StoneX Group (NASDAQ:SNEX) Reaches New 1-Year High – Here’s Why

StoneX Group Inc. (NASDAQ:SNEX)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $111.20 and last traded at $110.74, with a volume of 50926 shares traded. The stock had previously closed at $109.34.

StoneX Group Price Performance

The company has a current ratio of 1.81, a quick ratio of 1.30 and a debt-to-equity ratio of 1.26. The stock has a market cap of $3.53 billion, a PE ratio of 13.86 and a beta of 0.77. The business has a 50-day moving average price of $102.15 and a 200 day moving average price of $90.42.

Insider Transactions at StoneX Group

In related news, Director John Moore Fowler sold 1,800 shares of the business’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 transaction, the director now owns 81,375 shares of the company’s stock, valued at approximately $8,148,892.50. The trade was a 2.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sean Michael Oconnor sold 37,500 shares of the firm’s stock in a transaction on 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 approximately $49,898,349.48. The trade was a 6.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 11.70% of the company’s stock.

Hedge Funds Weigh In On StoneX Group

Several institutional investors and hedge funds have recently made changes to their positions in SNEX. State Street Corp boosted its holdings in shares of StoneX Group by 2.8% during the third quarter. State Street Corp now owns 1,147,861 shares of the company’s stock worth $93,987,000 after purchasing an additional 31,681 shares during the period. Geode Capital Management LLC boosted its position in StoneX Group by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 671,257 shares of the company’s stock valued at $54,973,000 after acquiring an additional 17,769 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of StoneX Group by 6.5% during 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 period. Assenagon Asset Management S.A. raised its position in shares of StoneX Group by 1.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 332,573 shares of the company’s stock worth $27,231,000 after acquiring an additional 3,822 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its position in shares of StoneX Group by 2.3% during the fourth quarter. Harbor Capital Advisors Inc. now owns 318,125 shares of the company’s stock valued at $31,167,000 after purchasing an additional 7,037 shares in the last quarter. Institutional investors 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.