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

StoneX Group Inc. (NASDAQ:SNEX) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $110.67 and last traded at $110.15, with a volume of 244365 shares trading hands. The stock had previously closed at $106.15.

Analyst Ratings Changes

Several equities research analysts have issued reports 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 reissued a “hold (c+)” rating on shares of StoneX Group in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, StoneX Group currently has an average 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 company has a 50 day moving average of $96.84 and a 200-day moving average of $96.09. The firm has a market capitalization of $5.58 billion, a P/E ratio of 18.14 and a beta of 0.46.

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

Insiders Place Their Bets

In other StoneX Group news, Chairman John Radziwill bought 1,000 shares of the stock in a transaction on Tuesday, December 16th. The stock was purchased at an average price of $97.25 per share, with a total value of $97,250.00. Following the completion of the purchase, the chairman owned 101,596 shares in the company, valued at $9,880,211. The trade was a 0.99% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Diego Rotsztain sold 2,029 shares of the stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $94.50, for a total transaction of $191,740.50. Following the completion of the transaction, the insider directly 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 SEC filing for this sale provides additional information. Insiders sold 6,979 shares of company stock worth $659,070 in the last quarter. 11.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On StoneX Group

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in StoneX Group by 34.3% in the third quarter. Vanguard Group Inc. now owns 4,020,305 shares of the company’s stock valued at $405,729,000 after buying an additional 1,027,489 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of StoneX Group by 19.8% in the 2nd quarter. American Century Companies Inc. now owns 2,352,849 shares of the company’s stock valued at $214,439,000 after acquiring an additional 389,132 shares during the last quarter. State Street Corp boosted its holdings in shares of StoneX Group by 0.5% during the 2nd quarter. State Street Corp now owns 1,755,298 shares of the company’s stock valued at $159,978,000 after acquiring an additional 8,350 shares in the last quarter. AltraVue Capital LLC grew its position in StoneX Group by 0.9% during the 3rd quarter. AltraVue Capital LLC now owns 1,313,712 shares of the company’s stock worth $132,580,000 after acquiring an additional 11,740 shares during the last quarter. Finally, Van Berkom & Associates Inc. increased its holdings in StoneX Group by 0.3% in the 3rd quarter. Van Berkom & Associates Inc. now owns 1,200,338 shares of the company’s stock worth $121,138,000 after purchasing an additional 3,363 shares in the last quarter. 75.93% of the stock is currently owned by institutional investors and hedge funds.

About StoneX Group

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.