StoneX Group (NASDAQ:SNEX) Hits New 12-Month High - Should You Buy?

Shares of StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as $93.80 and last traded at $93.80, with a volume of 9293 shares traded. The stock had previously closed at $91.36.

StoneX Group Trading Up 2.6 %

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 has a market cap of $2.98 billion, a price-to-earnings ratio of 12.99 and a beta of 0.75. The business has a fifty day simple moving average of $83.74 and a 200-day simple moving average of $78.62.

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, beating analysts' consensus estimates 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 analyst estimates of $817.80 million. As a group, equities analysts forecast that StoneX Group Inc. will post 7.75 earnings per share for the current fiscal year.

Insider Transactions at StoneX Group

In related 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 transaction, 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 Securities & Exchange Commission, which is available at this hyperlink. 16.24% of the stock is owned by company insiders.

Institutional Trading of StoneX Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SNEX. Victory Capital Management Inc. increased its position in shares of StoneX Group by 2.7% during the third quarter. Victory Capital Management Inc. now owns 12,834 shares of the company's stock worth $1,051,000 after buying an additional 342 shares during the period. GSA Capital Partners LLP bought a new position in shares of StoneX Group in the 3rd quarter worth about $248,000. Atria Investments Inc lifted its stake in shares of StoneX Group by 20.2% in the 3rd quarter. Atria Investments Inc now owns 8,112 shares of the company's stock valued at $664,000 after purchasing an additional 1,362 shares during the period. Principal Financial Group Inc. boosted its position in shares of StoneX Group by 11.0% during the 3rd quarter. Principal Financial Group Inc. now owns 149,442 shares of the company's stock valued at $12,236,000 after purchasing an additional 14,784 shares in the last quarter. Finally, Woodmont Investment Counsel LLC grew its stake in StoneX Group by 1.5% during the third quarter. Woodmont Investment Counsel LLC now owns 132,409 shares of the company's stock worth $10,842,000 after purchasing an additional 1,935 shares during the period. Institutional investors and hedge funds own 75.93% of the company's stock.

About StoneX Group

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.