StoneX Group (NASDAQ:SNEX) Reaches New 52-Week High – Time to Buy?

StoneX Group Inc. (NASDAQ:SNEX) reached a new 52-week high during trading on Wednesday . The company traded as high as $122.35 and last traded at $122.05, with a volume of 87051 shares trading hands. The stock had previously closed at $121.27.

StoneX Group Price Performance

The firm has a market capitalization of $3.98 billion, a PE ratio of 14.73 and a beta of 0.78. The business has a 50-day moving average of $105.49 and a 200 day moving average of $93.91. The company has a current ratio of 1.77, a quick ratio of 1.29 and a debt-to-equity ratio of 1.33.

StoneX Group shares are scheduled to split on Monday, March 24th. The 3-2 split was announced on Wednesday, February 5th. The newly created 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 analysts’ consensus estimates of $2.15 by $0.39. StoneX Group had a return on equity of 16.83% and a net margin of 0.26%. As a group, research analysts anticipate that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.

Insider Activity at StoneX Group

In other news, Director John Moore Fowler sold 1,800 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $100.14, for a total value of $180,252.00. Following the completion of the transaction, the director now owns 81,375 shares of the company’s stock, valued at $8,148,892.50. This represents a 2.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 11.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On StoneX Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Ashford Capital Management Inc. boosted its position in shares of StoneX Group by 4.7% in the 4th quarter. Ashford Capital Management Inc. now owns 293,350 shares of the company’s stock worth $28,740,000 after purchasing an additional 13,120 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in StoneX Group by 24.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 69,052 shares of the company’s stock valued at $6,765,000 after purchasing an additional 13,614 shares during the period. Voloridge Investment Management LLC increased its position in shares of StoneX Group by 39.7% during the fourth quarter. Voloridge Investment Management LLC now owns 126,349 shares of the company’s stock worth $12,378,000 after acquiring an additional 35,922 shares during the period. Squarepoint Ops LLC increased its holdings in StoneX Group by 44.6% in the fourth quarter. Squarepoint Ops LLC now owns 7,429 shares of the company’s stock valued at $728,000 after buying an additional 2,291 shares during the last quarter. Finally, Tidal Investments LLC acquired a new position in StoneX Group in the fourth quarter valued at $16,557,000. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

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.