StoneX Group Stock Scheduled to Split on Monday, March 24th (NASDAQ:SNEX)

StoneX Group Inc. (NASDAQ:SNEX)’s stock is set to split on the morning of Monday, March 24th. The 3-2 split was announced on Wednesday, February 5th. The newly issued shares will be issued to shareholders after the closing bell on Friday, March 21st.

StoneX Group Price Performance

Shares of SNEX stock opened at $114.96 on Friday. The stock has a 50-day moving average price of $111.52 and a 200 day moving average price of $97.60. The company has a quick ratio of 1.29, a current ratio of 1.77 and a debt-to-equity ratio of 1.33. The firm has a market cap of $3.69 billion, a price-to-earnings ratio of 13.73 and a beta of 0.77. StoneX Group has a 12 month low of $64.03 and a 12 month high of $128.23.

StoneX Group (NASDAQ:SNEX) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $2.54 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.39. StoneX Group had a return on equity of 16.83% and a net margin of 0.26%. Research analysts expect that StoneX Group will post 8.7 EPS for the current year.

Insiders Place Their Bets

In other StoneX Group news, insider Glenn Henry Stevens sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $117.82, for a total transaction of $1,767,300.00. Following the transaction, the insider now owns 77,964 shares in the company, valued at approximately $9,185,718.48. This trade represents a 16.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 11.70% of the company’s stock.

Hedge Funds Weigh In On StoneX Group

Several institutional investors have recently modified their holdings of SNEX. Kestra Investment Management LLC bought a new position in shares of StoneX Group during the 4th quarter valued at about $31,000. Huntington National Bank lifted its stake in StoneX Group by 1,906.9% in the 3rd quarter. Huntington National Bank now owns 582 shares of the company’s stock valued at $48,000 after acquiring an additional 553 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in StoneX Group by 250.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 656 shares of the company’s stock valued at $64,000 after acquiring an additional 469 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new stake in StoneX Group in the 4th quarter valued at approximately $75,000. Finally, KBC Group NV lifted its stake in StoneX Group by 39.0% in the 4th quarter. KBC Group NV now owns 1,309 shares of the company’s stock valued at $128,000 after acquiring an additional 367 shares in the last quarter. Institutional investors own 75.93% of the company’s stock.

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.