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

Shares of StoneX Group Inc. (NASDAQ:SNEX) hit a new 52-week high on Tuesday . The stock traded as high as $121.97 and last traded at $118.64, with a volume of 375060 shares. The stock had previously closed at $120.64.

StoneX Group Price Performance

The company has a market capitalization of $3.78 billion, a PE ratio of 14.08 and a beta of 0.78. The stock has a 50 day moving average price of $104.02 and a two-hundred day moving average price of $92.61. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.30 and a current ratio of 1.77.

Shares of StoneX Group are scheduled to split before the market opens on Monday, March 24th. The 3-2 split was announced on Wednesday, February 5th. The newly minted shares will be distributed 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 EPS for the quarter, topping the consensus estimate of $2.15 by $0.39. StoneX Group had a net margin of 0.26% and a return on equity of 16.83%. Equities analysts forecast that StoneX Group Inc. will post 8.7 earnings per share for the current year.

Insiders Place Their Bets

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 in the company, valued at $8,148,892.50. This trade represents a 2.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 11.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Kestra Investment Management LLC bought a new stake in StoneX Group during the fourth quarter valued at about $31,000. Huntington National Bank boosted its stake in StoneX Group by 1,906.9% during the 3rd quarter. Huntington National Bank now owns 582 shares of the company’s stock valued at $48,000 after purchasing an additional 553 shares during the period. Smartleaf Asset Management LLC boosted its stake in StoneX Group by 250.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 656 shares of the company’s stock valued at $64,000 after purchasing an additional 469 shares during the period. Steward Partners Investment Advisory LLC bought a new position in StoneX Group in the 4th quarter worth approximately $75,000. Finally, KBC Group NV boosted its position in shares of StoneX Group by 39.0% in the fourth quarter. KBC Group NV now owns 1,309 shares of the company’s stock valued at $128,000 after acquiring an additional 367 shares during the period. 75.93% of the stock is currently owned by institutional investors and hedge funds.

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.