StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $98.16 and last traded at $96.25, with a volume of 40513 shares changing hands. The stock had previously closed at $95.96.
Wall Street Analysts Forecast Growth
Separately, William Blair assumed coverage on StoneX Group in a research note on Wednesday, March 26th. They issued an "outperform" rating on the stock.
Check Out Our Latest Research Report on SNEX
StoneX Group Stock Performance
The company has a 50 day moving average price of $88.25 and a 200-day moving average price of $80.19. The company has a current ratio of 1.91, a quick ratio of 1.35 and a debt-to-equity ratio of 1.09. The company has a market cap of $4.47 billion, a P/E ratio of 15.49 and a beta of 0.54.
StoneX Group (NASDAQ:SNEX - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The company reported $1.41 earnings per share for the quarter, topping analysts' consensus estimates of $1.32 by $0.09. The business had revenue of $956.00 million for the quarter, compared to analyst estimates of $907.30 million. StoneX Group had a return on equity of 17.03% and a net margin of 0.24%. On average, equities analysts expect that StoneX Group Inc. will post 8.7 earnings per share for the current fiscal year.
Insider Buying and Selling at StoneX Group
In related news, President Charles M. Lyon sold 13,000 shares of the business's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $86.92, for a total transaction of $1,129,960.00. Following the sale, the president owned 122,080 shares in the company, valued at $10,611,193.60. The trade was a 9.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John Moore Fowler sold 1,125 shares of the business's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $87.75, for a total value of $98,718.75. Following the sale, the director owned 116,735 shares in the company, valued at $10,243,496.25. This represents a 0.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 165,262 shares of company stock worth $14,146,806 over the last three months. 11.70% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of SNEX. Ridgewood Investments LLC lifted its stake in shares of StoneX Group by 50.0% in the 1st quarter. Ridgewood Investments LLC now owns 450 shares of the company's stock valued at $34,000 after purchasing an additional 150 shares during the period. Simplex Trading LLC bought a new stake in StoneX Group during the 1st quarter worth approximately $47,000. GAMMA Investing LLC increased its holdings in StoneX Group by 92.7% during the 1st quarter. GAMMA Investing LLC now owns 742 shares of the company's stock worth $57,000 after purchasing an additional 357 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of StoneX Group by 74,100.0% in the first quarter. IFP Advisors Inc now owns 742 shares of the company's stock valued at $57,000 after acquiring an additional 741 shares in the last quarter. Finally, CWM LLC grew its holdings in shares of StoneX Group by 78.4% in the first quarter. CWM LLC now owns 808 shares of the company's stock valued at $62,000 after acquiring an additional 355 shares in the last quarter. 75.93% of the stock is owned by institutional investors and hedge funds.
StoneX Group Company Profile
(
Get Free Report)
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.
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