StoneX Group (NASDAQ:SNEX) Hits New 1-Year High - Time to Buy?

Key Points

• StoneX hit a new 52-week high, trading as high as $100.05 (last $99.37) with the stock up about 7% and a market cap near $7.82 billion.
• Analysts are generally bullish: three Buy ratings and one Hold produce a consensus "Moderate Buy" and a consensus price target of $122 (Jefferies raised its target to $122).
• Results and insider activity are mixed: the company beat EPS estimates ($2.50 vs. $2.06) but missed revenue ($724M vs. $1.24B), and insiders have sold roughly 120,125 shares (~$15M) in the past 90 days.

StoneX Group Inc. (NASDAQ:SNEX - Get Free Report)'s share price reached a new 52-week high on Tuesday . The stock traded as high as $100.05 and last traded at $99.37, with a volume of 1166250 shares trading hands. The stock had previously closed at $92.90.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Wall Street Zen raised shares of StoneX Group from a "hold" rating to a "buy" rating in a research report on Sunday, April 5th. Weiss Ratings raised shares of StoneX Group from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, February 23rd. Zacks Research lowered shares of StoneX Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 6th. Jefferies Financial Group lifted their price target on shares of StoneX Group from $99.00 to $122.00 and gave the company a "buy" rating in a research report on Monday, February 2nd. Finally, William Blair reaffirmed an "outperform" rating on shares of StoneX Group in a research report on Monday, March 9th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $122.00.

StoneX Group Stock Up 7.0%

The business has a 50-day moving average of $107.37 and a 200-day moving average of $100.90. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.34 and a current ratio of 1.80. The stock has a market capitalization of $7.82 billion, a price-to-earnings ratio of 22.25 and a beta of 0.42.

StoneX Group (NASDAQ:SNEX - Get Free Report) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $2.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.06 by $0.44. The firm had revenue of $724.00 million during the quarter, compared to the consensus estimate of $1.24 billion. StoneX Group had a return on equity of 16.43% and a net margin of 0.25%. On average, sell-side analysts expect that StoneX Group Inc. will post 8.7 EPS for the current year.

Insider Activity

In related news, President Charles M. Lyon sold 30,000 shares of the firm's stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $124.78, for a total transaction of $3,743,400.00. Following the completion of the sale, the president directly owned 150,330 shares of the company's stock, valued at approximately $18,758,177.40. This trade represents a 16.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mark Lowry Maurer sold 40,000 shares of the firm's stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $124.88, for a total value of $4,995,200.00. Following the sale, the insider directly owned 90,331 shares of the company's stock, valued at $11,280,535.28. The trade was a 30.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 120,125 shares of company stock worth $14,983,688. 11.79% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On StoneX Group

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in StoneX Group by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 4,031,545 shares of the company's stock valued at $383,521,000 after acquiring an additional 11,240 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in StoneX Group by 18.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,851,468 shares of the company's stock valued at $271,261,000 after acquiring an additional 439,771 shares in the last quarter. State Street Corp grew its position in StoneX Group by 0.3% in the 4th quarter. State Street Corp now owns 1,829,897 shares of the company's stock valued at $174,078,000 after acquiring an additional 6,220 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its position in StoneX Group by 24.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,499,292 shares of the company's stock valued at $142,628,000 after acquiring an additional 294,203 shares in the last quarter. Finally, AltraVue Capital LLC grew its position in StoneX Group by 0.9% in the 3rd quarter. AltraVue Capital LLC now owns 1,313,712 shares of the company's stock valued at $132,580,000 after acquiring an additional 11,740 shares in the last quarter. 75.93% of the stock is owned by institutional investors and hedge funds.

StoneX Group Company Profile

StoneX Group Inc NASDAQ: SNEX is a global financial services firm offering execution, risk management, advisory and post-trade solutions across commodities, currencies, securities and digital assets. The company serves commercial businesses, institutional clients and financial intermediaries, providing market access and tailored services designed to help clients manage price risk, optimize working capital and execute complex transactions.

StoneX operates through several core segments.

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