StoneX Group Shares Set to Split on Monday, July 20th (NASDAQ:SNEX)

StoneX Group Inc. (NASDAQ:SNEX)’s stock is set to split on Monday, July 20th. The 3-2 split was announced on Tuesday, May 26th. The newly created shares will be distributed to shareholders after the closing bell on Friday, July 17th.

StoneX Group Price Performance

StoneX Group stock opened at $120.55 on Friday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.74 and a quick ratio of 1.33. The stock has a market capitalization of $9.55 billion, a price-to-earnings ratio of 21.54 and a beta of 0.65. StoneX Group has a 1-year low of $53.52 and a 1-year high of $141.99. The business has a fifty day moving average price of $118.81 and a 200-day moving average price of $110.02.

StoneX Group (NASDAQ:SNEX) last announced its earnings results 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 firm had revenue of $826.40 million for the quarter, compared to the consensus estimate of $1.37 billion. Equities research analysts forecast that StoneX Group will post 6 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other StoneX Group news, CFO William J. Dunaway sold 64,017 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $110.46, for a total value of $7,071,317.82. Following the sale, the chief financial officer owned 273,586 shares in the company, valued at approximately $30,220,309.56. This represents a 18.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Philip Andrew Smith sold 51,540 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $118.72, for a total transaction of $6,118,828.80. Following the sale, the chief executive officer directly owned 492,144 shares in the company, valued at $58,427,335.68. The trade was a 9.48% 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 have sold a total of 764,019 shares of company stock valued at $90,547,797 in the last ninety days. Insiders own 11.79% of the company’s stock.

Institutional Trading of StoneX Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cassaday & Co Wealth Management LLC purchased a new position in StoneX Group in the first quarter valued at $34,000. Transamerica Financial Advisors LLC boosted its stake in shares of StoneX Group by 183.0% during the 4th quarter. Transamerica Financial Advisors LLC now owns 433 shares of the company’s stock worth $41,000 after acquiring an additional 280 shares in the last quarter. Sterling Capital Management LLC grew its position in shares of StoneX Group by 48.7% during the 1st quarter. Sterling Capital Management LLC now owns 476 shares of the company’s stock valued at $38,000 after acquiring an additional 156 shares during the period. Basecamp Wealth Advisors LLC grew its position in shares of StoneX Group by 49.7% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 512 shares of the company’s stock valued at $41,000 after acquiring an additional 170 shares during the period. Finally, International Assets Investment Management LLC purchased a new position in shares of StoneX Group in the 4th quarter valued at about $50,000. 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.