StoneX Group Stock to Split on Monday, March 24th (NASDAQ:SNEX)

StoneX Group Inc. (NASDAQ:SNEX - Free Report)'s stock is scheduled to split on Monday, March 24th. The 3-2 split was announced on Wednesday, February 5th. The newly issued shares will be issued to shareholders after the closing bell on Friday, March 21st.

StoneX Group Trading Down 2.0 %

NASDAQ SNEX traded down $2.29 on Friday, hitting $114.96. 316,670 shares of the stock were exchanged, compared to its average volume of 240,731. The firm has a market capitalization of $3.69 billion, a P/E ratio of 13.73 and a beta of 0.77. StoneX Group has a 52-week low of $64.03 and a 52-week high of $128.23. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.29 and a current ratio of 1.77. The stock has a fifty day moving average price of $111.52 and a two-hundred day moving average price of $97.60.

StoneX Group (NASDAQ:SNEX - Get Free Report) last issued 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 net margin of 0.26% and a return on equity of 16.83%. Research analysts forecast that StoneX Group will post 8.7 EPS for the current fiscal year.

Insider Activity

In related news, insider Glenn Henry Stevens sold 15,000 shares of the company'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 directly owns 77,964 shares of the company's stock, valued at $9,185,718.48. This represents a 16.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 11.70% of the company's stock.

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Institutional Trading of StoneX Group

A number of hedge funds have recently added to or reduced their stakes in the business. Summit Investment Advisors Inc. lifted its stake in StoneX Group by 4.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,895 shares of the company's stock worth $284,000 after acquiring an additional 119 shares during the period. Illinois Municipal Retirement Fund lifted its stake in StoneX Group by 0.9% in the fourth quarter. Illinois Municipal Retirement Fund now owns 15,232 shares of the company's stock worth $1,492,000 after acquiring an additional 132 shares during the period. Hohimer Wealth Management LLC lifted its stake in StoneX Group by 2.1% in the third quarter. Hohimer Wealth Management LLC now owns 6,778 shares of the company's stock worth $555,000 after acquiring an additional 137 shares during the period. Freedom Investment Management Inc. lifted its stake in StoneX Group by 2.3% in the third quarter. Freedom Investment Management Inc. now owns 7,051 shares of the company's stock worth $577,000 after acquiring an additional 160 shares during the period. Finally, Focus Partners Wealth lifted its stake in StoneX Group by 2.1% in the fourth quarter. Focus Partners Wealth now owns 8,109 shares of the company's stock worth $794,000 after acquiring an additional 164 shares during the period. 75.93% of the stock is owned by hedge funds and other institutional investors.

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.