StoneX Group (NASDAQ:SNEX) Hits New 1-Year High – What’s Next?

Shares of StoneX Group Inc. (NASDAQ:SNEX) reached a new 52-week high on Monday . The stock traded as high as $89.32 and last traded at $88.87, with a volume of 28518 shares trading hands. The stock had previously closed at $85.63.

StoneX Group Price Performance

The company has a debt-to-equity ratio of 1.04, a current ratio of 1.64 and a quick ratio of 1.20. The firm has a fifty day moving average of $82.52 and a two-hundred day moving average of $77.55. The stock has a market capitalization of $2.81 billion, a P/E ratio of 11.87 and a beta of 0.76.

StoneX Group (NASDAQ:SNEX) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.13. StoneX Group had a net margin of 0.27% and a return on equity of 15.89%. The firm had revenue of $913.70 million during the quarter, compared to analysts’ expectations of $817.80 million. On average, analysts predict that StoneX Group Inc. will post 7.75 EPS for the current year.

Insider Activity

In other news, CEO Philip Andrew Smith sold 4,000 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $75.89, for a total transaction of $303,560.00. Following the sale, the chief executive officer now directly owns 221,898 shares of the company’s stock, valued at $16,839,839.22. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 16.24% of the company’s stock.

Institutional Investors Weigh In On StoneX Group

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in StoneX Group by 53.1% during the 4th quarter. Vanguard Group Inc. now owns 1,875,853 shares of the company’s stock valued at $138,494,000 after acquiring an additional 650,911 shares during the period. Woodmont Investment Counsel LLC grew its position in StoneX Group by 3.4% during the 1st quarter. Woodmont Investment Counsel LLC now owns 129,474 shares of the company’s stock worth $9,097,000 after purchasing an additional 4,300 shares during the period. Denali Advisors LLC raised its stake in shares of StoneX Group by 6,755.9% during the 1st quarter. Denali Advisors LLC now owns 2,331 shares of the company’s stock valued at $164,000 after buying an additional 2,297 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of StoneX Group by 3.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 18,751 shares of the company’s stock valued at $1,317,000 after buying an additional 585 shares during the period. Finally, Daiwa Securities Group Inc. acquired a new stake in StoneX Group during the first quarter worth about $120,000. Hedge funds and other 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.