StoneX Group (NASDAQ:SNEX) Trading Down 2.4% – Here’s Why

Shares of StoneX Group Inc. (NASDAQ:SNEX) were down 2.4% on Monday . The company traded as low as $74.50 and last traded at $76.32. Approximately 80,904 shares traded hands during trading, a decline of 65% from the average daily volume of 231,872 shares. The stock had previously closed at $78.22.

StoneX Group Stock Up 3.1 %

The firm has a 50 day moving average price of $76.51 and a 200-day moving average price of $67.11. The firm has a market cap of $3.93 billion, a price-to-earnings ratio of 9.75 and a beta of 0.77. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.77 and a quick ratio of 1.29.

StoneX Group (NASDAQ:SNEX) last released its earnings results on Wednesday, February 5th. The company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.26. StoneX Group had a net margin of 0.26% and a return on equity of 16.83%. As a group, equities analysts predict that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.

Insiders Place Their Bets

In other StoneX Group news, insider Glenn Henry Stevens sold 22,500 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $78.55, for a total value of $1,767,300.00. Following the transaction, the insider now owns 116,946 shares of the company’s stock, valued at approximately $9,185,718.48. This represents a 16.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 11.70% of the company’s stock.

Institutional Trading of StoneX Group

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Kestra Investment Management LLC acquired a new position in StoneX Group during the fourth quarter valued at approximately $31,000. Smartleaf Asset Management LLC increased its position in shares of StoneX Group by 250.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 656 shares of the company’s stock valued at $64,000 after buying an additional 469 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in StoneX Group during the 4th quarter worth $75,000. KBC Group NV raised its stake in StoneX Group by 39.0% during the 4th quarter. KBC Group NV now owns 1,309 shares of the company’s stock worth $128,000 after buying an additional 367 shares during the period. Finally, USA Financial Formulas acquired a new position in StoneX Group in the fourth quarter valued at about $129,000. 75.93% of the stock is owned by institutional investors.

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.