StoneX Group Stock to Split on Monday, November 27th (NASDAQ:SNEX)

StoneX Group Inc. (NASDAQ:SNEX) shares are going to split on Monday, November 27th. The 3-2 split was announced on Tuesday, November 7th. The newly created shares will be issued to shareholders after the market closes on Friday, November 24th.

StoneX Group Price Performance

SNEX opened at $99.00 on Friday. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of 8.75 and a beta of 0.89. The company has a current ratio of 1.53, a quick ratio of 1.12 and a debt-to-equity ratio of 1.08. StoneX Group has a twelve month low of $74.43 and a twelve month high of $106.35. The company has a fifty day simple moving average of $93.79 and a 200 day simple moving average of $90.93.

Insiders Place Their Bets

In other StoneX Group news, CEO Charles M. Lyon sold 7,631 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $93.09, for a total transaction of $710,369.79. Following the completion of the transaction, the chief executive officer now directly owns 33,900 shares of the company’s stock, valued at approximately $3,155,751. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other StoneX Group news, CEO Charles M. Lyon sold 7,631 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $93.09, for a total transaction of $710,369.79. Following the completion of the transaction, the chief executive officer now directly owns 33,900 shares of the company’s stock, valued at approximately $3,155,751. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Philip Andrew Smith sold 3,000 shares of the firm’s stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $94.56, for a total transaction of $283,680.00. Following the transaction, the chief executive officer now directly owns 154,196 shares of the company’s stock, valued at $14,580,773.76. The disclosure for this sale can be found here. Insiders sold a total of 10,931 shares of company stock valued at $1,022,229 in the last ninety days. Corporate insiders own 15.45% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of SNEX. Exchange Traded Concepts LLC acquired a new position in shares of StoneX Group in the 3rd quarter valued at about $29,000. Parkside Financial Bank & Trust lifted its position in StoneX Group by 77.2% in the 1st quarter. Parkside Financial Bank & Trust now owns 358 shares of the company’s stock valued at $37,000 after purchasing an additional 156 shares during the last quarter. Assetmark Inc. lifted its position in StoneX Group by 45.8% in the 1st quarter. Assetmark Inc. now owns 385 shares of the company’s stock valued at $40,000 after purchasing an additional 121 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in StoneX Group by 160.9% in the 1st quarter. Tower Research Capital LLC TRC now owns 420 shares of the company’s stock valued at $43,000 after purchasing an additional 259 shares during the last quarter. Finally, State of Wyoming lifted its position in StoneX Group by 39.6% in the 2nd quarter. State of Wyoming now owns 1,244 shares of the company’s stock valued at $103,000 after purchasing an additional 353 shares during the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

About StoneX Group

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.