StoneX Group (NASDAQ:SNEX) Reaches New 52-Week High – Here’s Why

Shares of StoneX Group Inc. (NASDAQ:SNEX) reached a new 52-week high on Tuesday . The company traded as high as $106.98 and last traded at $107.43, with a volume of 10435 shares. The stock had previously closed at $105.01.

StoneX Group Stock Performance

The company has a current ratio of 1.81, a quick ratio of 1.30 and a debt-to-equity ratio of 1.26. The company’s 50-day moving average is $101.08 and its two-hundred day moving average is $89.29. The stock has a market capitalization of $3.47 billion, a P/E ratio of 13.64 and a beta of 0.77.

Insider Activity

In other StoneX Group news, CEO Sean Michael Oconnor sold 37,500 shares of StoneX Group stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $98.42, for a total transaction of $3,690,750.00. Following the sale, the chief executive officer now owns 506,994 shares of the company’s stock, valued at $49,898,349.48. The trade was a 6.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John Moore Fowler sold 1,800 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $100.14, for a total value of $180,252.00. Following the completion of the transaction, the director now directly owns 81,375 shares of the company’s stock, valued at approximately $8,148,892.50. The trade was a 2.16 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 16.24% of the company’s stock.

Hedge Funds Weigh In On StoneX Group

Several large investors have recently bought and sold shares of SNEX. Jane Street Group LLC increased its stake in shares of StoneX Group by 72.2% during the third quarter. Jane Street Group LLC now owns 23,621 shares of the company’s stock valued at $1,934,000 after acquiring an additional 9,900 shares during the period. International Assets Investment Management LLC increased its position in shares of StoneX Group by 8,088.0% during the 3rd quarter. International Assets Investment Management LLC now owns 24,564 shares of the company’s stock valued at $2,011,000 after purchasing an additional 24,264 shares during the period. Foundry Partners LLC acquired a new position in shares of StoneX Group during the 3rd quarter valued at $5,348,000. Principal Financial Group Inc. raised its stake in shares of StoneX Group by 11.0% in the 3rd quarter. Principal Financial Group Inc. now owns 149,442 shares of the company’s stock worth $12,236,000 after buying an additional 14,784 shares in the last quarter. Finally, Royce & Associates LP boosted its stake in StoneX Group by 38.6% during the third quarter. Royce & Associates LP now owns 154,744 shares of the company’s stock valued at $12,670,000 after buying an additional 43,126 shares in the last quarter. Institutional investors and hedge funds 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.