StoneX Group (NASDAQ:SNEX) Hits New 12-Month High – Here’s What Happened

StoneX Group Inc. (NASDAQ:SNEX) reached a new 52-week high on Tuesday . The company traded as high as $127.63 and last traded at $125.0090, with a volume of 737692 shares trading hands. The stock had previously closed at $120.54.

Wall Street Analysts Forecast Growth

SNEX has been the topic of a number of analyst reports. Wall Street Zen raised StoneX Group from a “hold” rating to a “buy” rating in a research report on Saturday. Jefferies Financial Group raised their target price on shares of StoneX Group from $99.00 to $122.00 and gave the company a “buy” rating in a report on Monday, February 2nd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of StoneX Group in a research report on Monday, December 29th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, StoneX Group has an average rating of “Moderate Buy” and an average target price of $122.00.

StoneX Group Stock Up 3.7%

The stock has a market capitalization of $6.56 billion, a price-to-earnings ratio of 18.66 and a beta of 0.44. The company has a quick ratio of 1.34, a current ratio of 1.80 and a debt-to-equity ratio of 1.34. The stock has a 50 day moving average price of $102.70 and a 200 day moving average price of $97.65.

StoneX Group shares are going to split 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 quarterly earnings data on Wednesday, February 4th. The company reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.06 by $0.44. The business had revenue of $724.00 million during the quarter, compared to the consensus estimate of $1.24 billion. StoneX Group had a return on equity of 16.43% and a net margin of 0.25%. As a group, analysts forecast that StoneX Group Inc. will post 8.7 EPS for the current year.

Insider Transactions at StoneX Group

In other news, Director John Moore Fowler sold 1,125 shares of StoneX Group stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $112.70, for a total value of $126,787.50. Following the completion of the transaction, the director directly owned 113,765 shares of the company’s stock, valued at approximately $12,821,315.50. This trade represents a 0.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Diego Rotsztain sold 2,477 shares of the company’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $94.91, for a total value of $235,092.07. Following the sale, the insider owned 17,527 shares in the company, valued at approximately $1,663,487.57. The trade was a 12.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 6,979 shares of company stock worth $683,257. Company insiders own 11.79% of the company’s stock.

Institutional Trading of StoneX Group

Several hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in StoneX Group by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 4,031,545 shares of the company’s stock worth $383,521,000 after buying an additional 11,240 shares during the last quarter. American Century Companies Inc. increased its position in shares of StoneX Group by 19.8% during the second quarter. American Century Companies Inc. now owns 2,352,849 shares of the company’s stock worth $214,439,000 after acquiring an additional 389,132 shares in the last quarter. State Street Corp raised its holdings in shares of StoneX Group by 0.5% in the 2nd quarter. State Street Corp now owns 1,755,298 shares of the company’s stock worth $159,978,000 after acquiring an additional 8,350 shares during the last quarter. AltraVue Capital LLC raised its stake in shares of StoneX Group by 0.9% in the third quarter. AltraVue Capital LLC now owns 1,313,712 shares of the company’s stock worth $132,580,000 after purchasing an additional 11,740 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of StoneX Group by 6.5% during the fourth quarter. Geode Capital Management LLC now owns 1,212,568 shares of the company’s stock valued at $115,369,000 after buying an additional 74,515 shares during the last quarter. Institutional investors and hedge funds own 75.93% of the company’s stock.

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.