StoneX Group (NASDAQ:SNEX) Shares Down 2.4% – Here’s Why

StoneX Group Inc. (NASDAQ:SNEX) shares dropped 2.4% on Monday . The company traded as low as $74.50 and last traded at $76.32. Approximately 80,904 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 231,872 shares. The stock had previously closed at $78.22.

StoneX Group Price Performance

The company’s fifty day moving average price is $76.51 and its two-hundred day moving average price is $67.11. The company has a quick ratio of 1.29, a current ratio of 1.77 and a debt-to-equity ratio of 1.33. The company has a market cap of $3.93 billion, a price-to-earnings ratio of 9.75 and a beta of 0.77.

StoneX Group (NASDAQ:SNEX) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.26. StoneX Group had a net margin of 0.26% and a return on equity of 16.83%. On average, equities research analysts forecast that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.

Insider Activity at StoneX Group

In related news, insider Glenn Henry Stevens sold 22,500 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $78.55, for a total transaction of $1,767,300.00. Following the transaction, the insider now directly owns 116,946 shares in the company, valued at approximately $9,185,718.48. The trade was a 16.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 11.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Tidal Investments LLC acquired a new stake in StoneX Group in the 4th quarter valued at about $16,557,000. JPMorgan Chase & Co. raised its stake in StoneX Group by 104.3% in the fourth quarter. JPMorgan Chase & Co. now owns 329,287 shares of the company’s stock valued at $32,260,000 after buying an additional 168,098 shares during the period. American Century Companies Inc. lifted its position in shares of StoneX Group by 17.7% in the fourth quarter. American Century Companies Inc. now owns 1,014,231 shares of the company’s stock valued at $99,364,000 after buying an additional 152,847 shares during the last quarter. Norges Bank bought a new position in shares of StoneX Group during the 4th quarter worth approximately $10,551,000. Finally, Raymond James Financial Inc. acquired a new position in shares of StoneX Group during the 4th quarter worth approximately $10,276,000. Institutional investors own 75.93% of the company’s stock.

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.