StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) CEO Philip Andrew Smith sold 40,553 shares of the business's stock in a transaction that occurred on Thursday, April 17th. The shares were sold at an average price of $80.30, for a total transaction of $3,256,405.90. Following the transaction, the chief executive officer now owns 342,711 shares of the company's stock, valued at approximately $27,519,693.30. This represents a 10.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Philip Andrew Smith also recently made the following trade(s):
- On Tuesday, April 15th, Philip Andrew Smith sold 4,447 shares of StoneX Group stock. The shares were sold at an average price of $80.07, for a total transaction of $356,071.29.
- On Friday, April 4th, Philip Andrew Smith sold 9,000 shares of StoneX Group stock. The stock was sold at an average price of $69.56, for a total value of $626,040.00.
StoneX Group Stock Down 2.4 %
StoneX Group stock opened at $78.34 on Tuesday. StoneX Group Inc. has a twelve month low of $44.40 and a twelve month high of $85.49. The company has a quick ratio of 1.29, a current ratio of 1.77 and a debt-to-equity ratio of 1.33. The company has a 50 day moving average of $77.47 and a 200-day moving average of $70.24. The stock has a market capitalization of $3.77 billion, a PE ratio of 9.36 and a beta of 0.65.
StoneX Group (NASDAQ:SNEX - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $1.69 EPS for the quarter, beating analysts' consensus estimates of $1.43 by $0.26. StoneX Group had a return on equity of 16.83% and a net margin of 0.26%. On average, equities research analysts anticipate that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the business. Kestra Investment Management LLC acquired a new position in shares of StoneX Group during the 4th quarter worth about $31,000. Smartleaf Asset Management LLC grew its stake in StoneX Group by 250.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 656 shares of the company's stock valued at $64,000 after purchasing an additional 469 shares in the last quarter. GAMMA Investing LLC increased its position in shares of StoneX Group by 92.7% during the 1st quarter. GAMMA Investing LLC now owns 742 shares of the company's stock worth $57,000 after purchasing an additional 357 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of StoneX Group during the 4th quarter worth approximately $75,000. Finally, KBC Group NV boosted its holdings in shares of StoneX Group by 39.0% in the 4th quarter. KBC Group NV now owns 1,309 shares of the company's stock valued at $128,000 after buying an additional 367 shares during the last quarter. Institutional investors own 75.93% of the company's stock.
Analysts Set New Price Targets
Separately, William Blair initiated coverage on StoneX Group in a research report on Wednesday, March 26th. They set an "outperform" rating on the stock.
Get Our Latest Report on SNEX
StoneX Group Company Profile
(
Get Free Report)
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.
Recommended Stories
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. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
