StoneX Group (NASDAQ:SNEX) Hits New 12-Month High - Should You Buy?

Shares of StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) hit a new 52-week high on Tuesday . The stock traded as high as $88.84 and last traded at $87.75, with a volume of 464580 shares trading hands. The stock had previously closed at $87.61.

Analyst Upgrades and Downgrades

Separately, William Blair assumed coverage on shares of StoneX Group in a research note on Wednesday, March 26th. They set an "outperform" rating for the company.

StoneX Group Stock Performance

The stock's 50 day moving average price is $78.28 and its 200 day moving average price is $71.48. The company has a current ratio of 1.77, a quick ratio of 1.29 and a debt-to-equity ratio of 1.33. The company has a market cap of $4.33 billion, a price-to-earnings ratio of 10.75 and a beta of 0.65.

StoneX Group (NASDAQ:SNEX - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $1.69 EPS for the quarter, beating analysts' consensus estimates of $1.43 by $0.26. StoneX Group had a net margin of 0.26% and a return on equity of 16.83%. On average, analysts expect that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.

Insider Transactions at StoneX Group

In related news, Chairman Sean Michael Oconnor sold 34,083 shares of the business's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $89.63, for a total transaction of $3,054,859.29. Following the completion of the sale, the chairman now owns 1,023,084 shares of the company's stock, valued at $91,699,018.92. This represents a 3.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Glenn Henry Stevens sold 22,500 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $78.55, for a total transaction of $1,767,300.00. Following the sale, the insider now directly owns 116,946 shares of the company's stock, valued at approximately $9,185,718.48. This represents a 16.14 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 114,000 shares of company stock worth $9,370,154. 11.70% of the stock is currently owned by company insiders.

Institutional Trading of StoneX Group

A number of institutional investors have recently made changes to their positions in SNEX. Kestra Investment Management LLC acquired a new stake in StoneX Group during the fourth quarter valued at approximately $31,000. GAMMA Investing LLC increased its stake in shares of StoneX Group by 92.7% in the first quarter. GAMMA Investing LLC now owns 742 shares of the company's stock worth $57,000 after acquiring an additional 357 shares during the last quarter. CWM LLC boosted its position in StoneX Group by 78.4% during the first quarter. CWM LLC now owns 808 shares of the company's stock valued at $62,000 after purchasing an additional 355 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in StoneX Group by 250.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 656 shares of the company's stock valued at $64,000 after purchasing an additional 469 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC acquired a new stake in StoneX Group during the fourth quarter valued at $75,000. 75.93% of the stock is 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.