StoneX Group (NASDAQ:SNEX) Hits New 1-Year High – Still a Buy?

StoneX Group Inc. (NASDAQ:SNEX)’s stock price reached a new 52-week high on Thursday . The company traded as high as $110.67 and last traded at $110.15, with a volume of 244365 shares changing hands. The stock had previously closed at $106.15.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SNEX. Weiss Ratings restated a “hold (c+)” rating on shares of StoneX Group in a research report on Monday, December 29th. Zacks Research lowered StoneX Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold”.

StoneX Group Price Performance

The company’s 50-day moving average is $96.06 and its 200-day moving average is $95.90. The firm has a market capitalization of $5.75 billion, a price-to-earnings ratio of 18.69 and a beta of 0.46. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.72 and a quick ratio of 1.35.

StoneX Group (NASDAQ:SNEX) last posted its quarterly earnings results on Monday, November 24th. The company reported $1.57 earnings per share for the quarter, missing analysts’ consensus estimates of $1.58 by ($0.01). The company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.04 billion. StoneX Group had a return on equity of 15.27% and a net margin of 0.23%.During the same period in the prior year, the business earned $2.32 EPS. On average, research analysts expect that StoneX Group Inc. will post 8.7 earnings per share for the current year.

Insider Buying and Selling

In other news, Chairman John Radziwill purchased 1,000 shares of the company’s stock in a transaction on Tuesday, December 16th. The stock was bought at an average cost of $97.25 per share, for a total transaction of $97,250.00. Following the completion of the purchase, the chairman directly owned 101,596 shares of the company’s stock, valued at $9,880,211. The trade was a 0.99% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John Moore Fowler sold 1,125 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $91.20, for a total value of $102,600.00. Following the completion of the transaction, the director owned 114,769 shares in the company, valued at approximately $10,466,932.80. This trade represents a 0.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 6,979 shares of company stock valued at $659,070. 11.70% of the stock is currently owned by company insiders.

Institutional Trading of StoneX Group

A number of institutional investors and hedge funds have recently bought and sold shares of SNEX. Milestone Asset Management LLC purchased a new position in StoneX Group in the 3rd quarter valued at about $1,885,000. Commonwealth Equity Services LLC increased its position in shares of StoneX Group by 1,708.4% during the third quarter. Commonwealth Equity Services LLC now owns 72,823 shares of the company’s stock worth $7,349,000 after acquiring an additional 68,796 shares during the last quarter. Orion Porfolio Solutions LLC acquired a new position in shares of StoneX Group in the second quarter worth about $1,972,000. Goldentree Asset Management LP purchased a new position in StoneX Group in the second quarter valued at about $32,482,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in StoneX Group by 11.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 157,033 shares of the company’s stock valued at $15,885,000 after purchasing an additional 16,400 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 (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.