StoneX Group (NASDAQ:SNEX) Reaches New 1-Year High – Time to Buy?

Shares of StoneX Group Inc. (NASDAQ:SNEX) reached a new 52-week high during trading on Tuesday . The stock traded as high as $106.98 and last traded at $107.43, with a volume of 10435 shares changing hands. The stock had previously closed at $105.01.

StoneX Group Stock Performance

The firm has a fifty day simple moving average of $100.60 and a 200 day simple moving average of $88.91. The company has a market capitalization of $3.43 billion, a price-to-earnings ratio of 13.51 and a beta of 0.77. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.81 and a quick ratio of 1.30.

Insider Buying and Selling

In other news, Director John Moore Fowler sold 1,800 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $100.14, for a total value of $180,252.00. Following the sale, the director now directly owns 81,375 shares in the company, valued at $8,148,892.50. This represents a 2.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sean Michael Oconnor sold 37,500 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $98.42, for a total transaction of $3,690,750.00. Following the completion of the transaction, the chief executive officer now directly owns 506,994 shares of the company’s stock, valued at $49,898,349.48. The trade was a 6.89 % decrease in their position. The disclosure for this sale can be found here. 16.24% of the stock is currently owned by company insiders.

Institutional Trading of StoneX Group

A number of institutional investors and hedge funds have recently bought and sold shares of SNEX. Harbor Capital Advisors Inc. boosted its stake in StoneX Group by 148.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 311,088 shares of the company’s stock valued at $25,472,000 after acquiring an additional 185,769 shares during the last quarter. Foundry Partners LLC bought a new stake in shares of StoneX Group in the 3rd quarter worth $5,348,000. Royce & Associates LP grew its stake in shares of StoneX Group by 38.6% in the 3rd quarter. Royce & Associates LP now owns 154,744 shares of the company’s stock worth $12,670,000 after purchasing an additional 43,126 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of StoneX Group by 6.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 623,182 shares of the company’s stock worth $51,022,000 after acquiring an additional 37,808 shares during the last quarter. Finally, Barclays PLC lifted its stake in StoneX Group by 359.4% during the third quarter. Barclays PLC now owns 46,755 shares of the company’s stock valued at $3,828,000 after buying an additional 36,577 shares in the last quarter. Institutional investors and hedge funds own 75.93% of the company’s stock.

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.