StoneX Group (NASDAQ:SNEX) Reaches New 52-Week High – Here’s What Happened

StoneX Group Inc. (NASDAQ:SNEX) reached a new 52-week high on Tuesday . The stock traded as high as $100.05 and last traded at $99.37, with a volume of 1166250 shares changing hands. The stock had previously closed at $92.90.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SNEX. Wall Street Zen raised StoneX Group from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. Weiss Ratings raised StoneX Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. Zacks Research downgraded StoneX Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Jefferies Financial Group lifted their target price on StoneX Group from $99.00 to $122.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Finally, William Blair reissued an “outperform” rating on shares of StoneX Group in a research report on Monday, March 9th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.00.

StoneX Group Stock Performance

The firm has a market capitalization of $7.82 billion, a price-to-earnings ratio of 22.25 and a beta of 0.42. The company has a quick ratio of 1.34, a current ratio of 1.80 and a debt-to-equity ratio of 1.34. The stock has a 50-day moving average price of $107.37 and a 200 day moving average price of $100.90.

StoneX Group (NASDAQ:SNEX) last announced its quarterly earnings data on Wednesday, February 4th. The company reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.06 by $0.44. StoneX Group had a return on equity of 16.43% and a net margin of 0.25%.The business had revenue of $724.00 million during the quarter, compared to the consensus estimate of $1.24 billion. On average, analysts forecast that StoneX Group Inc. will post 8.7 EPS for the current year.

Insider Buying and Selling at StoneX Group

In other news, insider Mark Lowry Maurer sold 40,000 shares of the business’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $124.88, for a total transaction of $4,995,200.00. Following the completion of the transaction, the insider directly owned 90,331 shares of the company’s stock, valued at approximately $11,280,535.28. The trade was a 30.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John Moore Fowler sold 1,125 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $112.70, for a total value of $126,787.50. Following the transaction, the director directly owned 113,765 shares of the company’s stock, valued at approximately $12,821,315.50. This represents a 0.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 120,125 shares of company stock valued at $14,983,688. 11.79% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On StoneX Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Private Trust Co. NA boosted its holdings in StoneX Group by 2,109.1% in the third quarter. Private Trust Co. NA now owns 243 shares of the company’s stock valued at $25,000 after purchasing an additional 232 shares in the last quarter. Cornerstone Planning Group LLC boosted its holdings in StoneX Group by 4,133.3% in the third quarter. Cornerstone Planning Group LLC now owns 254 shares of the company’s stock valued at $26,000 after purchasing an additional 248 shares in the last quarter. Cullen Frost Bankers Inc. boosted its holdings in StoneX Group by 1,100.0% in the third quarter. Cullen Frost Bankers Inc. now owns 264 shares of the company’s stock valued at $27,000 after purchasing an additional 242 shares in the last quarter. AlphaQuest LLC boosted its holdings in StoneX Group by 28,000.0% in the third quarter. AlphaQuest LLC now owns 281 shares of the company’s stock valued at $28,000 after purchasing an additional 280 shares in the last quarter. Finally, Salomon & Ludwin LLC acquired a new position in StoneX Group in the third quarter valued at approximately $37,000. 75.93% of the stock is owned by institutional investors and hedge funds.

StoneX Group Company Profile

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.