StoneX Group (NASDAQ:SNEX) Reaches New 52-Week High – Should You Buy?

Shares of StoneX Group Inc. (NASDAQ:SNEX) reached a new 52-week high on Tuesday . The stock traded as high as $105.71 and last traded at $105.41, with a volume of 40062 shares. The stock had previously closed at $104.56.

StoneX Group Stock Down 0.2 %

The stock has a market cap of $3.31 billion, a P/E ratio of 13.09 and a beta of 0.75. The company has a current ratio of 1.80, a quick ratio of 1.30 and a debt-to-equity ratio of 1.26. The stock’s 50-day moving average is $90.20 and its 200-day moving average is $81.67.

Insider Transactions at StoneX Group

In other news, Director John Moore Fowler sold 1,800 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $100.14, for a total value of $180,252.00. Following the sale, the director now owns 81,375 shares of the company’s stock, valued at approximately $8,148,892.50. The trade was a 2.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sean Michael Oconnor sold 37,500 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 506,994 shares of the company’s stock, valued at $49,898,349.48. This represents a 6.89 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 16.24% of the company’s stock.

Hedge Funds Weigh In On StoneX Group

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