StoneX Group (NASDAQ:SNEX) Hits New 1-Year High – What’s Next?

StoneX Group Inc. (NASDAQ:SNEX)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $102.87 and last traded at $100.58, with a volume of 52338 shares changing hands. The stock had previously closed at $96.71.

StoneX Group Price Performance

The company’s 50 day simple moving average is $88.41 and its two-hundred day simple moving average is $80.91. The stock has a market capitalization of $3.26 billion, a P/E ratio of 12.87 and a beta of 0.75. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.64 and a quick ratio of 1.20.

Insider Activity at StoneX Group

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 transaction of $3,690,750.00. Following the transaction, the chief executive officer now owns 506,994 shares of the company’s stock, valued at approximately $49,898,349.48. This represents a 6.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.24% of the stock is currently owned by company insiders.

Institutional Trading of StoneX Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SNEX. Russell Investments Group Ltd. increased its stake in StoneX Group by 21.4% in the first quarter. Russell Investments Group Ltd. now owns 27,183 shares of the company’s stock valued at $1,910,000 after purchasing an additional 4,785 shares in the last quarter. ProShare Advisors LLC grew its stake in shares of StoneX Group by 8.6% during the 1st quarter. ProShare Advisors LLC now owns 5,467 shares of the company’s stock worth $384,000 after acquiring an additional 434 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its stake in StoneX Group by 10.4% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 10,184 shares of the company’s stock valued at $705,000 after purchasing an additional 961 shares in the last quarter. Vanguard Group Inc. increased its position in shares of StoneX Group by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 1,909,965 shares of the company’s stock worth $134,194,000 after purchasing an additional 34,112 shares during the last quarter. Finally, UniSuper Management Pty Ltd bought a new stake in shares of StoneX Group during the 1st quarter worth approximately $320,000. 75.93% of the stock is currently owned by institutional investors and hedge funds.

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.