StoneX Group (NASDAQ:SNEX) Reaches New 1-Year High on Analyst Upgrade
by Scott Moore · The Cerbat GemStoneX Group Inc. (NASDAQ:SNEX – Get Free Report) hit a new 52-week high on Tuesday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The stock traded as high as $107.93 and last traded at $107.3810, with a volume of 98147 shares. The stock had previously closed at $105.88.
Several other equities research analysts also recently weighed in on the company. William Blair restated an “outperform” rating on shares of StoneX Group in a report on Monday, March 9th. Jefferies Financial Group increased their price objective on StoneX Group from $99.00 to $122.00 and gave the company a “buy” rating in a report on Monday, February 2nd. Weiss Ratings upgraded StoneX Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. Finally, Wall Street Zen upgraded StoneX Group from a “hold” rating to a “buy” rating in a report on Sunday, April 5th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $122.00.
Get Our Latest Stock Analysis on SNEX
Insiders Place Their Bets
In other news, insider Mark Lowry Maurer sold 40,000 shares of the stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $124.88, for a total value of $4,995,200.00. Following the transaction, the insider owned 90,331 shares in the company, valued at approximately $11,280,535.28. This represents a 30.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Abigail H. Perkins sold 8,000 shares of the stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $126.72, for a total value of $1,013,760.00. Following the completion of the transaction, the insider owned 48,259 shares in the company, valued at approximately $6,115,380.48. The trade was a 14.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 151,550 shares of company stock worth $17,888,228. 11.79% of the stock is currently owned by company insiders.
Trending Headlines about StoneX Group
Here are the key news stories impacting StoneX Group this week:
- Positive Sentiment: Q2 earnings beat and strong operating revenue — StoneX reported EPS of $2.07, ahead of consensus, and announced record quarterly net operating revenues (about $829M, up ~70%), which supports earnings momentum and valuation re-rating. StoneX Q2 results press release
- Positive Sentiment: Analyst upgrade and positive momentum screens — Zacks upgraded SNEX to a stronger rating and highlighted the stock’s recent price strength, which can drive buy-side interest and short-term momentum. Zacks upgrade
- Positive Sentiment: Investor engagement event — The Benchmark Company (a StoneX subsidiary) is hosting its 4th Annual Consumer One‑on‑One conference in NYC, providing a forum for management to meet institutional investors and potentially widen the buyer base. Benchmark conference announcement
- Neutral Sentiment: Company provided transcript, slide deck and conference call — Availability of the earnings transcript and slide deck increases transparency for investors evaluating forward guidance and segment performance. Earnings transcript
- Neutral Sentiment: Insider sale disclosed — A director sold 1,050 shares under a pre-arranged 10b5-1 plan; given the plan disclosure and continued large insider holdings, this trade is not an obvious signal of weakening fundamentals. Insider sale filing
- Negative Sentiment: Revenue vs. some street estimates — while the company reported record operating revenues, some summaries show top-line results below certain analyst revenue expectations, which could temper upside if investors focus on revenue vs. higher consensus figures. MarketBeat earnings summary
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Beacon Harbor Wealth Advisors Inc. purchased a new position in StoneX Group during the 3rd quarter worth approximately $5,944,000. Commonwealth Equity Services LLC grew its stake in shares of StoneX Group by 1,708.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 72,823 shares of the company’s stock valued at $7,349,000 after purchasing an additional 68,796 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of StoneX Group by 551.6% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 31,724 shares of the company’s stock valued at $3,202,000 after purchasing an additional 26,855 shares during the last quarter. Hiddenite Capital Partners LP grew its stake in shares of StoneX Group by 81.4% in the 3rd quarter. Hiddenite Capital Partners LP now owns 88,926 shares of the company’s stock valued at $8,974,000 after purchasing an additional 39,915 shares during the last quarter. Finally, Axecap Investments LLC purchased a new position in shares of StoneX Group in the 3rd quarter valued at approximately $1,251,000. Hedge funds and other institutional investors own 75.93% of the company’s stock.
StoneX Group Stock Performance
The company has a debt-to-equity ratio of 1.34, a current ratio of 1.80 and a quick ratio of 1.34. The stock has a market capitalization of $9.51 billion, a PE ratio of 21.60 and a beta of 0.64. The stock has a 50 day moving average of $101.63 and a two-hundred day moving average of $101.58.
StoneX Group (NASDAQ:SNEX – Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $2.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.47. StoneX Group had a return on equity of 20.17% 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. Research analysts expect that StoneX Group Inc. will post 5.8 EPS for the current fiscal year.
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.