Jefferies Financial Group has issued an earnings forecast for StoneX Group Inc. (NASDAQ:SNEX) for fiscal year 2023.

SNEX (NASDAQ: SNEX) is the trading symbol for StoneX Group. The equity research analysts working for Jefferies Financial Group raised their forecasts for StoneX Group’s earnings per share during the fiscal year 2023 in a report published on Tuesday, January 10. D. Fannon, an analyst for Jefferies Financial Group, has increased his previous estimate of the company’s profits per share, bringing it up from $8.71 to $9.07 in the process. It is currently anticipated that StoneX Group will earn $8.71 per share throughout its fiscal year. In addition, Jefferies Financial Group projected that StoneX Group would earn $2.48 per share during the fourth quarter of 2023 and $9.20 per share during the fiscal year 2024.

On Thursday, the NASDAQ SNEX opened for $92.29 per share.

The current price of one year’s high for StoneX Group is $103.00, while the current price of one year’s low for StoneX Group is $60.76. The debt-to-equity ratio stands at 1.43 to 1, the current ratio stands at 1.39 to 1, and the quick ratio stands at 1.06 to 1. The moving average of the company’s stock price over the past 50 days is $96.02, and the moving average over the last 200 days is $90.01. The company’s market capitalization is $1.88 billion, and it has a price-to-earnings ratio of 9.22. Additionally, its beta value is 0.99.
The financial results report for StoneX Group, which is publicly traded on the NASDAQ under the symbol SNEX, was made available to the public on November 21. The company announced quarterly earnings per share of $2.49, which is $0.56 higher than the consensus estimate of $1.93 compiled by analysts. In other words, the company outperformed expectations by $0.56. The sales for the company during the quarter came in at $583.40 million, a significant increase from the $518.10 million that analysts anticipated would bring in. StoneX Group had a return on equity of 20.89%, while the company’s net margin came in at 0.31%.
As a result of the recent occurrences, several institutional investors have recently adjusted their holdings in SNEX. During the first three months of the year, Envestnet Asset Management Inc. made a brand-new investment of $297,000. This investment was made in StoneX Group. During the first three months of this year, Raymond James Financial Services Advisors, Inc. initiated a fresh investment in StoneX Group for $208,000. StoneX Group was the intended recipient of the proceeds from this transaction. The Bank of New York Mellon Corporation completed the purchase of an additional 5.0 percent stake in the StoneX Group during the first three months of 2018. The Bank of New York Mellon Corp. now has 172,394 shares of the company’s stock, following the acquisition of an additional 8,153 shares during the preceding quarter. The current market value of the company’s stock is $12,797,000. The percentage of StoneX Group stock that Citigroup Inc. owned increased by 14.9% during the first three months of 2018 when the increase took place. After purchasing an additional 1,929 shares during the most recent quarter of the fiscal year, Citigroup Inc. now has a total of 14,836 shares in the company. Based on the current market price, these shares are worth $1,102,000.
Last but not least, during the first three months of this year, the Bank of Montreal added 5.5% to the amount of stones Group stock it owned. Bank of Montreal now holds 5,213 shares of the company’s stock, valued at $394,000, after making an additional purchase of 272 shares during the preceding quarter. Institutional investors hold 75.53% of the total number of shares in the company, making up the majority of the stock’s owners.

According to earlier reports concerning the StoneX Group, Chief Executive Officer Sean Michael Oconnor sold 18,600 shares on Tuesday, November 22. This transaction was reported in earlier news regarding the StoneX Group. On average, $101.34 was paid for each share during the transaction, which resulted in a total sum of $1,884,924.00 being acquired, and this price was paid for the transaction. The completion of the transaction has resulted in the chief executive officer gaining direct ownership of 331,659 shares of the company. The current value of these shares is $33,610,323.06. Because of the filing with the SEC, information regarding the transaction is now available to the general public. On the website of the SEC, you can locate this particular file. According to earlier reports concerning the StoneX Group, Chief Executive Officer Sean Michael Oconnor sold 18,600 shares on Tuesday, November 22. This transaction was reported in earlier news regarding the StoneX Group. On average, $101.34 was paid for each share during the transaction, which resulted in a total sum of $1,884,924.00 being acquired, and this price was paid for the transaction. After the deal’s completion, the Chief Executive Officer now owns 331,659 shares of the company, which have an approximate value of $33,610,323.06. The Securities and Exchange Commission was given legal documentation about the transaction, which can be viewed entirely by following the link provided in the previous sentence. The documentation was provided to the SEC. In addition, 2,823 shares of the company’s stock were sold on December 21 by William J. Dunaway, who serves as the Chief Financial Officer of the company. The price that was asked for each share was $97.95, which resulted in a total of $276,512.85 being received from the transaction involving the sale of shares. After the completion of the sale, the chief financial officer will have a total of 68,947 shares in the company. These shares are estimated to be worth approximately $6,753,358.65. Disclosures that are related to the sale might be found in this section of the website. Insiders of the company have sold 27,034 shares over the past ninety days, bringing in a total of $2,707,765 from the transaction. There is a collective holding of 98% of the company’s stock by the company’s insiders.

StoneX Group Inc. is a global network of financial services that connect businesses, organizations, traders, and investors to the ecosystem of international markets. The company is divided into different business divisions: Global Payments, Institutional Business, Commercial Operations, and Retail Operations. Examples of commercial services include voice brokerage, market information, physical trading, commodity finance and logistics, clearing, exchange-traded, and over-the-counter product execution and clearing.

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