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

Shares of StoneX Group Inc. (NASDAQ:SNEX) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $138.47 and last traded at $135.73, with a volume of 2271368 shares traded. The stock had previously closed at $130.69.

StoneX Group News Roundup

Here are the key news stories impacting StoneX Group this week:

• Positive Sentiment: StoneX recently hit a new 12-month high and has been trading with strong volume, suggesting investor demand remains elevated after its sharp run. StoneX Group (NASDAQ:SNEX) Hits New 12-Month High – Should You Buy?
• Positive Sentiment: The company’s last earnings report beat EPS expectations, and recent analyst coverage continues to point to support from scale, acquisitions, AI trading tools, and global expansion. Is SNEX Stock Worth Buying After Its Sharp Run and Richer Valuation?
• Neutral Sentiment: StoneX announced a 3-for-2 stock split scheduled for July 20, which may improve liquidity and trading interest, but does not change the company’s underlying value. StoneX Group insider trades page
• Negative Sentiment: Several insiders sold shares over the past few days, including Chairman Sean Michael O’Connor, CFO William Dunaway, President Charles M. Lyon, Director Annabelle Bexiga, and Mark Lowry Maurer. While some sales were under 10b5-1 plans, the cluster of insider selling may temper sentiment after the recent rally. SEC filing

Analysts Set New Price Targets

SNEX has been the topic of several research reports. Wall Street Zen raised StoneX Group from a “hold” rating to a “buy” rating in a report on Sunday, April 5th. William Blair reaffirmed an “outperform” rating on shares of StoneX Group in a report on Monday, March 9th. Zacks Research raised StoneX Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of StoneX Group in a report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $122.00.

StoneX Group Stock Up 0.6%

The company has a 50 day simple moving average of $111.40 and a two-hundred day simple moving average of $107.03. The company has a quick ratio of 1.33, a current ratio of 1.74 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $10.51 billion, a P/E ratio of 23.70 and a beta of 0.64.

StoneX Group’s stock is scheduled to split before the market opens on Monday, July 20th. The 3-2 split was announced on Tuesday, May 26th. The newly created shares will be payable to shareholders after the closing bell on Friday, July 17th.

StoneX Group (NASDAQ:SNEX) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $2.07 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.47. StoneX Group had a return on equity of 19.31% and a net margin of 0.30%.The company had revenue of $826.40 million for the quarter, compared to analysts’ expectations of $1.37 billion. As a group, equities analysts predict that StoneX Group Inc. will post 6 EPS for the current year.

Insider Activity at StoneX Group

In other news, CFO William J. Dunaway sold 63,602 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $131.16, for a total transaction of $8,342,038.32. Following the transaction, the chief financial officer owned 294,359 shares of the company’s stock, valued at approximately $38,608,126.44. This represents a 17.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Annabelle G. Bexiga sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $133.36, for a total value of $200,040.00. Following the transaction, the director directly owned 20,188 shares in the company, valued at approximately $2,692,271.68. This represents a 6.92% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 712,479 shares of company stock valued at $84,428,969 over the last ninety days. 11.79% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SNEX. Cassaday & Co Wealth Management LLC bought a new position in shares of StoneX Group during the first quarter valued at approximately $34,000. Sterling Capital Management LLC grew its stake in shares of StoneX Group by 48.8% during the first quarter. Sterling Capital Management LLC now owns 476 shares of the company’s stock valued at $38,000 after buying an additional 156 shares during the last quarter. Transamerica Financial Advisors LLC grew its stake in shares of StoneX Group by 183.0% during the fourth quarter. Transamerica Financial Advisors LLC now owns 433 shares of the company’s stock valued at $41,000 after buying an additional 280 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of StoneX Group during the fourth quarter valued at approximately $50,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of StoneX Group by 167.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 534 shares of the company’s stock valued at $51,000 after buying an additional 334 shares during the last quarter. Institutional investors 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.