Stonex group CEO sells shares worth $3.26 million

Philip Andrew Smith, the Chief Executive Officer of StoneX Group Inc. (NASDAQ:SNEX), a prominent player in the Capital Markets industry with a market capitalization of $3.77 billion, reported a significant transaction involving the company’s common stock. According to InvestingPro data, SNEX has demonstrated remarkable performance with a 75.83% return over the past year. On April 17, 2025, Smith sold 40,553 shares at an average price of $80.3027 per share, amounting to a total value of approximately $3.26 million. This transaction reduced his direct ownership to 342,711 shares following the sale.

In a separate transaction on the same day, Smith exercised stock options to acquire 40,553 shares at a price of $20 per share, totaling $811,060. This exercise increased his holdings to 472,500 shares before the subsequent sale. These transactions were part of a pre-arranged trading plan.

In other recent news, StoneX Group Inc. announced a definitive agreement to acquire R.J. O’Brien & Associates for approximately $900 million, including cash and stock, along with the assumption of RJO’s debt. This acquisition, expected to close in the second half of 2025 pending regulatory approval, will significantly expand StoneX’s global derivatives platform and client float. R.J. O’Brien’s financial contribution includes generating $766 million in revenue and $170 million in EBITDA in 2024. Additionally, StoneX and RJO have agreed to merge, which is projected to enhance StoneX’s role as a leading futures commission merchant. StoneX also introduced a new shell egg futures contract aimed at providing price risk management for the food industry. Furthermore, StoneX’s stock received an Outperform rating from William Blair, recognizing its potential for consistent growth. In another development, StoneX partnered with Bamboo Payment Systems to improve cross-border payment solutions in Latin America. This strategic partnership aims to enhance payment services by leveraging both companies’ strengths in foreign exchange and local banking connections.

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