Insider Selling: StoneX Group Inc. (NASDAQ:SNEX) Insider Sells $1,767,300.00 in Stock

StoneX Group Inc. (NASDAQ:SNEX) insider Glenn Henry Stevens sold 15,000 shares of StoneX Group stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $117.82, for a total value of $1,767,300.00. Following the transaction, the insider now owns 77,964 shares of the company’s stock, valued at $9,185,718.48. This represents a 16.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

StoneX Group Stock Performance

Shares of NASDAQ SNEX opened at $123.82 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.29 and a debt-to-equity ratio of 1.33. StoneX Group Inc. has a 12 month low of $64.03 and a 12 month high of $128.23. The stock has a 50 day moving average of $106.94 and a 200-day moving average of $94.84. The company has a market capitalization of $3.97 billion, a P/E ratio of 14.79 and a beta of 0.78.

StoneX Group shares are going to split before the market opens on Monday, March 24th. The 3-2 split was announced on Wednesday, February 5th. The newly created shares will be issued to shareholders after the closing bell on Friday, March 21st.

StoneX Group (NASDAQ:SNEX) last released its quarterly earnings results on Wednesday, February 5th. The company reported $2.54 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.39. StoneX Group had a return on equity of 16.83% and a net margin of 0.26%. As a group, equities research analysts predict that StoneX Group Inc. will post 8.7 EPS for the current year.

Institutional Trading of StoneX Group

Hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC lifted its holdings in 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 during the last quarter. International Assets Investment Management LLC lifted its holdings in StoneX Group by 8,088.0% during the 3rd quarter. International Assets Investment Management LLC now owns 24,564 shares of the company’s stock worth $2,011,000 after purchasing an additional 24,264 shares during the last quarter. Foundry Partners LLC acquired a new position in StoneX Group in the 3rd quarter valued at $5,348,000. Principal Financial Group Inc. raised its holdings in StoneX Group by 11.0% in the 3rd 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 in the last quarter. Finally, Royce & Associates LP raised its holdings in StoneX Group by 38.6% in the 3rd quarter. Royce & Associates LP now owns 154,744 shares of the company’s stock valued at $12,670,000 after acquiring an additional 43,126 shares in the last quarter. 75.93% of the stock is owned by institutional investors and hedge funds.

About StoneX Group

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.