StoneX Group (NASDAQ:SNEX) Sets New 12-Month High - Time to Buy?

Key Points

• StoneX Group shares hit a new 52-week high, trading as high as $107.93 (last $107.38) with intraday volume around 98,147 and the stock sitting above its 50- and 200-day moving averages.
• Analysts are broadly positive — the consensus is a Moderate Buy with an average price target of $122, and several firms (Jefferies, Weiss, Wall Street Zen) have recently upgraded or reaffirmed buy ratings.
• The company beat quarterly EPS expectations ($2.50 vs. $2.06) but missed revenue estimates ($724M vs. $1.24B), and insiders sold about 150,500 shares (approximately $17.8M) in the last quarter.

StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $107.93 and last traded at $107.3810, with a volume of 98147 shares trading hands. The stock had previously closed at $105.88.

Analyst Upgrades and Downgrades

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

StoneX Group Trading Up 2.4%

The company has a debt-to-equity ratio of 1.34, a current ratio of 1.80 and a quick ratio of 1.34. The stock has a market capitalization of $8.54 billion, a price-to-earnings ratio of 24.24 and a beta of 0.64. The business has a 50 day simple moving average of $102.54 and a 200-day simple moving average of $101.36.

StoneX Group (NASDAQ:SNEX - Get Free Report) last posted its earnings results on Wednesday, February 4th. The company reported $2.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.06 by $0.44. StoneX Group had a return on equity of 16.43% and a net margin of 0.25%.The firm had revenue of $724.00 million during the quarter, compared to analysts' expectations of $1.24 billion. As a group, equities analysts expect that StoneX Group Inc. will post 5.8 earnings per share for the current year.

Insider Transactions at StoneX Group

In other StoneX Group news, Chairman Sean Michael Oconnor sold 40,000 shares of the business's stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $124.95, for a total value of $4,998,000.00. Following the completion of the transaction, the chairman directly owned 854,127 shares of the company's stock, valued at approximately $106,723,168.65. The trade was a 4.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark Lowry Maurer sold 40,000 shares of the business's stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $124.88, for a total value of $4,995,200.00. Following the completion of the transaction, the insider directly owned 90,331 shares of the company's stock, valued at approximately $11,280,535.28. The trade was a 30.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 150,500 shares of company stock valued at $17,776,665. Insiders own 11.79% of the company's stock.

Institutional Trading of StoneX Group

A number of institutional investors have recently modified their holdings of the company. Choreo LLC lifted its holdings in shares of StoneX Group by 4.5% in the fourth quarter. Choreo LLC now owns 2,764 shares of the company's stock valued at $270,000 after purchasing an additional 118 shares in the last quarter. Xponance Inc. lifted its holdings in shares of StoneX Group by 3.6% in the third quarter. Xponance Inc. now owns 3,624 shares of the company's stock valued at $366,000 after purchasing an additional 125 shares in the last quarter. Lido Advisors LLC lifted its holdings in shares of StoneX Group by 3.2% in the fourth quarter. Lido Advisors LLC now owns 4,050 shares of the company's stock valued at $403,000 after purchasing an additional 125 shares in the last quarter. Maryland State Retirement & Pension System lifted its holdings in shares of StoneX Group by 2.2% in the fourth quarter. Maryland State Retirement & Pension System now owns 6,818 shares of the company's stock valued at $649,000 after purchasing an additional 144 shares in the last quarter. Finally, Sterling Capital Management LLC lifted its holdings in shares of StoneX Group by 48.8% in the first quarter. Sterling Capital Management LLC now owns 476 shares of the company's stock valued at $38,000 after purchasing an additional 156 shares in the last quarter. 75.93% of the stock is currently owned by institutional investors.

About StoneX Group

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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