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

Shares of StoneX Group Inc. (NASDAQ:SNEX) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $121.97 and last traded at $118.64, with a volume of 375060 shares traded. The stock had previously closed at $120.64.

StoneX Group Stock Performance

The company has a market cap of $3.78 billion, a P/E ratio of 14.08 and a beta of 0.78. The company has a quick ratio of 1.30, a current ratio of 1.77 and a debt-to-equity ratio of 1.33. The company has a 50 day moving average price of $104.02 and a 200-day moving average price of $92.61.

Shares of StoneX Group are going to split before the market opens on Monday, March 24th. The 3-2 split was announced on Wednesday, February 5th. The newly issued shares will be issued to shareholders after the closing bell on Friday, March 21st.

StoneX Group (NASDAQ:SNEX) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.39. StoneX Group had a return on equity of 16.83% and a net margin of 0.26%. Equities analysts expect that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.

Insider Buying and Selling at StoneX Group

In related news, Director John Moore Fowler sold 1,800 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $100.14, for a total transaction of $180,252.00. Following the completion of the sale, the director now directly owns 81,375 shares in the company, valued at approximately $8,148,892.50. This trade represents a 2.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 11.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On StoneX Group

Several large investors have recently modified their holdings of SNEX. CX Institutional purchased a new position in StoneX Group in the 3rd quarter worth about $2,823,000. Creative Planning boosted its stake in StoneX Group by 21.0% in the 3rd quarter. Creative Planning now owns 3,839 shares of the company’s stock worth $314,000 after purchasing an additional 667 shares during the period. NBC Securities Inc. raised its stake in StoneX Group by 6.2% during the 3rd quarter. NBC Securities Inc. now owns 23,265 shares of the company’s stock valued at $1,904,000 after purchasing an additional 1,363 shares during the period. Cadent Capital Advisors LLC acquired a new position in StoneX Group during the third quarter valued at $212,000. Finally, International Assets Investment Management LLC boosted its position in StoneX Group by 8,088.0% during the 3rd quarter. International Assets Investment Management LLC now owns 24,564 shares of the company’s stock worth $2,011,000 after acquiring an additional 24,264 shares during the period. 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.