Free Trial

StoneX Group (NASDAQ:SNEX) Hits New 1-Year High - Here's Why

StoneX Group logo with Finance background

StoneX Group Inc. (NASDAQ:SNEX - Get Free Report)'s share price hit a new 52-week high on Tuesday . The stock traded as high as $85.51 and last traded at $84.83, with a volume of 24695 shares. The stock had previously closed at $83.24.

StoneX Group Price Performance

The company has a market cap of $2.73 billion, a P/E ratio of 11.10 and a beta of 0.76. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.20 and a current ratio of 1.64. The firm's fifty day moving average is $80.25 and its two-hundred day moving average is $75.76.

StoneX Group (NASDAQ:SNEX - Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The company reported $1.91 EPS for the quarter, beating 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 business had revenue of $913.70 million during the quarter, compared to the consensus estimate of $817.80 million. As a group, analysts anticipate that StoneX Group Inc. will post 7.45 earnings per share for the current fiscal year.

Insider Buying and Selling at StoneX Group

In other StoneX Group news, insider Xuong Nguyen sold 8,091 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $80.00, for a total transaction of $647,280.00. Following the completion of the transaction, the insider now owns 60,816 shares of the company's stock, valued at $4,865,280. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Xuong Nguyen sold 8,091 shares of the company's stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $80.00, for a total transaction of $647,280.00. Following the sale, the insider now directly owns 60,816 shares in the company, valued at approximately $4,865,280. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Moore Fowler sold 400 shares of the company's stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $79.26, for a total transaction of $31,704.00. Following the sale, the director now owns 2,000 shares in the company, valued at $158,520. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,491 shares of company stock valued at $982,544 in the last 90 days. Insiders own 16.24% of the company's stock.

Institutional Trading of StoneX Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SNEX. Quest Partners LLC increased its position in shares of StoneX Group by 9,133.3% during the second quarter. Quest Partners LLC now owns 554 shares of the company's stock worth $42,000 after acquiring an additional 548 shares during the period. nVerses Capital LLC bought a new position in shares of StoneX Group during the second quarter valued at approximately $68,000. C M Bidwell & Associates Ltd. boosted its stake in shares of StoneX Group by 49.7% during the fourth quarter. C M Bidwell & Associates Ltd. now owns 1,066 shares of the company's stock valued at $79,000 after purchasing an additional 354 shares in the last quarter. Daiwa Securities Group Inc. bought a new position in shares of StoneX Group during the first quarter valued at approximately $120,000. Finally, Denali Advisors LLC boosted its stake in StoneX Group by 6,755.9% in the first quarter. Denali Advisors LLC now owns 2,331 shares of the company's stock valued at $164,000 after acquiring an additional 2,297 shares in the last quarter. 75.93% of the stock is owned by hedge funds and other institutional investors.

StoneX Group Company Profile

(Get Free Report)

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.

Featured Stories

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should you invest $1,000 in StoneX Group right now?

Before you consider StoneX Group, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and StoneX Group wasn't on the list.

While StoneX Group currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

10 Best Cheap Stocks to Buy Now Cover

MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Star Bulk Carriers Stock 28% Upside: Can This Small Cap Deliver?
These 3 Small-Cap Stocks Could be the Hidden Gems of 2025
Broadcom’s Momentum Returns: Will It Reach New Highs?

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines