StoneX Group (NASDAQ:SNEX) Trading Up 5.6% Following Earnings Beat

StoneX Group Inc. (NASDAQ:SNEX) rose 5.6% on Thursday following a stronger than expected earnings report. The stock traded as high as $120.65 and last traded at $117.65. Approximately 26,790 shares were traded during trading, a decline of 83% from the average daily volume of 162,158 shares. The stock had previously closed at $111.42.

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 at StoneX Group

In related news, Director John Moore Fowler sold 1,800 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 81,375 shares in the company, valued at approximately $8,148,892.50. This trade represents 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 accessible through this link. 11.70% of the stock is owned by insiders.

Institutional Trading of StoneX Group

Hedge funds have recently made changes to their positions in the company. Harbor Capital Advisors Inc. grew its position in StoneX Group by 148.2% in the third quarter. Harbor Capital Advisors Inc. now owns 311,088 shares of the company’s stock worth $25,472,000 after acquiring an additional 185,769 shares during the period. Foundry Partners LLC acquired a new position in shares of StoneX Group in the 3rd quarter valued at $5,348,000. Royce & Associates LP grew its holdings in shares of StoneX Group by 38.6% during the 3rd quarter. Royce & Associates LP now owns 154,744 shares of the company’s stock worth $12,670,000 after purchasing an additional 43,126 shares during the period. Rockefeller Capital Management L.P. raised its holdings in StoneX Group by 6.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 623,182 shares of the company’s stock valued at $51,022,000 after buying an additional 37,808 shares during the period. Finally, Barclays PLC raised its holdings in StoneX Group by 359.4% in the 3rd quarter. Barclays PLC now owns 46,755 shares of the company’s stock valued at $3,828,000 after buying an additional 36,577 shares during the period. Hedge funds and other institutional investors own 75.93% of the company’s stock.

StoneX Group Price Performance

The company has a quick ratio of 1.30, a current ratio of 1.81 and a debt-to-equity ratio of 1.26. The company has a market cap of $3.75 billion, a price-to-earnings ratio of 14.68 and a beta of 0.78. The stock’s 50-day simple moving average is $102.76 and its 200 day simple moving average is $91.47.

Shares of StoneX Group are going to split before the market opens on Monday, March 24th. The 3-2 split was announced on Wednesday, February 5th. The newly created shares will be payable to shareholders after the market closes on Friday, March 21st.

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.