StoneX Group (NASDAQ:SNEX) Trading Up 5.6% on Strong Earnings

StoneX Group Inc. (NASDAQ:SNEX - Get Free Report)'s stock price was up 5.6% on Thursday following a better than expected earnings announcement. The stock traded as high as $120.65 and last traded at $117.65. Approximately 26,790 shares were traded during trading, a decline of 83% from the average daily volume of 162,158 shares. The stock had previously closed at $111.42.

The company reported $2.54 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%.

Insiders Place Their Bets

In related news, Director John Moore Fowler sold 1,800 shares of the business's stock in a transaction that occurred on Friday, November 22nd. The shares were 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 directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Kestra Investment Management LLC purchased a new stake in shares of StoneX Group during the 4th quarter worth about $31,000. Huntington National Bank raised its position in StoneX Group by 1,906.9% in the third quarter. Huntington National Bank now owns 582 shares of the company's stock valued at $48,000 after purchasing an additional 553 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of StoneX Group by 250.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 656 shares of the company's stock worth $64,000 after purchasing an additional 469 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in shares of StoneX Group in the fourth quarter worth about $75,000. Finally, KBC Group NV raised its holdings in shares of StoneX Group by 39.0% during the 4th quarter. KBC Group NV now owns 1,309 shares of the company's stock valued at $128,000 after buying an additional 367 shares during the period. 75.93% of the stock is owned by hedge funds and other institutional investors.

StoneX Group Stock Down 1.7 %

The stock has a market capitalization of $3.81 billion, a price-to-earnings ratio of 14.17 and a beta of 0.78. The firm has a 50-day moving average of $103.42 and a 200 day moving average of $92.09. The company has a current ratio of 1.77, a quick ratio of 1.30 and a debt-to-equity ratio of 1.33.

StoneX Group shares are scheduled to split on the morning of Monday, March 24th. The 3-2 split was announced on Wednesday, February 5th. The newly issued shares will be distributed to shareholders after the closing bell on Friday, March 21st.

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.