StoneX Group (NASDAQ:SNEX) Hits New 1-Year High – Should You Buy?

StoneX Group Inc. (NASDAQ:SNEX)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $130.86 and last traded at $129.9950, with a volume of 159279 shares changing hands. The stock had previously closed at $128.10.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SNEX. Jefferies Financial Group increased their price target on StoneX Group from $99.00 to $122.00 and gave the company a “buy” rating in a report on Monday, February 2nd. Weiss Ratings upgraded shares of StoneX Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Zacks Research raised shares of StoneX Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Finally, Wall Street Zen raised shares of StoneX Group from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $122.00.

StoneX Group Stock Performance

The firm’s fifty day moving average price is $110.33 and its 200 day moving average price is $100.40. The firm has a market cap of $6.87 billion, a P/E ratio of 19.55 and a beta of 0.45. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.34 and a current ratio of 1.80.

StoneX Group’s stock is scheduled to split before the market opens on Monday, March 23rd. The 3-2 split was announced on Thursday, February 5th. The newly issued shares will be distributed to shareholders after the closing bell on Tuesday, March 10th.

StoneX Group (NASDAQ:SNEX) last posted its earnings results on Wednesday, February 4th. The company reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.06 by $0.44. The company had revenue of $724.00 million during the quarter, compared to analyst estimates of $1.24 billion. StoneX Group had a return on equity of 16.43% and a net margin of 0.25%. Sell-side analysts expect that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.

Insider Activity

In related news, President Charles M. Lyon sold 30,000 shares of the firm’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $124.78, for a total transaction of $3,743,400.00. Following the sale, the president owned 150,330 shares of the company’s stock, valued at $18,758,177.40. This trade represents a 16.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Mark Lowry Maurer sold 40,000 shares of the business’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $124.88, for a total transaction of $4,995,200.00. Following the completion of the transaction, the insider owned 90,331 shares of the company’s stock, valued at $11,280,535.28. This represents a 30.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 124,979 shares of company stock worth $15,433,617 over the last ninety days. 11.79% of the stock is currently owned by corporate insiders.

Institutional Trading of StoneX Group

A number of institutional investors have recently bought and sold shares of SNEX. Private Trust Co. NA raised its holdings in shares of StoneX Group by 2,109.1% in the third quarter. Private Trust Co. NA now owns 243 shares of the company’s stock worth $25,000 after buying an additional 232 shares during the last quarter. Cornerstone Planning Group LLC increased its position in shares of StoneX Group by 4,133.3% in the 3rd quarter. Cornerstone Planning Group LLC now owns 254 shares of the company’s stock valued at $26,000 after acquiring an additional 248 shares during the period. Cullen Frost Bankers Inc. lifted its position in StoneX Group by 1,100.0% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 264 shares of the company’s stock worth $27,000 after acquiring an additional 242 shares during the period. AlphaQuest LLC grew its stake in StoneX Group by 28,000.0% during the 3rd quarter. AlphaQuest LLC now owns 281 shares of the company’s stock valued at $28,000 after purchasing an additional 280 shares during the last quarter. Finally, Salomon & Ludwin LLC purchased a new stake in StoneX Group during the 3rd quarter valued at about $37,000. 75.93% of the stock is currently owned by institutional investors and hedge funds.

StoneX Group Company Profile

StoneX Group Inc (NASDAQ: SNEX) is a global financial services firm offering execution, risk management, advisory and post-trade solutions across commodities, currencies, securities and digital assets. The company serves commercial businesses, institutional clients and financial intermediaries, providing market access and tailored services designed to help clients manage price risk, optimize working capital and execute complex transactions.

StoneX operates through several core segments.