StoneX Group (NASDAQ:SNEX) Hits New 52-Week High - Time to Buy?

StoneX Group Inc. (NASDAQ:SNEX - Get Free Report)'s stock price reached a new 52-week high on Wednesday . The company traded as high as $122.35 and last traded at $122.05, with a volume of 87051 shares changing hands. The stock had previously closed at $121.27.

StoneX Group Stock Performance

The company has a debt-to-equity ratio of 1.33, a current ratio of 1.77 and a quick ratio of 1.29. The stock has a 50-day moving average price of $106.94 and a 200-day moving average price of $94.70. The firm has a market capitalization of $3.97 billion, a PE ratio of 14.79 and a beta of 0.78.

StoneX Group's stock is going to split before the market opens on Monday, March 24th. The 3-2 split was announced on Wednesday, February 5th. The newly minted shares will be distributed to shareholders after the closing bell on Friday, March 21st.

StoneX Group (NASDAQ:SNEX - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $2.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.15 by $0.39. StoneX Group had a return on equity of 16.83% and a net margin of 0.26%. On average, research analysts expect that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.

Insider Buying and Selling at StoneX Group

In other news, insider Glenn Henry Stevens sold 15,000 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $117.82, for a total value of $1,767,300.00. Following the completion of the sale, the insider now owns 77,964 shares of the company's stock, valued at approximately $9,185,718.48. The trade was a 16.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 11.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On StoneX Group

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

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.