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

StoneX Group Inc. (NASDAQ:SNEX) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $122.35 and last traded at $122.05, with a volume of 87051 shares trading hands. The stock had previously closed at $121.27.

StoneX Group Price Performance

The company has a current ratio of 1.77, a quick ratio of 1.29 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $3.98 billion, a PE ratio of 14.73 and a beta of 0.78. The company’s 50 day moving average price is $105.49 and its 200-day moving average price is $93.91.

Shares of StoneX Group are set 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 payable to shareholders after the closing bell on Friday, March 21st.

StoneX Group (NASDAQ:SNEX) last released its quarterly earnings data on Wednesday, February 5th. The company reported $2.54 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.39. StoneX Group had a net margin of 0.26% and a return on equity of 16.83%. On average, sell-side analysts forecast that StoneX Group Inc. will post 8.7 earnings per share for the current fiscal year.

Insider Buying and Selling at StoneX Group

In related news, Director John Moore Fowler sold 1,800 shares of the firm’s stock in a transaction that occurred 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 completion of 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 11.70% of the company’s stock.

Institutional Trading of StoneX Group

Hedge funds have recently bought and sold shares of the business. Ashford Capital Management Inc. boosted its holdings in StoneX Group by 4.7% during the 4th quarter. Ashford Capital Management Inc. now owns 293,350 shares of the company’s stock worth $28,740,000 after acquiring an additional 13,120 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of StoneX Group by 24.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 69,052 shares of the company’s stock worth $6,765,000 after buying an additional 13,614 shares during the last quarter. Voloridge Investment Management LLC lifted its holdings in StoneX Group by 39.7% during the fourth quarter. Voloridge Investment Management LLC now owns 126,349 shares of the company’s stock valued at $12,378,000 after purchasing an additional 35,922 shares during the last quarter. Squarepoint Ops LLC lifted its holdings in StoneX Group by 44.6% during the fourth quarter. Squarepoint Ops LLC now owns 7,429 shares of the company’s stock valued at $728,000 after purchasing an additional 2,291 shares during the last quarter. Finally, Tidal Investments LLC purchased a new stake in StoneX Group during the fourth quarter valued at about $16,557,000. Institutional investors and hedge funds 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.