StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as $98.16 and last traded at $96.25, with a volume of 40513 shares trading hands. The stock had previously closed at $95.96.
Wall Street Analysts Forecast Growth
Separately, William Blair initiated coverage on shares of StoneX Group in a research note on Wednesday, March 26th. They set an "outperform" rating for the company.
Read Our Latest Report on StoneX Group
StoneX Group Stock Performance
The stock's 50-day moving average is $87.98 and its 200-day moving average is $79.67. The stock has a market cap of $4.68 billion, a price-to-earnings ratio of 16.17 and a beta of 0.54. The company has a current ratio of 1.91, a quick ratio of 1.35 and a debt-to-equity ratio of 1.09.
StoneX Group (NASDAQ:SNEX - Get Free Report) last posted its earnings results on Wednesday, May 14th. The company reported $1.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.32 by $0.09. The firm had revenue of $956.00 million during the quarter, compared to the consensus estimate of $907.30 million. StoneX Group had a net margin of 0.24% and a return on equity of 17.03%. On average, analysts expect that StoneX Group Inc. will post 8.7 EPS for the current year.
Insider Activity
In other StoneX Group news, CEO Philip Andrew Smith sold 7,500 shares of the company's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $83.68, for a total value of $627,600.00. Following the completion of the transaction, the chief executive officer owned 327,754 shares in the company, valued at $27,426,454.72. This represents a 2.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Charles M. Lyon sold 13,000 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $86.92, for a total value of $1,129,960.00. Following the completion of the transaction, the president owned 122,080 shares of the company's stock, valued at approximately $10,611,193.60. This represents a 9.62% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 165,262 shares of company stock worth $14,146,806. Insiders own 11.70% of the company's stock.
Hedge Funds Weigh In On StoneX Group
Institutional investors and hedge funds have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC purchased a new position in StoneX Group in the 1st quarter worth approximately $251,000. Wealth Enhancement Advisory Services LLC boosted its holdings in StoneX Group by 51.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,622 shares of the company's stock worth $582,000 after acquiring an additional 2,598 shares during the period. Illinois Municipal Retirement Fund boosted its stake in shares of StoneX Group by 55.1% during the 1st quarter. Illinois Municipal Retirement Fund now owns 23,622 shares of the company's stock valued at $1,804,000 after buying an additional 8,390 shares during the last quarter. Yousif Capital Management LLC boosted its stake in shares of StoneX Group by 49.8% during the 1st quarter. Yousif Capital Management LLC now owns 16,045 shares of the company's stock valued at $1,226,000 after buying an additional 5,335 shares during the last quarter. Finally, Bessemer Group Inc. boosted its stake in shares of StoneX Group by 283.1% during the 1st quarter. Bessemer Group Inc. now owns 6,567 shares of the company's stock valued at $502,000 after buying an additional 4,853 shares during the last quarter. Hedge funds and other institutional investors own 75.93% of the company's stock.
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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