Abigail Perkins Sells 8,000 Shares of StoneX Group (NASDAQ:SNEX) Stock

StoneX Group Inc. (NASDAQ:SNEX) insider Abigail Perkins sold 8,000 shares of the business’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $126.72, for a total transaction of $1,013,760.00. Following the sale, the insider owned 48,259 shares of the company’s stock, valued at approximately $6,115,380.48. This represents a 14.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

StoneX Group Stock Performance

SNEX stock opened at $124.87 on Friday. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.80 and a quick ratio of 1.34. StoneX Group Inc. has a 1 year low of $65.00 and a 1 year high of $130.35. The company has a market cap of $6.55 billion, a P/E ratio of 18.64 and a beta of 0.45. The stock’s fifty day moving average price is $107.89 and its 200-day moving average price is $99.32.

StoneX Group shares are set to split on the morning of Monday, March 23rd. The 3-2 split was announced on Thursday, February 5th. The newly issued shares will be distributed to shareholders after the market closes on Tuesday, March 10th.

StoneX Group (NASDAQ:SNEX) last announced its earnings results on Wednesday, February 4th. The company reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.06 by $0.44. StoneX Group had a return on equity of 16.43% and a net margin of 0.25%.The company had revenue of $724.00 million for the quarter, compared to analysts’ expectations of $1.24 billion. On average, equities analysts forecast that StoneX Group Inc. will post 8.7 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Wall Street Zen upgraded shares of StoneX Group from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Jefferies Financial Group upped their target price on shares of StoneX Group from $99.00 to $122.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. Weiss Ratings reissued a “hold (c+)” rating on shares of StoneX Group in a report on Monday, December 29th. Finally, Zacks Research upgraded StoneX Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, StoneX Group presently has a consensus rating of “Buy” and an average target price of $122.00.

Institutional Trading of StoneX Group

Several hedge funds have recently bought and sold shares of the stock. Private Trust Co. NA increased its holdings in shares of StoneX Group by 2,109.1% in the third quarter. Private Trust Co. NA now owns 243 shares of the company’s stock worth $25,000 after purchasing an additional 232 shares during the last quarter. Cornerstone Planning Group LLC grew its holdings in StoneX Group by 4,133.3% during the 3rd quarter. Cornerstone Planning Group LLC now owns 254 shares of the company’s stock valued at $26,000 after buying an additional 248 shares in the last quarter. Cullen Frost Bankers Inc. grew its holdings in StoneX Group by 1,100.0% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 264 shares of the company’s stock valued at $27,000 after buying an additional 242 shares in the last quarter. AlphaQuest LLC increased its stake in StoneX Group by 28,000.0% in the 3rd quarter. AlphaQuest LLC now owns 281 shares of the company’s stock worth $28,000 after acquiring an additional 280 shares during the last quarter. Finally, Salomon & Ludwin LLC purchased a new stake in shares of StoneX Group during the 3rd quarter worth approximately $37,000. Hedge funds and other institutional investors own 75.93% of the company’s stock.

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.