StoneX Group (NASDAQ:SNEX) Sets New 12-Month High - Here's What Happened

Key Points

• StoneX Group Inc. (NASDAQ:SNEX) reached a new 52-week high of $101.03 during trading, closing at $100.79 with a trading volume of 45,485 shares.
• Zacks Research upgraded StoneX Group to a "strong-buy" rating, with analysts noting an overall average rating of "Strong Buy."
• The company reported $1.22 earnings per share (EPS) for the last quarter, missing estimates, but generated revenue of $1.02 billion, exceeding consensus expectations of $923.10 million.

StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $101.03 and last traded at $100.79, with a volume of 45485 shares. The stock had previously closed at $99.23.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of StoneX Group to a "strong-buy" rating in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. Based on data from MarketBeat.com, StoneX Group currently has an average rating of "Strong Buy".

StoneX Group Stock Up 1.8%

The company has a current ratio of 2.08, a quick ratio of 1.48 and a debt-to-equity ratio of 1.30. The firm has a market cap of $5.27 billion, a PE ratio of 17.18 and a beta of 0.57. The business's 50-day simple moving average is $92.91 and its 200 day simple moving average is $85.55.

StoneX Group (NASDAQ:SNEX - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $1.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.17). StoneX Group had a net margin of 0.23% and a return on equity of 16.20%. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $923.10 million. As a group, equities research analysts expect that StoneX Group Inc. will post 8.7 earnings per share for the current year.

Insider Buying and Selling

In other news, Chairman John Radziwill acquired 1,400 shares of the firm's stock in a transaction on Thursday, June 12th. The stock was acquired at an average price of $85.00 per share, for a total transaction of $119,000.00. Following the completion of the transaction, the chairman owned 100,240 shares in the company, valued at approximately $8,520,400. The trade was a 1.42% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Abigail H. Perkins sold 10,470 shares of StoneX Group stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $86.22, for a total transaction of $902,723.40. Following the completion of the sale, the insider owned 43,913 shares in the company, valued at approximately $3,786,178.86. This trade represents a 19.25% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 45,305 shares of company stock valued at $3,859,233 over the last quarter. 11.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Sequoia Financial Advisors LLC acquired a new position in StoneX Group during the first quarter worth $251,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of StoneX Group by 51.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,622 shares of the company's stock valued at $582,000 after purchasing an additional 2,598 shares during the period. Crossmark Global Holdings Inc. boosted its holdings in StoneX Group by 49.7% during the first quarter. Crossmark Global Holdings Inc. now owns 3,351 shares of the company's stock worth $256,000 after buying an additional 1,112 shares in the last quarter. Illinois Municipal Retirement Fund grew its position in StoneX Group by 55.1% during the first quarter. Illinois Municipal Retirement Fund now owns 23,622 shares of the company's stock worth $1,804,000 after buying an additional 8,390 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in StoneX Group by 47.2% in the first quarter. Bank of New York Mellon Corp now owns 287,633 shares of the company's stock valued at $21,969,000 after buying an additional 92,293 shares in the last quarter. Hedge funds and other institutional investors own 75.93% of the company's stock.

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.

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