StoneX Group (NASDAQ:SNEX) Reaches New 1-Year High – Here’s Why

Shares of StoneX Group Inc. (NASDAQ:SNEX) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $102.87 and last traded at $100.58, with a volume of 52338 shares trading hands. The stock had previously closed at $96.71.

StoneX Group Stock Up 7.2 %

The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.20 and a current ratio of 1.64. The stock has a market capitalization of $3.29 billion, a P/E ratio of 13.41 and a beta of 0.75. The company’s 50-day moving average price is $87.42 and its 200 day moving average price is $80.60.

Insider Buying and Selling

In other StoneX Group news, CEO Sean Michael Oconnor sold 37,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $98.42, for a total value of $3,690,750.00. Following the completion of the sale, the chief executive officer now directly owns 506,994 shares in the company, valued at $49,898,349.48. This trade represents a 6.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 16.24% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On StoneX Group

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of StoneX Group by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 1,909,965 shares of the company’s stock valued at $134,194,000 after acquiring an additional 34,112 shares during the last quarter. Van Berkom & Associates Inc. raised its holdings in StoneX Group by 1.6% in the second quarter. Van Berkom & Associates Inc. now owns 1,415,432 shares of the company’s stock valued at $106,596,000 after acquiring an additional 21,608 shares in the last quarter. State Street Corp lifted its holdings in StoneX Group by 2.8% during the 3rd quarter. State Street Corp now owns 1,147,861 shares of the company’s stock worth $93,987,000 after buying an additional 31,681 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of StoneX Group by 80.3% in the 2nd quarter. American Century Companies Inc. now owns 808,768 shares of the company’s stock valued at $60,908,000 after buying an additional 360,164 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in StoneX Group by 2.7% during the third quarter. Geode Capital Management LLC now owns 671,257 shares of the company’s stock worth $54,973,000 after buying an additional 17,769 shares during the period. Hedge funds and other institutional investors own 75.93% of the company’s stock.

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.