StoneX Group (NASDAQ:SNEX) Sets New 12-Month High at $102.38

Shares of StoneX Group Inc. (NASDAQ:SNEXGet Rating) hit a new 52-week high during trading on Tuesday . The stock traded as high as $102.38 and last traded at $102.38, with a volume of 213 shares trading hands. The stock had previously closed at $96.57.

Analyst Ratings Changes

Separately, TheStreet downgraded shares of StoneX Group from a “b” rating to a “c+” rating in a research report on Friday, August 5th.

StoneX Group Stock Performance

The business’s fifty day moving average price is $89.26 and its 200-day moving average price is $84.41. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.09 and a current ratio of 1.41. The stock has a market cap of $2.03 billion, a PE ratio of 10.02 and a beta of 0.98.

Insider Activity

In other news, CEO Sean Michael Oconnor sold 18,600 shares of the firm’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $101.34, for a total transaction of $1,884,924.00. Following the sale, the chief executive officer now owns 331,659 shares of the company’s stock, valued at approximately $33,610,323.06. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 15.98% of the company’s stock.

Hedge Funds Weigh In On StoneX Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. B. Riley Wealth Advisors Inc. purchased a new position in shares of StoneX Group in the third quarter worth approximately $583,000. Teachers Retirement System of The State of Kentucky purchased a new position in shares of StoneX Group in the third quarter worth approximately $479,000. BNP Paribas Arbitrage SNC purchased a new position in shares of StoneX Group in the third quarter worth approximately $1,186,000. State Street Corp boosted its holdings in shares of StoneX Group by 0.9% in the third quarter. State Street Corp now owns 636,961 shares of the company’s stock worth $52,830,000 after buying an additional 5,376 shares during the last quarter. Finally, Algert Global LLC boosted its holdings in shares of StoneX Group by 78.2% in the third quarter. Algert Global LLC now owns 39,507 shares of the company’s stock worth $3,277,000 after buying an additional 17,342 shares during the last quarter. Hedge funds and other institutional investors own 75.85% of the company’s stock.

About StoneX Group

(Get Rating)

StoneX Group Inc operates as a global financial services network that connects companies, organizations, traders, and investors to market ecosystem worldwide. Its 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.

Further Reading

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