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

StoneX Group Inc. (NASDAQ:SNEX)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $127.63 and last traded at $125.0090, with a volume of 737692 shares trading hands. The stock had previously closed at $120.54.

Wall Street Analysts Forecast Growth

Several research firms have commented on SNEX. Weiss Ratings reiterated a “hold (c+)” rating on shares of StoneX Group in a research note on Monday, December 29th. Wall Street Zen raised shares of StoneX Group from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Jefferies Financial Group increased their price target on shares of StoneX Group from $99.00 to $122.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $122.00.

StoneX Group Price Performance

The firm has a market capitalization of $6.56 billion, a PE ratio of 18.66 and a beta of 0.44. The business’s 50 day moving average is $102.70 and its two-hundred day moving average is $97.65. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.34 and a current ratio of 1.80.

StoneX Group shares are set to split on Monday, March 23rd. The 3-2 split was announced on Thursday, February 5th. The newly created shares will be payable to shareholders after the market closes on Tuesday, March 10th.

StoneX Group (NASDAQ:SNEX) last released its quarterly earnings data on Wednesday, February 4th. The company reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.06 by $0.44. StoneX Group had a return on equity of 16.43% and a net margin of 0.25%.The company had revenue of $724.00 million for the quarter, compared to analyst estimates of $1.24 billion. Equities research 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, insider Diego Rotsztain sold 2,029 shares of the firm’s stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $94.50, for a total value of $191,740.50. Following the sale, the insider owned 15,498 shares of the company’s stock, valued at $1,464,561. This trade represents a 11.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman John Radziwill bought 1,000 shares of the stock in a transaction that occurred on Tuesday, December 16th. The stock was bought at an average cost of $97.25 per share, for a total transaction of $97,250.00. Following the completion of the purchase, the chairman directly owned 101,596 shares of the company’s stock, valued at $9,880,211. This represents a 0.99% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have sold 6,979 shares of company stock valued at $683,257. Company insiders own 11.79% of the company’s stock.

Institutional Trading of StoneX Group

Several institutional investors and hedge funds have recently made changes to their positions in SNEX. Vanguard Group Inc. grew its position in StoneX Group by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 4,031,545 shares of the company’s stock worth $383,521,000 after acquiring an additional 11,240 shares in the last quarter. American Century Companies Inc. boosted its stake in StoneX Group by 19.8% in the second quarter. American Century Companies Inc. now owns 2,352,849 shares of the company’s stock worth $214,439,000 after buying an additional 389,132 shares in the last quarter. State Street Corp boosted its stake in StoneX Group by 0.5% in the second quarter. State Street Corp now owns 1,755,298 shares of the company’s stock worth $159,978,000 after buying an additional 8,350 shares in the last quarter. AltraVue Capital LLC grew its position in StoneX Group by 0.9% during the third quarter. AltraVue Capital LLC now owns 1,313,712 shares of the company’s stock valued at $132,580,000 after acquiring an additional 11,740 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of StoneX Group by 6.5% during the fourth quarter. Geode Capital Management LLC now owns 1,212,568 shares of the company’s stock worth $115,369,000 after acquiring an additional 74,515 shares in the last quarter. Hedge funds and other 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.