StoneX Group Inc. (NASDAQ:SNEX) director John Moore Fowler has sold a portion of his holdings in the company, according to recent filings. On June 3, 2024, Fowler sold 600 shares of StoneX Group's common stock at a price of $75.34 per share, totaling approximately $45,204.
The sale has adjusted Fowler's direct ownership in the company to 83,462 shares. Additionally, it was noted that there are 2,400 shares held indirectly by Fowler's spouse, ensuring the director still maintains a significant stake in the financial services firm.
StoneX Group, formerly known as INTL FCStone Inc., operates within the securities and commodities brokerage industry and is incorporated in Delaware. The company's headquarters are located on Park Avenue in New York City.
This transaction comes amidst the regular financial disclosures required of company directors and may be of interest to investors tracking insider activity. The stock sale by Fowler is a routine disclosure and reflects typical market operations.
Investors and followers of StoneX Group can continue to monitor such transactions through public filings, which provide insights into the actions of company insiders and their confidence in the firm's financial prospects.
InvestingPro Insights
As StoneX Group Inc. (NASDAQ:SNEX) experiences insider stock transactions, investors may look for deeper financial insights to gauge the company's performance and market position. According to InvestingPro data, StoneX Group currently has a market capitalization of $2.36 billion and trades at a P/E ratio of 9.66, which rises slightly to 10.23 when adjusted for the last twelve months as of Q2 2024.
Despite the insider sale, StoneX Group's revenue growth remains robust, with a 13.04% increase over the last twelve months as of Q2 2024, and an even more impressive quarterly revenue growth of 36.72% for Q2 2024. This could signal underlying business strength despite the director's recent stock sale. The company's gross profit margin, however, stands at a relatively low 2.17%, which aligns with one of the InvestingPro Tips highlighting StoneX's weak gross profit margins.
For investors seeking a more comprehensive analysis, InvestingPro offers additional insights, including two pertinent InvestingPro Tips for StoneX Group. Firstly, analysts anticipate a sales decline in the current year, which may be a factor for consideration in the context of the director's stock sale. Secondly, although StoneX does not pay a dividend to shareholders, it has been profitable over the last twelve months and has a history of strong returns over the last five and ten years. These factors suggest a nuanced financial landscape that potential StoneX investors should consider.
For those interested in a deeper dive into StoneX Group's financials and further InvestingPro Tips, visit https://www.investing.com/pro/SNEX. Additional tips can be accessed with a subscription, and readers can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. With a total of 9 additional InvestingPro Tips available, investors can gain a more comprehensive understanding of StoneX Group's financial health and market position.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.