StoneX Group (NASDAQ:SNEX) Hits New 12-Month High – Should You Buy?

StoneX Group Inc. (NASDAQ:SNEX) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $106.98 and last traded at $107.43, with a volume of 10435 shares trading hands. The stock had previously closed at $105.01.

StoneX Group Trading Down 0.2 %

The company has a current ratio of 1.81, a quick ratio of 1.30 and a debt-to-equity ratio of 1.26. The business has a 50 day simple moving average of $101.08 and a two-hundred day simple moving average of $89.29. The stock has a market cap of $3.47 billion, a price-to-earnings ratio of 13.64 and a beta of 0.77.

Insider Transactions at StoneX Group

In other StoneX Group news, Director John Moore Fowler sold 1,800 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $100.14, for a total transaction of $180,252.00. Following the transaction, the director now owns 81,375 shares of the company’s stock, valued at $8,148,892.50. This trade represents a 2.16 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Sean Michael Oconnor sold 37,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were 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 owns 506,994 shares of the company’s stock, valued at $49,898,349.48. This trade represents a 6.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 16.24% of the company’s stock.

Institutional Trading of StoneX Group

Institutional investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. boosted its holdings in shares of StoneX Group by 6.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 99,144 shares of the company’s stock valued at $7,466,000 after buying an additional 6,273 shares during the period. Intech Investment Management LLC acquired a new position in StoneX Group in the second quarter valued at approximately $443,000. Sei Investments Co. bought a new position in shares of StoneX Group during the second quarter valued at approximately $2,381,000. Public Sector Pension Investment Board raised its position in shares of StoneX Group by 7.7% during the 2nd quarter. Public Sector Pension Investment Board now owns 59,963 shares of the company’s stock worth $4,516,000 after purchasing an additional 4,291 shares during the period. Finally, Magnetar Financial LLC bought a new stake in shares of StoneX Group in the 2nd quarter worth approximately $474,000. 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.