StoneX Group (NASDAQ:SNEX) Reaches New 12-Month High - Here's What Happened

Shares of StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as $111.20 and last traded at $110.74, with a volume of 50926 shares trading hands. The stock had previously closed at $109.34.

StoneX Group Trading Down 0.6 %

The company has a quick ratio of 1.30, a current ratio of 1.81 and a debt-to-equity ratio of 1.26. The firm's 50-day moving average price is $102.45 and its 200 day moving average price is $90.91. The company has a market capitalization of $3.49 billion, a P/E ratio of 13.68 and a beta of 0.78.

Insider Buying and Selling at StoneX Group

In other StoneX Group news, Director John Moore Fowler sold 1,800 shares of the business's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $100.14, for a total value of $180,252.00. Following the completion of the sale, the director now owns 81,375 shares in the company, valued at approximately $8,148,892.50. The trade was a 2.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Sean Michael Oconnor sold 37,500 shares of the firm's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $98.42, for a total transaction of $3,690,750.00. Following the completion of the sale, the chief executive officer now directly owns 506,994 shares of the company's stock, valued at approximately $49,898,349.48. This represents a 6.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On StoneX Group

A number of institutional investors have recently modified their holdings of the stock. Jane Street Group LLC raised its position in StoneX Group by 72.2% in the third quarter. Jane Street Group LLC now owns 23,621 shares of the company's stock worth $1,934,000 after acquiring an additional 9,900 shares during the period. International Assets Investment Management LLC raised its position in StoneX Group by 8,088.0% in the 3rd quarter. International Assets Investment Management LLC now owns 24,564 shares of the company's stock worth $2,011,000 after purchasing an additional 24,264 shares during the period. Foundry Partners LLC bought a new stake in shares of StoneX Group during the third quarter worth $5,348,000. Principal Financial Group Inc. grew its stake in StoneX Group by 11.0% in the third quarter. Principal Financial Group Inc. now owns 149,442 shares of the company's stock worth $12,236,000 after purchasing an additional 14,784 shares in the last quarter. Finally, Royce & Associates LP increased its position in StoneX Group by 38.6% during the 3rd quarter. Royce & Associates LP now owns 154,744 shares of the company's stock valued at $12,670,000 after purchasing an additional 43,126 shares during the period. 75.93% of the stock is 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.