StoneX Group (NASDAQ:SNEX) Sets New 52-Week High - Still a Buy?

Key Points

• Sahres of StoneX Group Inc. reached a new 52-week high at $99.39, closing slightly lower at $99.32 on strong trading volume.
• The company reported $1.41 earnings per share, exceeding analyst estimates, with quarterly revenue of $956 million against a forecast of $907.3 million.
• Insider activity includes Chairman John Radziwill acquiring 1,400 shares for $119,000, while CEO Philip Andrew Smith sold 7,500 shares valued at approximately $627,600.

Shares of StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) hit a new 52-week high on Monday . The company traded as high as $99.39 and last traded at $99.32, with a volume of 64756 shares changing hands. The stock had previously closed at $96.96.

StoneX Group Price Performance

The stock has a 50 day moving average of $90.06 and a two-hundred day moving average of $83.25. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.35 and a current ratio of 1.91. The firm has a market capitalization of $4.79 billion, a P/E ratio of 16.58 and a beta of 0.57.

StoneX Group (NASDAQ:SNEX - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.09. The company 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%. Sell-side analysts predict that StoneX Group Inc. will post 8.7 earnings per share for the current fiscal year.

Insider Transactions at StoneX Group

In related news, Chairman John Radziwill acquired 1,400 shares of the company's stock in a transaction that occurred 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 acquisition, the chairman owned 100,240 shares of the company's stock, valued at $8,520,400. This trade represents a 1.42% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Philip Andrew Smith sold 7,500 shares of the business's stock in a transaction dated Tuesday, June 10th. The shares were 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 directly owned 327,754 shares of the company's stock, valued at approximately $27,426,454.72. The trade was a 2.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 75,305 shares of company stock worth $6,474,552. 11.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Ridgewood Investments LLC lifted its holdings in StoneX Group by 50.0% during the 1st quarter. Ridgewood Investments LLC now owns 450 shares of the company's stock worth $34,000 after purchasing an additional 150 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in StoneX Group by 1,272.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 453 shares of the company's stock worth $41,000 after purchasing an additional 420 shares in the last quarter. Simplex Trading LLC purchased a new position in shares of StoneX Group in the 1st quarter worth approximately $47,000. GAMMA Investing LLC boosted its stake in shares of StoneX Group by 92.7% in the 1st quarter. GAMMA Investing LLC now owns 742 shares of the company's stock worth $57,000 after buying an additional 357 shares during the last quarter. Finally, IFP Advisors Inc boosted its stake in shares of StoneX Group by 74,100.0% in the 1st quarter. IFP Advisors Inc now owns 742 shares of the company's stock worth $57,000 after buying an additional 741 shares during the last quarter. 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.

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