StoneX Group Stock Set to Split on Monday, March 24th (NASDAQ:SNEX)

StoneX Group Inc. (NASDAQ:SNEX)’s stock is going to split on Monday, March 24th. The 3-2 split was announced on Wednesday, February 5th. The newly issued shares will be issued to shareholders after the closing bell on Friday, March 21st.

StoneX Group Trading Up 5.6 %

SNEX opened at $119.83 on Thursday. The stock’s fifty day moving average is $113.30 and its two-hundred day moving average is $99.42. The company has a market capitalization of $3.84 billion, a P/E ratio of 14.32 and a beta of 0.77. StoneX Group has a 52 week low of $64.03 and a 52 week high of $128.23. The company has a quick ratio of 1.29, a current ratio of 1.77 and a debt-to-equity ratio of 1.33.

StoneX Group (NASDAQ:SNEX) last released its quarterly earnings data 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 return on equity of 16.83% and a net margin of 0.26%. Analysts forecast that StoneX Group will post 8.7 earnings per share for the current year.

Insider Activity

In related news, insider Glenn Henry Stevens sold 15,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $117.82, for a total transaction of $1,767,300.00. Following the transaction, the insider now directly owns 77,964 shares in the company, valued at $9,185,718.48. The trade was a 16.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 11.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SNEX. Atria Investments Inc grew its stake in StoneX Group by 20.2% during the 3rd quarter. Atria Investments Inc now owns 8,112 shares of the company’s stock worth $664,000 after buying an additional 1,362 shares during the last quarter. GSA Capital Partners LLP purchased a new position in StoneX Group during the 3rd quarter worth $248,000. Victory Capital Management Inc. grew its stake in StoneX Group by 2.7% during the 3rd quarter. Victory Capital Management Inc. now owns 12,834 shares of the company’s stock worth $1,051,000 after buying an additional 342 shares during the last quarter. Natixis Advisors LLC grew its stake in StoneX Group by 6.1% during the 3rd quarter. Natixis Advisors LLC now owns 14,224 shares of the company’s stock valued at $1,165,000 after purchasing an additional 816 shares during the last quarter. Finally, Quest Partners LLC grew its stake in StoneX Group by 1,187.7% during the 3rd quarter. Quest Partners LLC now owns 7,134 shares of the company’s stock valued at $584,000 after purchasing an additional 6,580 shares during the last quarter. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

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.