StoneX Group (NASDAQ:SNEX) Sets New 1-Year High Following Better-Than-Expected Earnings

StoneX Group Inc. (NASDAQ:SNEX) shares hit a new 52-week high during trading on Wednesday following a better than expected earnings announcement. The stock traded as high as $111.42 and last traded at $111.42, with a volume of 194295 shares changing hands. The stock had previously closed at $108.37.

The company reported $2.54 earnings per share 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 16.66%.

Insider Buying and Selling

In other news, Director John Moore Fowler sold 1,800 shares of the business’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 transaction of $180,252.00. Following the completion of the transaction, the director now directly owns 81,375 shares of the company’s stock, valued at $8,148,892.50. The trade was a 2.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 11.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SNEX. Kestra Investment Management LLC bought a new stake in StoneX Group during the fourth quarter worth approximately $31,000. Huntington National Bank raised its holdings 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 buying an additional 553 shares during the period. KBC Group NV lifted its position in StoneX Group by 39.0% in the fourth quarter. KBC Group NV now owns 1,309 shares of the company’s stock worth $128,000 after buying an additional 367 shares during the last quarter. USA Financial Formulas purchased a new position in StoneX Group during the fourth quarter worth $129,000. Finally, Longboard Asset Management LP purchased a new stake in shares of StoneX Group in the fourth quarter valued at $202,000. Institutional investors own 75.93% of the company’s stock.

StoneX Group Stock Up 2.8 %

The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.30 and a current ratio of 1.81. The company’s fifty day moving average price is $102.62 and its 200-day moving average price is $91.33. The stock has a market cap of $3.57 billion, a P/E ratio of 14.00 and a beta of 0.78.

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.