Shares of StoneX Group Inc. (NASDAQ:SNEX – Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $138.47 and last traded at $135.73, with a volume of 2271368 shares. The stock had previously closed at $130.69.
Analysts Set New Price Targets
SNEX has been the topic of a number of research reports. Zacks Research raised shares of StoneX Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of StoneX Group in a research report on Friday, May 22nd. William Blair reaffirmed an “outperform” rating on shares of StoneX Group in a research report on Monday, March 9th. Finally, Wall Street Zen raised shares of StoneX Group from a “hold” rating to a “buy” rating in a report on Sunday, April 5th. One analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $122.00.
View Our Latest Report on StoneX Group
StoneX Group Price Performance
StoneX Group shares are going to split on Monday, July 20th. The 3-2 split was announced on Tuesday, May 26th. The newly minted shares will be distributed to shareholders after the market closes on Friday, July 17th.
StoneX Group (NASDAQ:SNEX – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.47. The firm had revenue of $826.40 million for the quarter, compared to analyst estimates of $1.37 billion. StoneX Group had a net margin of 0.30% and a return on equity of 19.31%. As a group, sell-side analysts forecast that StoneX Group Inc. will post 6 EPS for the current year.
Insider Transactions at StoneX Group
In other news, Chairman Sean Michael Oconnor sold 72,140 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $109.94, for a total value of $7,931,071.60. Following the sale, the chairman owned 1,236,921 shares in the company, valued at approximately $135,987,094.74. The trade was a 5.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Abigail H. Perkins sold 4,312 shares of the business’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $118.51, for a total transaction of $511,015.12. Following the completion of the sale, the insider owned 72,388 shares in the company, valued at $8,578,701.88. This represents a 5.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 505,731 shares of company stock worth $56,810,112. 11.79% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On StoneX Group
Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of StoneX Group by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 4,031,545 shares of the company’s stock valued at $383,521,000 after purchasing an additional 11,240 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of StoneX Group by 18.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,851,468 shares of the company’s stock valued at $271,261,000 after purchasing an additional 439,771 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of StoneX Group by 50.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,107,795 shares of the company’s stock valued at $169,976,000 after purchasing an additional 704,493 shares in the last quarter. State Street Corp boosted its stake in shares of StoneX Group by 0.3% in the 4th quarter. State Street Corp now owns 1,829,897 shares of the company’s stock valued at $174,078,000 after purchasing an additional 6,220 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its stake in shares of StoneX Group by 24.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,499,292 shares of the company’s stock valued at $142,628,000 after purchasing an additional 294,203 shares in the last quarter. Institutional investors and hedge funds own 75.93% of the company’s stock.
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.
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