StoneX Group (NASDAQ:SNEX) Trading Down 2.4% – Should You Sell?

StoneX Group Inc. (NASDAQ:SNEX) shares fell 2.4% on Monday . The stock traded as low as $74.50 and last traded at $76.32. 80,904 shares changed hands during trading, a decline of 65% from the average session volume of 231,872 shares. The stock had previously closed at $78.22.

StoneX Group Stock Performance

The company has a market capitalization of $2.52 billion, a PE ratio of 9.38 and a beta of 0.77. The company has a current ratio of 1.77, a quick ratio of 1.29 and a debt-to-equity ratio of 1.33. The business’s fifty day moving average is $75.99 and its two-hundred day moving average is $66.72.

StoneX Group (NASDAQ:SNEX) last posted its earnings results on Wednesday, February 5th. The company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.26. StoneX Group had a return on equity of 16.83% and a net margin of 0.26%. Equities research analysts predict that StoneX Group Inc. will post 8.7 earnings per share for the current year.

Insider Transactions at StoneX Group

In other news, insider Glenn Henry Stevens sold 22,500 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $78.55, for a total transaction of $1,767,300.00. Following the sale, the insider now directly owns 116,946 shares in the company, valued at $9,185,718.48. This trade represents a 16.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 11.70% of the company’s stock.

Hedge Funds Weigh In On StoneX Group

Several large investors have recently made changes to their positions in SNEX. Tidal Investments LLC bought a new stake in StoneX Group during the 4th quarter valued at approximately $16,557,000. JPMorgan Chase & Co. increased its holdings in StoneX Group by 104.3% in the 4th quarter. JPMorgan Chase & Co. now owns 329,287 shares of the company’s stock valued at $32,260,000 after acquiring an additional 168,098 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of StoneX Group by 17.7% during the 4th quarter. American Century Companies Inc. now owns 1,014,231 shares of the company’s stock valued at $99,364,000 after purchasing an additional 152,847 shares during the last quarter. Norges Bank purchased a new position in shares of StoneX Group during the fourth quarter valued at about $10,551,000. Finally, Raymond James Financial Inc. bought a new stake in shares of StoneX Group in the fourth quarter worth about $10,276,000. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

About StoneX Group

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.