StoneX Group (NASDAQ:SNEX) Hits New 1-Year High – Here’s Why

StoneX Group Inc. (NASDAQ:SNEX)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $121.97 and last traded at $118.64, with a volume of 375060 shares traded. The stock had previously closed at $120.64.

StoneX Group Stock Performance

The company has a quick ratio of 1.30, a current ratio of 1.77 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $3.81 billion, a PE ratio of 14.17 and a beta of 0.78. The company has a 50-day moving average price of $103.42 and a two-hundred day moving average price of $92.09.

Shares of StoneX Group are going to split on the morning of Monday, March 24th. The 3-2 split was announced on Wednesday, February 5th. The newly created shares will be payable to shareholders after the market closes on Friday, March 21st.

StoneX Group (NASDAQ:SNEX) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $2.54 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.39. StoneX Group had a return on equity of 16.83% and a net margin of 0.26%. Analysts predict that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director John Moore Fowler sold 1,800 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $100.14, for a total value of $180,252.00. Following the transaction, the director now owns 81,375 shares of the company’s stock, valued at approximately $8,148,892.50. This represents a 2.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 11.70% of the company’s stock.

Institutional Investors Weigh In On StoneX Group

Several large investors have recently added to or reduced their stakes in SNEX. State Street Corp raised its holdings in shares of StoneX Group by 2.8% in the 3rd quarter. State Street Corp now owns 1,147,861 shares of the company’s stock valued at $93,987,000 after acquiring an additional 31,681 shares in the last quarter. Geode Capital Management LLC raised its stake in StoneX Group by 2.7% in the third quarter. Geode Capital Management LLC now owns 671,257 shares of the company’s stock valued at $54,973,000 after purchasing an additional 17,769 shares in the last quarter. Rockefeller Capital Management L.P. raised its stake in StoneX Group by 6.5% in the third quarter. Rockefeller Capital Management L.P. now owns 623,182 shares of the company’s stock valued at $51,022,000 after purchasing an additional 37,808 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in StoneX Group by 1.2% during the third quarter. Assenagon Asset Management S.A. now owns 332,573 shares of the company’s stock valued at $27,231,000 after purchasing an additional 3,822 shares during the last quarter. Finally, Harbor Capital Advisors Inc. grew its stake in StoneX Group by 2.3% in the 4th quarter. Harbor Capital Advisors Inc. now owns 318,125 shares of the company’s stock worth $31,167,000 after buying an additional 7,037 shares in the last quarter. Institutional investors own 75.93% of the company’s stock.

About StoneX Group

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.