StoneX Group Stock Set to Split on Monday, March 24th (NASDAQ:SNEX)

Shares of StoneX Group Inc. (NASDAQ:SNEX) are scheduled to split on the morning of Monday, March 24th. The 3-2 split was announced on Wednesday, February 5th. The newly issued shares will be payable to shareholders after the closing bell on Friday, March 21st.

StoneX Group Stock Up 5.6 %

Shares of SNEX opened at $119.83 on Thursday. StoneX Group has a 52 week low of $64.03 and a 52 week high of $128.23. The company has a quick ratio of 1.29, a current ratio of 1.77 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $3.84 billion, a price-to-earnings ratio of 14.32 and a beta of 0.77. The stock’s 50-day moving average price is $113.30 and its 200-day moving average price is $99.42.

StoneX Group (NASDAQ:SNEX) last released its quarterly earnings results on Wednesday, February 5th. The company reported $2.54 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.39. StoneX Group had a return on equity of 16.83% and a net margin of 0.26%. On average, sell-side analysts predict that StoneX Group will post 8.7 EPS for the current year.

Insider Buying and Selling at StoneX Group

In other StoneX Group news, insider Glenn Henry Stevens sold 15,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $117.82, for a total transaction of $1,767,300.00. Following the completion of the transaction, the insider now owns 77,964 shares of the company’s stock, valued at $9,185,718.48. This represents a 16.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 11.70% of the company’s stock.

Hedge Funds Weigh In On StoneX Group

A number of hedge funds have recently made changes to their positions in SNEX. Atria Investments Inc increased its holdings in shares of StoneX Group by 20.2% in the third quarter. Atria Investments Inc now owns 8,112 shares of the company’s stock valued at $664,000 after purchasing an additional 1,362 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of StoneX Group in the third quarter valued at approximately $248,000. Victory Capital Management Inc. increased its holdings in shares of StoneX Group by 2.7% in the third quarter. Victory Capital Management Inc. now owns 12,834 shares of the company’s stock valued at $1,051,000 after purchasing an additional 342 shares during the last quarter. Natixis Advisors LLC increased its holdings in shares of StoneX Group by 6.1% in the third quarter. Natixis Advisors LLC now owns 14,224 shares of the company’s stock valued at $1,165,000 after purchasing an additional 816 shares during the last quarter. Finally, Quest Partners LLC increased its holdings in shares of StoneX Group by 1,187.7% in the third quarter. Quest Partners LLC now owns 7,134 shares of the company’s stock valued at $584,000 after purchasing an additional 6,580 shares during 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.