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

StoneX Group Inc. (NASDAQ:SNEX) hit a new 52-week high on Thursday . The company traded as high as $111.37 and last traded at $109.8950, with a volume of 88468 shares. The stock had previously closed at $107.80.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Zacks Research downgraded StoneX Group from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of StoneX Group in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold”.

StoneX Group Price Performance

The company has a current ratio of 1.72, a quick ratio of 1.35 and a debt-to-equity ratio of 1.56. The business has a 50-day moving average of $99.30 and a 200 day moving average of $96.61. The firm has a market capitalization of $5.88 billion, a P/E ratio of 19.05 and a beta of 0.46.

StoneX Group (NASDAQ:SNEX) last posted its quarterly earnings results on Monday, November 24th. The company reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.58 by ($0.01). StoneX Group had a net margin of 0.23% and a return on equity of 15.27%. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the business posted $2.32 EPS. On average, sell-side analysts predict that StoneX Group Inc. will post 8.7 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Diego Rotsztain sold 2,029 shares of the stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $94.50, for a total value of $191,740.50. Following the completion of the sale, the insider directly owned 15,498 shares of the company’s stock, valued at $1,464,561. This represents a 11.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman John Radziwill acquired 1,000 shares of the company’s stock in a transaction on Tuesday, December 16th. The shares were bought at an average price of $97.25 per share, for a total transaction of $97,250.00. Following the completion of the purchase, the chairman owned 101,596 shares in the company, valued at approximately $9,880,211. This represents a 0.99% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 6,979 shares of company stock worth $659,070 in the last quarter. Insiders own 11.70% of the company’s stock.

Institutional Trading of StoneX Group

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

StoneX Group Company Profile

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.