StoneX Group (NASDAQ:SNEX) Hits New 12-Month High at $84.40

StoneX Group Inc. (NASDAQ:SNEX)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $84.40 and last traded at $84.20, with a volume of 37209 shares trading hands. The stock had previously closed at $81.05.

StoneX Group Price Performance

The firm has a fifty day moving average of $79.44 and a two-hundred day moving average of $74.24. The stock has a market capitalization of $2.62 billion, a P/E ratio of 10.81 and a beta of 0.76. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.64 and a quick ratio of 1.20.

StoneX Group (NASDAQ:SNEX) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.13. StoneX Group had a return on equity of 15.89% and a net margin of 0.27%. The business had revenue of $913.70 million for the quarter, compared to the consensus estimate of $817.80 million. On average, analysts predict that StoneX Group Inc. will post 7.45 EPS for the current year.

Insider Activity

In related news, insider Xuong Nguyen sold 8,091 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $80.00, for a total transaction of $647,280.00. Following the completion of the sale, the insider now owns 60,816 shares of the company’s stock, valued at $4,865,280. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Philip Andrew Smith sold 4,000 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $75.89, for a total value of $303,560.00. Following the completion of the transaction, the chief executive officer now directly owns 221,898 shares of the company’s stock, valued at approximately $16,839,839.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Xuong Nguyen sold 8,091 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $80.00, for a total transaction of $647,280.00. Following the sale, the insider now directly owns 60,816 shares in the company, valued at approximately $4,865,280. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,491 shares of company stock worth $982,544. Corporate insiders own 16.24% of the company’s stock.

Institutional Investors Weigh In On StoneX Group

Large investors have recently made changes to their positions in the stock. FinTrust Capital Advisors LLC raised its stake in StoneX Group by 50.0% in the 4th quarter. FinTrust Capital Advisors LLC now owns 450 shares of the company’s stock worth $33,000 after acquiring an additional 150 shares during the last quarter. Quest Partners LLC increased its holdings in shares of StoneX Group by 9,133.3% in the second quarter. Quest Partners LLC now owns 554 shares of the company’s stock valued at $42,000 after purchasing an additional 548 shares during the period. nVerses Capital LLC purchased a new position in shares of StoneX Group in the second quarter worth about $68,000. Quadrant Capital Group LLC lifted its holdings in shares of StoneX Group by 107.2% during the fourth quarter. Quadrant Capital Group LLC now owns 953 shares of the company’s stock worth $70,000 after purchasing an additional 493 shares during the period. Finally, C M Bidwell & Associates Ltd. lifted its holdings in shares of StoneX Group by 49.7% during the fourth quarter. C M Bidwell & Associates Ltd. now owns 1,066 shares of the company’s stock worth $79,000 after purchasing an additional 354 shares during the period. 75.93% of the stock is owned by hedge funds and other institutional investors.

About StoneX Group

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.