StoneX Group (NASDAQ:SNEX) Hits New 12-Month High – Should You Buy?

StoneX Group Inc. (NASDAQ:SNEX) hit a new 52-week high on Tuesday . The stock traded as high as $121.97 and last traded at $118.64, with a volume of 375060 shares trading hands. The stock had previously closed at $120.64.

StoneX Group Price Performance

The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.30 and a current ratio of 1.77. The business has a 50 day simple moving average of $103.42 and a 200-day simple moving average of $92.09. The firm has a market cap of $3.81 billion, a price-to-earnings ratio of 14.17 and a beta of 0.78.

Shares of StoneX Group are going to split on the morning of Monday, March 24th. The 3-2 split was announced on Wednesday, February 5th. The newly issued shares will be issued to shareholders after the market closes on Friday, March 21st.

StoneX Group (NASDAQ:SNEX) last released its quarterly earnings results on Wednesday, February 5th. The company reported $2.54 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.39. StoneX Group had a net margin of 0.26% and a return on equity of 16.83%. Equities research analysts expect that StoneX Group Inc. will post 8.7 earnings per share for the current year.

Insider Transactions at StoneX Group

In other news, Director John Moore Fowler sold 1,800 shares of StoneX Group 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 $8,148,892.50. The trade was a 2.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 11.70% of the company’s stock.

Hedge Funds Weigh In On StoneX Group

Several institutional investors have recently added to or reduced their stakes in SNEX. Jane Street Group LLC boosted its stake in StoneX Group by 72.2% in the third quarter. Jane Street Group LLC now owns 23,621 shares of the company’s stock valued at $1,934,000 after acquiring an additional 9,900 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of StoneX Group by 8,088.0% in the 3rd quarter. International Assets Investment Management LLC now owns 24,564 shares of the company’s stock worth $2,011,000 after purchasing an additional 24,264 shares during the period. Foundry Partners LLC purchased a new position in StoneX Group in the third quarter valued at approximately $5,348,000. Principal Financial Group Inc. grew its holdings in StoneX Group by 11.0% during the third quarter. Principal Financial Group Inc. now owns 149,442 shares of the company’s stock valued at $12,236,000 after purchasing an additional 14,784 shares during the period. Finally, Royce & Associates LP increased its position in StoneX Group by 38.6% in the third quarter. Royce & Associates LP now owns 154,744 shares of the company’s stock worth $12,670,000 after buying an additional 43,126 shares during the last quarter. Institutional investors 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.