StoneX Group (NASDAQ:SNEX) Hits New 12-Month High – Here’s What Happened

StoneX Group Inc. (NASDAQ:SNEX)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $130.86 and last traded at $129.9950, with a volume of 159279 shares. The stock had previously closed at $128.10.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SNEX shares. Weiss Ratings raised shares of StoneX Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Wall Street Zen raised shares of StoneX Group from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Zacks Research raised shares of StoneX Group from a “hold” rating to a “strong-buy” rating in a report on Monday, February 9th. Finally, Jefferies Financial Group lifted their price objective on StoneX Group from $99.00 to $122.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. Based on data from MarketBeat, StoneX Group has a consensus rating of “Buy” and a consensus target price of $122.00.

StoneX Group Trading Up 2.2%

The stock has a market cap of $6.87 billion, a PE ratio of 19.55 and a beta of 0.45. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.34 and a current ratio of 1.80. The company has a 50 day moving average of $110.33 and a two-hundred day moving average of $100.40.

StoneX Group shares are set to split before the market opens on Monday, March 23rd. The 3-2 split was announced on Thursday, February 5th. The newly minted shares will be distributed to shareholders after the closing bell on Tuesday, March 10th.

StoneX Group (NASDAQ:SNEX) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $2.50 EPS for the quarter, beating the consensus estimate of $2.06 by $0.44. The company had revenue of $724.00 million for the quarter, compared to analyst estimates of $1.24 billion. StoneX Group had a return on equity of 16.43% and a net margin of 0.25%. Sell-side analysts anticipate that StoneX Group Inc. will post 8.7 earnings per share for the current fiscal year.

Insider Buying and Selling

In other StoneX Group news, Chairman Sean Michael Oconnor sold 40,000 shares of the company’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $124.95, for a total transaction of $4,998,000.00. Following the completion of the transaction, the chairman directly owned 854,127 shares in the company, valued at approximately $106,723,168.65. This represents a 4.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Mark Lowry Maurer sold 40,000 shares of the firm’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $124.88, for a total transaction of $4,995,200.00. Following the completion of the transaction, the insider directly owned 90,331 shares in the company, valued at $11,280,535.28. This represents a 30.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 124,979 shares of company stock worth $15,433,617 in the last 90 days. 11.79% of the stock is owned by insiders.

Institutional Trading of StoneX Group

A number of hedge funds and other institutional investors have recently modified their holdings of SNEX. Private Trust Co. NA boosted its position in shares of StoneX Group by 2,109.1% during the 3rd quarter. Private Trust Co. NA now owns 243 shares of the company’s stock valued at $25,000 after acquiring an additional 232 shares during the last quarter. Cornerstone Planning Group LLC raised its stake in StoneX Group by 4,133.3% during the third quarter. Cornerstone Planning Group LLC now owns 254 shares of the company’s stock worth $26,000 after purchasing an additional 248 shares during the period. Cullen Frost Bankers Inc. raised its stake in StoneX Group by 1,100.0% during the third quarter. Cullen Frost Bankers Inc. now owns 264 shares of the company’s stock worth $27,000 after purchasing an additional 242 shares during the period. AlphaQuest LLC boosted its holdings in StoneX Group by 28,000.0% in the 3rd quarter. AlphaQuest LLC now owns 281 shares of the company’s stock valued at $28,000 after purchasing an additional 280 shares during the last quarter. Finally, Salomon & Ludwin LLC purchased a new stake in shares of StoneX Group in the 3rd quarter valued at approximately $37,000. 75.93% of the stock is owned by institutional investors and hedge funds.

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.