StoneX Group (NASDAQ:SNEX) Reaches New 12-Month High – Still a Buy?

Shares of StoneX Group Inc. (NASDAQ:SNEX) hit a new 52-week high during trading on Thursday . The company traded as high as $111.20 and last traded at $110.74, with a volume of 50926 shares changing hands. The stock had previously closed at $109.34.

StoneX Group Stock Down 0.7 %

The stock’s 50-day moving average price is $102.45 and its two-hundred day moving average price is $90.76. The stock has a market capitalization of $3.51 billion, a PE ratio of 13.76 and a beta of 0.77. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.30 and a current ratio of 1.81.

Insider Activity

In other StoneX Group news, Director John Moore Fowler sold 1,800 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $100.14, for a total transaction of $180,252.00. Following the sale, the director now directly owns 81,375 shares in the company, valued at approximately $8,148,892.50. This trade represents a 2.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Sean Michael Oconnor sold 37,500 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $98.42, for a total value of $3,690,750.00. Following the completion of the transaction, the chief executive officer now directly owns 506,994 shares of the company’s stock, valued at approximately $49,898,349.48. This trade represents a 6.89 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 11.70% of the company’s stock.

Institutional Investors Weigh In On StoneX Group

A number of large investors have recently made changes to their positions in the company. Harbor Capital Advisors Inc. boosted its holdings in shares of StoneX Group by 148.2% in the third quarter. Harbor Capital Advisors Inc. now owns 311,088 shares of the company’s stock worth $25,472,000 after buying an additional 185,769 shares during the last quarter. Foundry Partners LLC purchased a new position in shares of StoneX Group during the 3rd quarter worth $5,348,000. Royce & Associates LP grew its position in shares of StoneX Group by 38.6% during the 3rd quarter. Royce & Associates LP now owns 154,744 shares of the company’s stock valued at $12,670,000 after acquiring an additional 43,126 shares during the period. Rockefeller Capital Management L.P. increased its stake in shares of StoneX Group by 6.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 623,182 shares of the company’s stock worth $51,022,000 after purchasing an additional 37,808 shares in the last quarter. Finally, Barclays PLC raised its holdings in StoneX Group by 359.4% in the 3rd quarter. Barclays PLC now owns 46,755 shares of the company’s stock worth $3,828,000 after purchasing an additional 36,577 shares during the period. 75.93% of the stock is currently owned by 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.