New Risk • Jul 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Significant insider selling over the past 3 months (€23m sold). Recent Insider Transactions • Jul 02
Group CEO & Director recently sold €1.5m worth of stock On the 30th of June, Philip Smith sold around 14k shares on-market at roughly €104 per share. This transaction amounted to 2.8% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €17m. Philip has been a net seller over the last 12 months, reducing personal holdings by €2.3m. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €107, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 10x in the Capital Markets industry in Germany. Total returns to shareholders of 335% over the past three years. Recent Insider Transactions • May 27
Chief Risk Officer recently sold €1.1m worth of stock On the 22nd of May, Mark Maurer sold around 11k shares on-market at roughly €96.77 per share. This transaction amounted to 7.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €4.8m more than they bought in the last 12 months. Announcement • Apr 30
StoneX Group Inc. to Report Q2, 2026 Results on May 06, 2026 StoneX Group Inc. announced that they will report Q2, 2026 results After-Market on May 06, 2026 Announcement • Mar 27
StoneX Group Inc. Launches Securitization Banking, Lending And Capital Markets Platform StoneX Group Inc. announced the launch of a new Securitization Banking, Lending & Capital Markets platform, expanding the firm’s capabilities across structured finance and capital formation. The new business will provide clients with tailored capital markets solutions, lending capabilities, and opportunities for platform and portfolio investments across a broad range of asset classes. The initiative builds upon StoneX’s established fixed income sales and trading business and reflects the firm’s strategy to deepen its participation across the institutional credit ecosystem. By combining market access, capital markets expertise, and structured financing capabilities, StoneX aims to help clients access new sources of liquidity and financing across both traditional and emerging asset sectors. The new team will support a wide spectrum of global structured finance activities. Its mandate includes banking advisory services, lending solutions, and investment opportunities in platforms and portfolios, with particular emphasis on non-traditional asset sectors where flexible capital and structuring expertise can play a critical role. StoneX has been developing the structured finance platform for more than a year as a natural extension of its fixed income business. The firm is actively hiring banking and analytics professionals to support the growth of the new platform as it scales globally. Announcement • Mar 16
StoneX Group Inc. (NasdaqGS:SNEX) proposed to acquire CAB Payments Holdings Limited (LSE:CABP) for £241 million. StoneX Group Inc. (NasdaqGS:SNEX) proposed to acquire CAB Payments Holdings Limited (LSE:CABP) for £241 million on March 15, 2026.
The transaction is subject to consummation of due diligence investigation. The unanimous and unconditional recommendation of our Proposal by the Board of CAB Payments to its shareholders and receipt of hard irrevocable undertakings from each CAB Payments director, the Helios Consortium and Eurocomm Holding Limited, committing to support our Proposal. The Board of Directors of CAB Payments Holdings Limited formed a special committee for the transaction.
David Wyles, Timm Schipporeit, Edyta Lipka and Adnan Choudhury of Perella Weinberg Partners LP acted as financial advisor for StoneX Group Inc. James Woolf, Aamir Khan, Anusuya Nayar and Michael Hart of Barclays Bank PLC acted as financial advisor for CAB Payments Holdings Limited. Kunal Gandhi, Tom Murphy and Tihomir Kerkenezov of Fenchurch Advisory Partners LLP acted as independent financial advisor for independent board of CAB Payments Holdings Limited. Allen Overy Shearman Sterling LLP acted as legal advisor for CAB Payments Holdings Limited. Chris Baird, Kamalini Hull and Luke Spells of Investec Bank plc acted as joint broker for CAB Payments Holdings PLC. Toby Gibbs, Malachy McEntyre, Oliver Jackson and Harry Davies-Ball of Shore Capital acted as joint broker for CAB Payments Holdings PLC. Edward Bridges and Katherine Bell of FTI Consulting LLP acted as PR adviser for CAB Payments Holdings PLC. Announcement • Mar 13
StoneX Group Inc. Announces Board changes At the Annual Meeting of the Shareholders of StoneX Group Inc. held on March 10, 2026 Charles Lyon and Philip Smith were elected as directors. During the regular meeting of the Board of Directors held March 10, 2026, following the Annual Meeting of the Shareholders of StoneX Group Inc., John Radziwill was elected as Chairman of the Board of Directors and Sean M. O'Connor was elected as Executive Vice-Chairman of the Board of Directors. Announcement • Feb 27
Stonex Digital Launches Digital Asset Lending Capability StoneX Group Inc. announced that StoneX Digital, a division of StoneX, has launched a digital asset lending capability, expanding the firm's existing brokerage and financing services for institutional clients. StoneX Digital connects institutional clients to digital asset markets through spot execution, listed products, such as exchange-traded funds and futures, and financing solutions within a single institutional framework. The introduction of this lending capability extends those services and aims to support clients seeking additional liquidity and capital efficiency while maintaining exposure to digital assets within broader trading and investment strategies. Institutional market participants increasingly require financing tools that align with both digital and traditional asset workflows. StoneX developed this capability to meet that demand and build on infrastructure that already supports digital asset execution alongside exchange-traded products and derivatives. The initial collateral for this program will be Bitcoin, however, StoneX plans to extend eligibility to additional large-cap digital assets over time as client demand develops. StoneX structures each transaction to support disciplined collateral management and defined risk parameters. Announcement • Jan 29
StoneX Group Inc. to Report Q1, 2026 Results on Feb 04, 2026 StoneX Group Inc. announced that they will report Q1, 2026 results After-Market on Feb 04, 2026 Announcement • Jan 27
StoneX Group Inc., Annual General Meeting, Mar 10, 2026 StoneX Group Inc., Annual General Meeting, Mar 10, 2026. Location: 329 north park avenue, suite 350, florida, winter park, United States Announcement • Nov 18
StoneX Group Inc. to Report Q4, 2025 Results on Nov 24, 2025 StoneX Group Inc. announced that they will report Q4, 2025 results After-Market on Nov 24, 2025 Announcement • Oct 19
StoneX Group Inc. (NasdaqGS:SNEX) completed the acquisition of Intercam Advisors, Inc. and Intercam Securities, Inc. from Intercam Holdings, Inc. StoneX Group Inc. (NasdaqGS:SNEX) entered into a letter of intent to acquire Intercam Advisors, Inc. and Intercam Securities, Inc. from Intercam Holdings, Inc. on June 30, 2025. The proposed acquisition remains subject to the negotiation and execution of definitive agreements, which will be subject to regulatory approvals and other closing conditions.
StoneX Group Inc. (NasdaqGS:SNEX) completed the acquisition of Intercam Advisors, Inc. and Intercam Securities, Inc. from Intercam Holdings, Inc. on October 17, 2025. Under the StoneX umbrella, the entities have been rebranded to StoneX International Securities Inc. and StoneX International Advisors, Inc. Announcement • Aug 06
StoneX Group Inc. (NasdaqGS:SNEX) completed the acquisition of The Benchmark Company, LLC. StoneX Group Inc. (NasdaqGS:SNEX) signed an agreement to acquire The Benchmark Company, LLC for $75 million on March 11, 2025. Following the transaction, Richard Messina, Founder and Chief Executive Officer of Benchmark, will continue in his role, leading the division within StoneX. Completion of the transaction is subject to regulatory approval and customary closing conditions. The Benchmark acquisition is expected to close in the third calendar quarter of 2025. Broadhaven Capital Partners, LLC acted as financial advisor to The Benchmark Company, LLC.
StoneX Group Inc. (NasdaqGS:SNEX) completed the acquisition of The Benchmark Company, LLC on August 5, 2025. Benchmark’s team and operations will become part of StoneX’s Institutional division, with the Benchmark brand maintained in the near term to ensure continuity for clients and counterparties. Announcement • May 01
StoneX Group Inc. to Report Q2, 2025 Results on May 07, 2025 StoneX Group Inc. announced that they will report Q2, 2025 results After-Market on May 07, 2025 Announcement • Apr 16
StoneX Group Inc. (NasdaqGS:SNEX) agreed to acquire RTS Investor Corp. from Westmoor Trail Partners LLC and others for $1 billion. StoneX Group Inc. (NasdaqGS:SNEX) agreed to acquire RTS Investor Corp. from Westmoor Trail Partners LLC and others for $1 billion on April 13, 2025. The consideration comprised of $625 million in cash and approximately 3.5 million shares of StoneX common stock, each subject to customary purchase price adjustments. StoneX will also assume up to $143 million of RJO debt. StoneX will fund the acquisition with 2nd Lien Senior Secured Notes. For the period ending December 31, 2024, RTS Investor Corp. reported total revenue of $766 million, net income of $101 million and EBITDA of $170 million.
The transaction is subject to approval by regulatory board / committee, approval of merger agreement by target board, approval of offer by acquirer shareholders, approval of offer by acquirer board, approval of offer by target shareholders, minimum balance sheet requirements and subject to antitrust regulations. The deal has been unanimously approved by the board. The expected completion of the transaction is Q3, 2025. The transaction is expected to immediately accretive to StoneX's EPS and ROAE.
Bank of America Corporation acted as financial advisor for StoneX Group Inc. Leonard Kreynin, Daniel P. Gibbons, Scott M. Herrig, Roxanne Walton, Corey M. Goodman, Kyoko Takahashi Lin, Frank Azzopardi and Jesse Solomon of Davis Polk & Wardwell LLP acted as legal advisor for StoneX Group Inc. Broadhaven Capital Partners, LLC acted as financial advisor for RTS Investor Corp. Mayer Brown LLP acted as legal advisor for RTS Investor Corp. Michael Best & Friedrich LLP acted as legal advisor to RTS Investor and Westmoor Trail. Announcement • Apr 01
StoneX Group Inc. Launches Shell Egg Contract to Address Price Volatility StoneX Group Inc. announced the launch of a new shell egg contract utilizing a global Price Reporting Agency (PRA) benchmark. The new contract provides egg producers, buyers, and food industry participants with a tool to help manage price risk and navigate ongoing market volatility. This first-of-its-kind offering combines StoneX's deep expertise in commodity risk management and global derivatives access with a trusted industry Shell Egg benchmark, which is IOSCO-assured and widely used across the agrifood sector. It expands StoneX's already robust suite of risk management tools, bringing enhanced pricing transparency and supply chain stability by allowing market participants to manage risk across the entire ingredient supply chain, including eggs. The launch of this shell egg contract underscores StoneX's origins in the egg industry - the Company was founded in 1924 by Saul Stone as an egg wholesaler - and its evolution into a global financial services leader. The addition of this new product not only deepens StoneX's offerings but also provides food industry clients with a vital risk management tool, reinforcing the firm's commitment to supporting their growth amid market volatility. Announcement • Mar 13
StoneX Group Inc. (NasdaqGS:SNEX) signed an agreement to acquire The Benchmark Company, LLC. StoneX Group Inc. (NasdaqGS:SNEX) signed an agreement to acquire The Benchmark Company, LLC on March 11, 2025. Following the transaction, Richard Messina, Founder and Chief Executive Officer of Benchmark, will continue in his role, leading the division within StoneX. Completion of the transaction is subject to regulatory approval and customary closing conditions. Broadhaven Capital Partners, LLC acted as financial advisor to The Benchmark Company, LLC. Announcement • Feb 04
StoneX Group Inc. (NasdaqGS:SNEX) completed the acquisition of Octo Finances SA. StoneX Group Inc. (NasdaqGS:SNEX) entered into an agreement to acquire Octo Finances SA on September 13, 2024. The completion of the transaction is subject to regulatory approval and customary closing conditions. LAMARTINE CONSEIL acted as legal advisor to selling founders of Octo Finances SA in the transaction.
StoneX Group Inc. (NasdaqGS:SNEX) completed the acquisition of Octo Finances SA on February 3, 2025. Announcement • Jan 30
StoneX Group Inc. to Report Q1, 2025 Results on Feb 05, 2025 StoneX Group Inc. announced that they will report Q1, 2025 results After-Market on Feb 05, 2025 Announcement • Jan 24
StoneX Group Inc., Annual General Meeting, Mar 05, 2025 StoneX Group Inc., Annual General Meeting, Mar 05, 2025. Location: wells fargo center, 333 s.e. 2nd avenue, florida, miami United States Board Change • Dec 30
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. Independent Director Dhamu Thamodaran was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Dec 11
StoneX Group Inc. Announces Chief Executive Officer Changes StoneX Group Inc. announced changes to its executive management team. At its recently concluded meeting of the company Board of Directors, several changes to its executive management team were approved. These changes include: Sean O’Connor, current Chief Executive Officer, will become Executive Vice-Chairman of the Board of Directors; Philip Smith, currently a member of executive committee responsible for the Commercial and Payments business segments, will become Group Chief Executive Officer. Mr. O’Connor will continue to be an active member of company's executive committee with primary focus on longer-term strategy, capital allocation and M&A activity, and his compensation package has been restructured to reflect a focus on share price appreciation and long-term value creation. Mr. Smith will have general responsibility for managing StoneX’s business and will report to Mr. O’Connor. Announcement • Dec 10
StoneX Group Inc. Announces Executive Changes StoneX Group Inc. announced changes to its executive management team. At its recently concluded meeting of the StoneX Board of Directors (the “Board”), several changes to StoneX’s executive management team were approved. These changes include: Sean O’Connor, StoneX’s current Chief Executive Officer, will become Executive Vice-Chairman of the Board of Directors; Philip Smith, currently a member of StoneX’s executive committee responsible for the Commercial and Payments business segments, will become Group Chief Executive Officer; and Charles Lyon, currently a member of StoneX’s executive committee responsible for the Institutional business segment, will become Group President. Mr. O’Connor will continue to be an active member of StoneX’s executive committee with primary focus on longer-term strategy, capital allocation and M&A activity, and his compensation package has been restructured to reflect a focus on share price appreciation and long-term value creation. Mr. Smith and Mr. Lyon will have general responsibility for managing StoneX’s business and will report to Mr. O’Connor. In addition to the above changes, Glenn Stevens, a member of the StoneX executive committee responsible for the Self-Directed/Retail business segment, will be retiring at the end of 2024. Mr. Stevens joined StoneX following the acquisition of Gain Capital Inc. in 2020. Announcement • Nov 14
StoneX Group Inc. to Report Q4, 2024 Results on Nov 19, 2024 StoneX Group Inc. announced that they will report Q4, 2024 results After-Market on Nov 19, 2024 Recent Insider Transactions • Nov 11
President recently sold €3.4m worth of stock On the 6th of November, Sean O'Connor sold around 38k shares on-market at roughly €91.71 per share. This transaction amounted to 2.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Sean's only on-market trade for the last 12 months. Announcement • Nov 07
StoneX Confirms No Intention to Make an Offer for CAB Payments Holdings StoneX Group Inc. (NasdaqGS:SNEX) noted the announcements by CAB Payments Holdings Limited (LSE:CABP) on 10th October 2024 and 30th October 2024. StoneX confirmed that it does not intend to make an offer for CAB Payments. This is a statement to which Rule 2.8 of the Code applies. Accordingly, StoneX and any person acting in concert with it will, except with the consent of the UK Panel on Takeovers and Mergers ("Panel"), be bound by the restrictions under Rule 2.8 of the Code, save in the circumstances set out below or otherwise with the consent of the Panel. Under Note 2 on Rule 2.8 of the Code, StoneX (and any person acting in concert with it) reserves the right to set aside the restrictions in Rule 2.8 of the Code within six months of the date of this announcement in any one or more of the following circumstances: (i) with the agreement of the Board of CAB Payments; (ii) a third party announces a firm intention to make an offer for CAB Payments; (iii) CAB Payments announces a Rule 9 waiver proposal (as described in Note 1 of the Notes on Dispensations from Rule 9 of the Code) or a reverse takeover (as defined in the Code); or (iv) there has been a material change of circumstances (as determined by the Panel). Buy Or Sell Opportunity • Nov 06
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 32% to €90.00. The fair value is estimated to be €74.66, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 17%. New Risk • Oct 15
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.1% per year for the foreseeable future. Minor Risks Profit margins are more than 30% lower than last year (0.3% net profit margin). Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Significant insider selling over the past 3 months (€322k sold). Announcement • Oct 11
StoneX Group Inc. (NasdaqGS:SNEX) proposed to acquire CAB Payments Holdings Limited (LSE:CABP) for approximately £300 million. StoneX Group Inc. (NasdaqGS:SNEX) proposed to acquire CAB Payments Holdings Limited (LSE:CABP) for approximately £300 million on July 30, 2024. A cash consideration of £295.73 million valued at £1.15 per share will be paid by StoneX Group Inc. As part of consideration, £3.46 million is paid towards Long Term Incentive Plan and £292.26 million is paid towards common equity of CAB Payments Holdings Limited. The Board of CAB Payments evaluated the Proposal with its financial and legal advisers and concluded that they were not in the best interests of the Company and its shareholders. On September 23, 2024, StoneX Group Inc. (NasdaqGS:SNEX) proposed a revised unsolicited non-binding proposal to acquire CAB Payments Holdings Limited (LSE:CABP) for approximately £370 million. A cash consideration of £368.51 million valued at £1.45 per share will be paid by StoneX Group Inc. The Board of CAB Payments is evaluating the Possible Offer, together with its financial and legal advisers. There can be no certainty that an offer will be made, nor as to the terms on which an offer might be made.
Aamir Khan, James Woolf, Michael Hart and Anusuya Nayar of Barclays Bank PLC acted as financial advisor to CAB Payments Holdings Limited. Allen Overy Shearman Sterling LLP acted as legal advisor to CAB Payments Holdings Limited. Matthew Smith, Timm Schipporeit, Edyta Lipka and Adnan Choudhury of Perella Weinberg UK Limited acted as financial advisor to StoneX Group Inc. Recent Insider Transactions • Aug 09
CEO of Europe recently sold €278k worth of stock On the 7th of August, Philip Smith sold around 4k shares on-market at roughly €69.42 per share. This transaction amounted to 1.8% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.4m. Insiders have been net sellers, collectively disposing of €7.7m more than they bought in the last 12 months. Reported Earnings • Aug 07
Third quarter 2024 earnings released: EPS: US$2.02 (vs US$2.23 in 3Q 2023) Third quarter 2024 results: EPS: US$2.02 (down from US$2.23 in 3Q 2023). Revenue: US$26.7b (up 81% from 3Q 2023). Net income: US$61.9m (down 7.7% from 3Q 2023). Profit margin: 0.2% (down from 0.5% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 21% per year. Announcement • Aug 01
StoneX Group Inc. to Report Q3, 2024 Results on Aug 06, 2024 StoneX Group Inc. announced that they will report Q3, 2024 results After-Market on Aug 06, 2024 Recent Insider Transactions • Jun 13
Chief Operating Officer recently sold €1.4m worth of stock On the 7th of June, Xuong Nguyen sold around 20k shares on-market at roughly €69.43 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Xuong has been a net seller over the last 12 months, reducing personal holdings by €1.4m. Recent Insider Transactions • May 19
CEO of Europe recently sold €553k worth of stock On the 15th of May, Philip Smith sold around 8k shares on-market at roughly €69.17 per share. This transaction amounted to 3.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €5.6m more than they bought in the last 12 months. Reported Earnings • May 09
Second quarter 2024 earnings released: EPS: US$1.74 (vs US$1.35 in 2Q 2023) Second quarter 2024 results: EPS: US$1.74 (up from US$1.35 in 2Q 2023). Revenue: US$21.8b (up 37% from 2Q 2023). Net income: US$53.1m (up 32% from 2Q 2023). Profit margin: 0.2% (down from 0.3% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 03
StoneX Group Inc. to Report Q2, 2024 Results on May 08, 2024 StoneX Group Inc. announced that they will report Q2, 2024 results After-Market on May 08, 2024 Recent Insider Transactions • Mar 26
CEO of Europe recently sold €450k worth of stock On the 21st of March, Philip Smith sold around 7k shares on-market at roughly €64.22 per share. This transaction amounted to 2.9% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €479k. Insiders have been net sellers, collectively disposing of €4.6m more than they bought in the last 12 months. Recent Insider Transactions • Mar 17
Insider recently sold €461k worth of stock On the 13th of March, Scott Branch sold around 8k shares on-market at roughly €61.49 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.1m. Insiders have been net sellers, collectively disposing of €4.2m more than they bought in the last 12 months. Recent Insider Transactions • Feb 11
Independent Non-Executive Director recently sold €445k worth of stock On the 7th of February, Scott Branch sold around 8k shares on-market at roughly €59.36 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.1m. Insiders have been net sellers, collectively disposing of €3.9m more than they bought in the last 12 months. Reported Earnings • Feb 07
First quarter 2024 earnings released: EPS: US$2.29 (vs US$2.50 in 1Q 2023) First quarter 2024 results: EPS: US$2.29 (down from US$2.50 in 1Q 2023). Revenue: US$19.3b (up 51% from 1Q 2023). Net income: US$69.1m (down 6.9% from 1Q 2023). Profit margin: 0.4% (down from 0.6% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 31
StoneX Group Inc. to Report Q1, 2024 Results on Feb 06, 2024 StoneX Group Inc. announced that they will report Q1, 2024 results After-Market on Feb 06, 2024 Announcement • Jan 19
StoneX Group Inc., Annual General Meeting, Feb 27, 2024 StoneX Group Inc., Annual General Meeting, Feb 27, 2024, at 10:00 US Eastern Standard Time. Location: at 329 Park Avenue North, Suite 350, Winter Park Florida United States Agenda: To consider the election of eight Directors; to consider the ratification of the appointment of KPMG LLP ("KPMG") as the Company's independent registered public accounting firm for the 2024 fiscal year; and to consider an advisory vote on executive compensation. Recent Insider Transactions • Jan 10
Independent Non-Executive Director recently sold €479k worth of stock On the 8th of January, Scott Branch sold around 8k shares on-market at roughly €63.86 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.1m. Insiders have been net sellers, collectively disposing of €3.4m more than they bought in the last 12 months. Recent Insider Transactions • Dec 17
Chief Risk Officer recently sold €311k worth of stock On the 13th of December, Mark Maurer sold around 5k shares on-market at roughly €62.29 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.0m more than they bought in the last 12 months. Reported Earnings • Nov 17
Full year 2023 earnings released: EPS: US$11.55 (vs US$10.27 in FY 2022) Full year 2023 results: EPS: US$11.55 (up from US$10.27 in FY 2022). Revenue: US$60.0b (down 8.9% from FY 2022). Net income: US$230.4m (up 15% from FY 2022). Profit margin: 0.4% (up from 0.3% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 17
Full year 2023 earnings released: EPS: US$11.55 (vs US$10.27 in FY 2022) Full year 2023 results: EPS: US$11.55 (up from US$10.27 in FY 2022). Revenue: US$60.0b (down 8.9% from FY 2022). Net income: US$230.4m (up 15% from FY 2022). Profit margin: 0.4% (up from 0.3% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 09
StoneX Group Inc. to Report Q4, 2023 Results on Nov 15, 2023 StoneX Group Inc. announced that they will report Q4, 2023 results After-Market on Nov 15, 2023 Recent Insider Transactions • Sep 19
President of StoneX Financial Inc. recently sold €872k worth of stock On the 15th of September, Charles Lyon sold around 10k shares on-market at roughly €87.24 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.9m more than they bought in the last 12 months. New Risk • Aug 09
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €300k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 9.0% per year for the foreseeable future. Minor Risks Shareholders have been diluted in the past year (3.0% increase in shares outstanding). Significant insider selling over the past 3 months (€300k sold). Reported Earnings • Aug 03
Third quarter 2023 earnings released: EPS: US$3.47 (vs US$2.42 in 3Q 2022) Third quarter 2023 results: EPS: US$3.47 (up from US$2.42 in 3Q 2022). Revenue: US$14.8b (down 22% from 3Q 2022). Net income: US$69.5m (up 46% from 3Q 2022). Profit margin: 0.5% (up from 0.3% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 28
StoneX Group Inc. to Report Q3, 2023 Results on Aug 02, 2023 StoneX Group Inc. announced that they will report Q3, 2023 results After-Market on Aug 02, 2023 Recent Insider Transactions • May 24
Chief Executive Officer of Europe recently sold €275k worth of stock On the 22nd of May, Philip Smith sold around 4k shares on-market at roughly €78.49 per share. This transaction amounted to 2.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.1m more than they bought in the last 12 months. Recent Insider Transactions • May 12
Head of Retail & Foreign Exchange recently bought €230k worth of stock On the 9th of May, Glenn Stevens bought around 3k shares on-market at roughly €76.83 per share. This transaction amounted to 6.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €1.8m more in shares than they bought in the last 12 months. Reported Earnings • May 06
Second quarter 2023 earnings released: EPS: US$2.09 (vs US$3.18 in 2Q 2022) Second quarter 2023 results: EPS: US$2.09 (down from US$3.18 in 2Q 2022). Revenue: US$16.0b (down 2.4% from 2Q 2022). Net income: US$41.7m (down 33% from 2Q 2022). Profit margin: 0.3% (down from 0.4% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Mar 10
Chief Accounting Officer recently sold €139k worth of stock On the 8th of March, Aaron Schroeder sold around 1k shares on-market at roughly €99.30 per share. This transaction amounted to 8.8% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €391k. Insiders have been net sellers, collectively disposing of €2.0m more than they bought in the last 12 months. Board Change • Mar 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. Independent Director Dhamu Thamodaran was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €96.50, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Capital Markets industry in Germany. Total returns to shareholders of 103% over the past three years. Reported Earnings • Feb 08
First quarter 2023 earnings released: EPS: US$3.87 (vs US$2.09 in 1Q 2022) First quarter 2023 results: EPS: US$3.87 (up from US$2.09 in 1Q 2022). Revenue: US$12.8b (down 10% from 1Q 2022). Net income: US$76.6m (up 89% from 1Q 2022). Profit margin: 0.6% (up from 0.3% in 1Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 20% per year. Announcement • Feb 02
StoneX Group Inc. to Report Q1, 2023 Results on Feb 07, 2023 StoneX Group Inc. announced that they will report Q1, 2023 results at 4:00 PM, US Eastern Standard Time on Feb 07, 2023 Announcement • Jan 21
StoneX Group Inc., Annual General Meeting, Mar 01, 2023 StoneX Group Inc., Annual General Meeting, Mar 01, 2023, at 10:00 US Eastern Standard Time. Location: at the Wells Fargo Center, 333 S.E. 22nd Avenue Miami Florida United States Agenda: To consider and vote on the election of nine Directors; to consider the ratification of the appointment of KPMG LLP as the Company's independent registered public accounting firm for the Company's 2023 fiscal year; to consider an advisory vote on executive compensation; and to transact such other business as may properly come before the meeting. Recent Insider Transactions • Jan 04
Chief Risk Officer recently sold €391k worth of stock On the 30th of December, Mark Maurer sold around 4k shares on-market at roughly €89.14 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €438k. Insiders have been net sellers, collectively disposing of €1.5m more than they bought in the last 12 months. Recent Insider Transactions • Dec 21
Chief Financial Officer recently sold €52k worth of stock On the 15th of December, William Dunaway sold around 600 shares on-market at roughly €86.45 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €438k. This was William's only on-market trade for the last 12 months. Recent Insider Transactions • Dec 09
Chief Risk Officer recently sold €438k worth of stock On the 6th of December, Mark Maurer sold around 5k shares on-market at roughly €92.97 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €926k more than they bought in the last 12 months. Reported Earnings • Nov 22
Full year 2022 earnings released: EPS: US$10.58 (vs US$5.90 in FY 2021) Full year 2022 results: EPS: US$10.58 (up from US$5.90 in FY 2021). Revenue: US$65.9b (up 55% from FY 2021). Net income: US$207.1m (up 84% from FY 2021). Profit margin: 0.3% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 17
StoneX Group Inc. to Report Q4, 2022 Results on Nov 21, 2022 StoneX Group Inc. announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Nov 21, 2022 Announcement • Nov 02
StoneX Group Inc. (NasdaqGS:SNEX) acquired Cdi-Societe Cotonniere De Distribution Sa. StoneX Group Inc. (NasdaqGS:SNEX) acquired Cdi-Societe Cotonniere De Distribution Sa on October 31, 2022. CDI employees will join StoneX. Laurent Peyre Chief Executive Officer of CDI will remain with StoneX.
StoneX Group Inc. (NasdaqGS:SNEX) completed the acquisition of Cdi-Societe Cotonniere De Distribution Sa on October 31, 2022. Announcement • Sep 01
Stonex Banco De Câmbio S.A Expands Digital Foreign Exchange Offering in Brazil StoneX Group Inc. announced that StoneX Banco de Câmbio S.A., a wholly-owned subsidiary of StoneX Group Inc. in Brazil, is expanding its foreign exchange (FX) offering by providing access to FX Online, a digital platform where clients can seamlessly execute transactions across the StoneX global payments network. This expansion opens an additional channel for Brazilian clients to process payments via StoneX and provides greater access to the foreign exchange market. FX Online provides clients with an easy-to-use tool to process payment requests using real-time market rates. By leveraging real-time data, FX Online significantly reduces the time and cost of execution as well as errors associated with the manual process of price discovery. Furthermore, FX Online automates the documentation and pricing operations, thereby ensuring a structured and seamless process. Additional features of FX Online include the ability to attach supporting documentation to requests and to submit a support request if assistance is required to track a payment. The premier features of FX Online provide a consistent, convenient and reliable service to clients. FX Online continues StoneX's rapid evolution as a cutting-edge financial services and technology firm providing clients with digital platforms to access global financial markets across asset classes. StoneX Group provides market access and expertise in trading across foreign exchange instruments with a 24/7 dealing desk and support team that provides clients with professional voice execution and electronic market access around the clock. The StoneX team of FX specialists, with more than 200 years of collective experience between them, handle the most complex FX dealing scenarios for their clients. The expansion of FX Online in Brazil furthers the capabilities of this team. Announcement • Aug 26
Stonex Group Appoints Tom Davitt as Head for Sale of Structured Products StoneX Group has announced the hire of Credit Suisse veteran, Tom Davitt as head for sale of structured products. In the position, Davitt is to focus on growing the business within Structured Credit and Structured Products. He has more than 30 years of experience. Reported Earnings • Aug 04
Third quarter 2022 earnings released: EPS: US$2.50 (vs US$1.72 in 3Q 2021) Third quarter 2022 results: EPS: US$2.50 (up from US$1.72 in 3Q 2021). Revenue: US$18.9b (up 86% from 3Q 2021). Net income: US$49.1m (up 48% from 3Q 2021). Profit margin: 0.3% (in line with 3Q 2021). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 28
StoneX Group Inc. to Report Q3, 2022 Results on Aug 03, 2022 StoneX Group Inc. announced that they will report Q3, 2022 results After-Market on Aug 03, 2022 Announcement • Jul 27
StoneX Group Inc. Hires Robert Hong to Lead the APAC Fixed Income Desk StoneX Group Inc. announced that it hired Robert Hong to lead the APAC fixed income desk. Robert brings extensive experience in the global credit markets, most recently having served as Managing Director for Cantor Fitzgerald overseeing their fixed income division in Singapore. Prior to joining Cantor Fitzgerald, Robert spent over twenty years with Deutsche Bank where he was responsible for Asia credit and emerging markets trading operations. Announcement • Jul 26
StoneX Group Inc. Launches Institutional Credit Offering in Asia StoneX Group Inc. announced that it has launched its institutional credit offering in Asia, expanding the global debt capabilities of its fixed income group into the Asia-Pacific (APAC) region. StoneX has established a fixed income sales and trading desk in Singapore, with expansion plans in Australia and ChinaHong Kong, building on its successful practice of leveraging local expertise across more than 40 offices worldwide to offer clients unparalleled access to its products and services. The Asia-based desk will provide APAC clients with robust trading and execution advisory services and cross-border facilitation across the entire credit spectrum. StoneX's global fixed income team has a breadth of product expertise ranging from emerging market, investment-grade, high yield down to distressed situations, and the new desk in Singapore will enable the firm to unlock the full potential of its global distribution network as well as serve clients on a 24-hour basis. Most importantly, through this new fixed income desk, StoneX will be able to maximize pockets of credit liquidity in these challenging times of volatile rates against an adverse macro backdrop. Recent Insider Transactions • Jun 12
Chief Operating Officer recently sold €302k worth of stock On the 8th of June, Xuong Nguyen sold around 4k shares on-market at roughly €74.92 per share. This was the largest sale by an insider in the last 3 months. This was Xuong's only on-market trade for the last 12 months. Reported Earnings • May 06
Second quarter 2022 earnings released: EPS: US$3.27 (vs US$2.80 in 2Q 2021) Second quarter 2022 results: EPS: US$3.27 (up from US$2.80 in 2Q 2021). Revenue: US$16.4b (up 46% from 2Q 2021). Net income: US$64.0m (up 19% from 2Q 2021). Profit margin: 0.4% (down from 0.5% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Mar 15
Head of Retail & Foreign Exchange recently bought €317k worth of stock On the 9th of March, Glenn Stevens bought around 5k shares on-market at roughly €63.31 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €250k more in shares than they bought in the last 12 months. Reported Earnings • Feb 08
First quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat First quarter 2022 results: EPS: US$2.15 (up from US$1.00 in 1Q 2021). Revenue: US$14.3b (up 55% from 1Q 2021). Net income: US$41.7m (up 120% from 1Q 2021). Profit margin: 0.3% (up from 0.2% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 39%. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Feb 02
StoneX Group Inc. to Report Q1, 2022 Results on Feb 07, 2022 StoneX Group Inc. announced that they will report Q1, 2022 results After-Market on Feb 07, 2022 Recent Insider Transactions • Dec 11
Director recently bought €279k worth of stock On the 9th of December, Dhamu Thamodaran bought around 5k shares on-market at roughly €55.87 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €231k more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improved over the past week After last week's 18% share price gain to €56.00, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 15x in the Capital Markets industry in Germany. Total returns to shareholders of 62% over the past three years. Recent Insider Transactions • Dec 08
Chief Governance & Legal Officer recently bought €67k worth of stock On the 2nd of December, Diego Rotsztain bought around 1k shares on-market at roughly €54.85 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €461k more in shares than they bought in the last 12 months. Reported Earnings • Nov 30
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$6.08 (down from US$8.80 in FY 2020). Revenue: US$42.4b (down 22% from FY 2020). Net income: US$116.3m (down 30% from FY 2020). Profit margin: 0.3% (in line with FY 2020). Revenue exceeded analyst estimates by 39%. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Oct 29
Insider recently sold €259k worth of stock On the 26th of October, Patricia Harrod sold around 4k shares on-market at roughly €61.31 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €528k more than they bought in the last 12 months. Board Change • Oct 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 6 highly experienced directors. Non-Executive Independent Director Annabelle Bexiga was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Aug 08
StoneX Group Inc. (NasdaqGS:SNEX) acquired an unknown majority stake in Chasing Returns Limited. StoneX Group Inc. (NasdaqGS:SNEX) acquired an unknown majority stake in Chasing Returns Limited on August 7, 2021.
StoneX Group Inc. (NasdaqGS:SNEX) completed the acquisition of an unknown majority stake in Chasing Returns Limited on August 7, 2021. Recent Insider Transactions • May 26
Insider recently sold €916k worth of stock On the 21st of May, Charles Lyon sold around 16k shares on-market at roughly €56.95 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €5.5m more than they bought in the last 12 months. Reported Earnings • May 14
Second quarter 2021 earnings released: EPS US$2.80 (vs US$2.04 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: US$11.2b (down 45% from 2Q 2020). Net income: US$53.6m (up 40% from 2Q 2020). Profit margin: 0.5% (up from 0.2% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Mar 17
Insider recently bought €266k worth of stock On the 15th of March, Glenn Stevens bought around 5k shares on-market at roughly €53.17 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €4.2m more in shares than they bought in the last 12 months. Announcement • Mar 03
StoneX Group Inc. (NasdaqGS:SNEX) acquired an unknown minority stake in Tigress Financial Partners LLC. StoneX Group Inc. (NasdaqGS:SNEX) acquired an unknown minority stake in Tigress Financial Partners LLC on March 2, 2021. The terms of the deal are not material to StoneX Group Inc. The closing of this transaction is subject to limited conditions including regulatory approval.
StoneX Group Inc. (NasdaqGS:SNEX) completed the acquisition of an unknown minority stake in Tigress Financial Partners LLC on March 2, 2021. Announcement • Feb 18
Stonex Technology Services Launches StoneX Messaging Hub XMH is an enterprise-grade technology solution that acts as a single gateway for standardizing and automating both inbound and outbound flows of the financial documentation required as part of the daily operations for financial institutions and blue-chip corporates. The StoneX Messaging Hub has been designed to streamline and automate financial messaging, with its underlying infrastructure completely designed from the ground up to significantly improve the client experience. The infrastructure allows XMH to be highly adaptable and integrate seamlessly into commonly used platforms and APIs, providing firms with the ability to insulate applications they use in their daily operations from expensive and time-consuming updates. The Company's Global Payments Division is the first to incorporate XMH. XMH is also able to support all file types for financial messaging including xls, csv, fixed format and PDF, and will convert them into standardized file types such as a Swift ISO20022 for payments or an MT940 for account statements.