StoneX Group (NASDAQ:SNEX) Reaches New 1-Year High – Should You Buy?

StoneX Group Inc. (NASDAQ:SNEXGet Free Report) reached a new 52-week high during trading on Monday . The company traded as high as $141.99 and last traded at $139.81, with a volume of 73233 shares changing hands. The stock had previously closed at $139.01.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. William Blair reaffirmed an “outperform” rating on shares of StoneX Group in a research report on Monday, March 9th. Zacks Research raised shares of StoneX Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Wall Street Zen upgraded StoneX Group from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of StoneX Group in a research note on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $122.00.

View Our Latest Analysis on StoneX Group

StoneX Group Stock Performance

The stock has a market capitalization of $11.03 billion, a PE ratio of 24.87 and a beta of 0.64. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.33 and a current ratio of 1.74. The firm’s 50 day moving average is $113.39 and its two-hundred day moving average is $107.73.

StoneX Group shares are scheduled to split before the market opens on Monday, July 20th. The 3-2 split was announced on Tuesday, May 26th. The newly minted shares will be issued to shareholders after the closing bell on Friday, July 17th.

StoneX Group (NASDAQ:SNEXGet Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $2.07 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.47. The company had revenue of $826.40 million for the quarter, compared to the consensus estimate of $1.37 billion. StoneX Group had a net margin of 0.30% and a return on equity of 19.31%. As a group, research analysts predict that StoneX Group Inc. will post 6 earnings per share for the current year.

Insider Transactions at StoneX Group

In other StoneX Group news, CEO Philip Andrew Smith sold 30,000 shares of the firm’s stock in a transaction on Friday, April 10th. The stock was sold at an average price of $92.23, for a total value of $2,766,900.00. Following the sale, the chief executive officer directly owned 514,719 shares in the company, valued at $47,472,533.37. This trade represents a 5.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Mark Lowry Maurer sold 34,706 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $135.31, for a total value of $4,696,068.86. Following the sale, the insider owned 147,038 shares of the company’s stock, valued at approximately $19,895,711.78. The trade was a 19.10% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 712,479 shares of company stock valued at $84,428,969 over the last ninety days. Company insiders own 11.79% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Cassaday & Co Wealth Management LLC purchased a new stake in StoneX Group in the first quarter valued at $34,000. Transamerica Financial Advisors LLC increased its position in shares of StoneX Group by 183.0% during the fourth quarter. Transamerica Financial Advisors LLC now owns 433 shares of the company’s stock worth $41,000 after purchasing an additional 280 shares in the last quarter. Sterling Capital Management LLC increased its position in shares of StoneX Group by 48.7% during the first quarter. Sterling Capital Management LLC now owns 476 shares of the company’s stock worth $38,000 after purchasing an additional 156 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of StoneX Group in the 4th quarter valued at about $50,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of StoneX Group by 167.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 534 shares of the company’s stock valued at $51,000 after purchasing an additional 334 shares during the last quarter. 75.93% of the stock is owned by hedge funds and other institutional investors.

About StoneX Group

(Get Free Report)

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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