same quarter last year, the company posted $2.32 EPS. Sell-side analysts predict that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.

Insider Buying and Selling

In other StoneX Group news, Chairman John Radziwill acquired 1,000 shares of the business’s stock in a transaction on Tuesday, December 16th. The shares were acquired at an average price of $97.25 per share, for a total transaction of $97,250.00. Following the completion of the acquisition, the chairman owned 101,596 shares in the company, valued at $9,880,211. This trade represents a 0.99% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John Moore Fowler sold 1,125 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $91.20, for a total transaction of $102,600.00. Following the transaction, the director directly owned 114,769 shares of the company’s stock, valued at $10,466,932.80. This represents a 0.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 6,979 shares of company stock worth $659,070 in the last three months. 11.70% of the stock is owned by corporate insiders.

Institutional Trading of StoneX Group

A number of hedge funds have recently made changes to their positions in SNEX. Vanguard Group Inc. increased its position in StoneX Group by 34.3% during the 3rd quarter. Vanguard Group Inc. now owns 4,020,305 shares of the company’s stock valued at $405,729,000 after buying an additional 1,027,489 shares in the last quarter. Hennessy Advisors Inc. grew its stake in shares of StoneX Group by 383.8% in the third quarter. Hennessy Advisors Inc. now owns 542,800 shares of the company’s stock worth $54,779,000 after acquiring an additional 430,600 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of StoneX Group by 19.8% during the second quarter. American Century Companies Inc. now owns 2,352,849 shares of the company’s stock valued at $214,439,000 after acquiring an additional 389,132 shares in the last quarter. Goldentree Asset Management LP bought a new position in shares of StoneX Group during the second quarter valued at $32,482,000. Finally, JPMorgan Chase & Co. raised its position in shares of StoneX Group by 71.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 612,325 shares of the company’s stock worth $55,807,000 after purchasing an additional 256,081 shares during the last quarter. 75.93% of the stock is owned by institutional investors.

About StoneX Group

StoneX Group Inc (NASDAQ: SNEX) is a global financial services firm offering execution, risk management, advisory and post-trade solutions across commodities, currencies, securities and digital assets. The company serves commercial businesses, institutional clients and financial intermediaries, providing market access and tailored services designed to help clients manage price risk, optimize working capital and execute complex transactions.

StoneX operates through several core segments.