StoneX Group CEO Philip Smith sells $3.7m in shares

StoneX Group CEO Philip Smith recently sold a substantial portion of his company's shares, leading to significant market attention. On September 28, 2026, Smith traded 56,250 shares of StoneX Group Inc.'s (NASDAQ:SNEX) common stock, valued at approximately $3.7 million. This sale was executed following the exercise of stock options for the same quantity of shares.

The transactions occurred amidst a notable increase in StoneX shares, which are currently trading at $65.25. This price represents a remarkable 54% rise year-to-date. However, InvestingPro's analysis indicates that the stock may be slightly overvalued relative to its intrinsic value. The company's P/E ratio is 15.52, and its market capitalization stands at $7.95 billion.

Smith's sale entailed purchasing 56,250 shares of StoneX Group common stock by utilizing stock options, which he acquired at an exercise price of $8.9 per share. The total transaction value for these shares was $500,625. Post-transactions, Smith directly owns 738,216 shares of StoneX Group common stock and also holds 860,625 derivative securities in the form of stock options.

While StoneX reported robust third-quarter fiscal 2026 earnings, the diluted earnings per share (EPS) fell short of market expectations. The EPS came in at $1.00, whereas analysts had forecasted $1.23. However, Year-over-year revenue growth remains strong, a positive indicator for investors following the company's performance.