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

StoneX Group Inc. (NASDAQ:SNEX - Get Free Report)'s stock price hit a new 52-week high during trading on Monday . The company traded as high as $89.32 and last traded at $88.87, with a volume of 28518 shares. The stock had previously closed at $85.63.

StoneX Group Stock Up 5.0 %

The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 11.87 and a beta of 0.76. 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 stock has a fifty day moving average of $82.52 and a two-hundred day moving average of $77.55.

StoneX Group (NASDAQ:SNEX - Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $1.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.78 by $0.13. StoneX Group had a return on equity of 15.89% and a net margin of 0.27%. The company had revenue of $913.70 million during the quarter, compared to the consensus estimate of $817.80 million. Sell-side analysts anticipate that StoneX Group Inc. will post 7.75 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Philip Andrew Smith sold 4,000 shares of the firm's stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $75.89, for a total transaction of $303,560.00. Following the completion of the sale, the chief executive officer now directly owns 221,898 shares of the company's stock, valued at $16,839,839.22. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 16.24% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of StoneX Group by 53.1% in the 4th quarter. Vanguard Group Inc. now owns 1,875,853 shares of the company's stock valued at $138,494,000 after purchasing an additional 650,911 shares in the last quarter. Woodmont Investment Counsel LLC lifted 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 valued at $9,097,000 after acquiring an additional 4,300 shares during the period. Denali Advisors LLC boosted its position in shares of StoneX Group by 6,755.9% in the 1st quarter. Denali Advisors LLC now owns 2,331 shares of the company's stock worth $164,000 after purchasing an additional 2,297 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of StoneX Group by 3.2% during the first quarter. Janney Montgomery Scott LLC now owns 18,751 shares of the company's stock valued at $1,317,000 after acquiring an additional 585 shares in the last quarter. Finally, Daiwa Securities Group Inc. purchased a new stake in shares of StoneX Group during the first quarter valued at approximately $120,000. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

StoneX Group Company Profile

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.