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

StoneX Group Inc. (NASDAQ:SNEX)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $93.80 and last traded at $93.80, with a volume of 9293 shares changing hands. The stock had previously closed at $91.36.

StoneX Group Price Performance

The stock has a fifty day moving average price of $83.97 and a 200-day moving average price of $78.80. The firm has a market capitalization of $3.14 billion, a PE ratio of 13.70 and a beta of 0.75. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.20 and a current ratio of 1.64.

StoneX Group (NASDAQ:SNEX) last announced its earnings results on Tuesday, August 6th. The company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.13. StoneX Group had a return on equity of 15.89% and a net margin of 0.27%. The firm had revenue of $913.70 million for the quarter, compared to the consensus estimate of $817.80 million. Sell-side analysts forecast that StoneX Group Inc. will post 7.75 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Susquehanna Fundamental Investments LLC purchased a new position in StoneX Group during the 1st quarter worth $1,052,000. Janus Henderson Group PLC grew its stake in StoneX Group by 341.9% during the 1st quarter. Janus Henderson Group PLC now owns 63,791 shares of the company’s stock worth $4,480,000 after buying an additional 49,355 shares during the last quarter. Vanguard Group Inc. grew its stake in StoneX Group by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 1,909,965 shares of the company’s stock worth $134,194,000 after buying an additional 34,112 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in StoneX Group by 21.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 328,751 shares of the company’s stock worth $24,758,000 after acquiring an additional 57,938 shares during the period. Finally, International Assets Investment Management LLC lifted its position in 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 worth $2,011,000 after acquiring an additional 24,264 shares during the period. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

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.