StoneX Group (NASDAQ:SNEX) Reaches New 52-Week High – Here’s Why

StoneX Group Inc. (NASDAQ:SNEX)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $111.20 and last traded at $110.74, with a volume of 50926 shares trading hands. The stock had previously closed at $109.34.

StoneX Group Trading Down 0.7 %

The stock has a market cap of $3.51 billion, a PE ratio of 13.76 and a beta of 0.77. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.30 and a current ratio of 1.81. The stock has a fifty day moving average price of $102.45 and a 200 day moving average price of $90.76.

Insider Buying and Selling

In other StoneX Group news, CEO Sean Michael Oconnor sold 37,500 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $98.42, for a total value of $3,690,750.00. Following the completion of the sale, the chief executive officer now directly owns 506,994 shares in the company, valued at approximately $49,898,349.48. This represents a 6.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John Moore Fowler sold 1,800 shares of StoneX Group stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $100.14, for a total value of $180,252.00. Following the completion of the sale, the director now owns 81,375 shares of the company’s stock, valued at $8,148,892.50. The trade was a 2.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On StoneX Group

Several large investors have recently modified their holdings of the business. Jane Street Group LLC raised its stake in StoneX Group by 72.2% in the third quarter. Jane Street Group LLC now owns 23,621 shares of the company’s stock worth $1,934,000 after buying an additional 9,900 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of StoneX Group by 8,088.0% in the 3rd quarter. International Assets Investment Management LLC now owns 24,564 shares of the company’s stock valued at $2,011,000 after acquiring an additional 24,264 shares during the period. Foundry Partners LLC bought a new position in shares of StoneX Group in the 3rd quarter worth $5,348,000. Principal Financial Group Inc. lifted its stake in shares of StoneX Group by 11.0% during the 3rd quarter. Principal Financial Group Inc. now owns 149,442 shares of the company’s stock worth $12,236,000 after purchasing an additional 14,784 shares during the last quarter. Finally, Royce & Associates LP boosted its position in StoneX Group by 38.6% during the third quarter. Royce & Associates LP now owns 154,744 shares of the company’s stock valued at $12,670,000 after purchasing an additional 43,126 shares in the last quarter. Institutional investors own 75.93% of the company’s stock.

StoneX Group Company Profile

StoneX Group Inc operates as a global financial services network that connects companies, organizations, traders, and investors to market ecosystem worldwide. The company operates through Commercial, Institutional, Retail, and Global Payments segments. The Commercial segment provides risk management and hedging, exchange-traded and OTC products execution and clearing, voice brokerage, market intelligence, physical trading, and commodity financing and logistics services.