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

StoneX Group Inc. (NASDAQ:SNEX)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $107.23 and last traded at $107.25, with a volume of 84497 shares traded. The stock had previously closed at $105.89.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SNEX. Zacks Research lowered shares of StoneX Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of StoneX Group in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, StoneX Group currently has an average rating of “Hold”.

StoneX Group Trading Up 2.3%

The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.35 and a current ratio of 1.72. The business has a fifty day simple moving average of $94.99 and a 200 day simple moving average of $95.59. The stock has a market cap of $5.66 billion, a price-to-earnings ratio of 18.38 and a beta of 0.46.

StoneX Group (NASDAQ:SNEX) last released its quarterly earnings results on Monday, November 24th. The company reported $1.57 earnings per share for the quarter, missing analysts’ consensus estimates of $1.58 by ($0.01). StoneX Group had a return on equity of 15.27% and a net margin of 0.23%.The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the firm earned $2.32 earnings per share. As a group, equities analysts anticipate that StoneX Group Inc. will post 8.7 EPS for the current year.

Insider Buying and Selling at StoneX Group

In other news, Chairman John Radziwill acquired 1,000 shares of the business’s stock in a transaction dated Tuesday, December 16th. The stock was acquired at an average price of $97.25 per share, with a total value of $97,250.00. Following the completion of the transaction, the chairman directly owned 101,596 shares in the company, valued at approximately $9,880,211. This represents a 0.99% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John Moore Fowler sold 1,125 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $91.20, for a total transaction of $102,600.00. Following the transaction, the director directly owned 114,769 shares in the company, valued at $10,466,932.80. The trade was a 0.97% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 6,979 shares of company stock worth $659,070. Corporate insiders own 11.70% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Royal Bank of Canada increased its stake in StoneX Group by 129.0% in the first quarter. Royal Bank of Canada now owns 77,545 shares of the company’s stock valued at $5,923,000 after purchasing an additional 43,678 shares during the last quarter. NewEdge Advisors LLC purchased a new stake in StoneX Group in the 1st quarter valued at about $449,000. Goldman Sachs Group Inc. grew its holdings in StoneX Group by 6.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 225,711 shares of the company’s stock valued at $17,240,000 after buying an additional 13,815 shares during the period. United Services Automobile Association acquired a new position in shares of StoneX Group during the 1st quarter valued at about $210,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of StoneX Group by 55.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 107,125 shares of the company’s stock worth $8,182,000 after acquiring an additional 38,073 shares during the period. Hedge funds and other institutional investors own 75.93% of the company’s stock.

About StoneX Group

StoneX Group Inc (NASDAQ: SNEX) is a global financial services firm offering execution, risk management, advisory and post-trade solutions across commodities, currencies, securities and digital assets. The company serves commercial businesses, institutional clients and financial intermediaries, providing market access and tailored services designed to help clients manage price risk, optimize working capital and execute complex transactions.

StoneX operates through several core segments.