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

StoneX Group Inc. (NASDAQ:SNEX) shares are scheduled 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 market closes on Friday, March 21st.

StoneX Group Stock Performance

Shares of SNEX stock opened at $109.69 on Wednesday. The business’s 50-day moving average price is $111.94 and its 200-day moving average price is $98.26. StoneX Group has a 12 month low of $64.03 and a 12 month high of $128.23. The company has a current ratio of 1.77, a quick ratio of 1.29 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $3.52 billion, a price-to-earnings ratio of 13.11 and a beta of 0.77.

StoneX Group (NASDAQ:SNEX) last posted its earnings results on Wednesday, February 5th. The company reported $2.54 EPS for the quarter, topping the consensus estimate of $2.15 by $0.39. StoneX Group had a net margin of 0.26% and a return on equity of 16.83%. Equities research analysts forecast that StoneX Group will post 8.7 EPS for the current year.

Insider Activity at StoneX Group

In related news, insider Glenn Henry Stevens sold 15,000 shares of StoneX Group stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $117.82, for a total transaction of $1,767,300.00. Following the completion of the transaction, the insider now owns 77,964 shares of the company’s stock, valued at $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 available at the SEC website. 11.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On StoneX Group

Large investors have recently added to or reduced their stakes in the business. Kestra Investment Management LLC bought a new position in shares of StoneX Group during the 4th quarter worth approximately $31,000. Huntington National Bank boosted its stake in StoneX Group by 1,906.9% during the third quarter. Huntington National Bank now owns 582 shares of the company’s stock worth $48,000 after acquiring an additional 553 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in StoneX Group by 250.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 656 shares of the company’s stock worth $64,000 after purchasing an additional 469 shares during the period. Steward Partners Investment Advisory LLC bought a new stake in StoneX Group in the fourth quarter valued at $75,000. Finally, KBC Group NV raised its holdings in shares of StoneX Group by 39.0% during the fourth quarter. KBC Group NV now owns 1,309 shares of the company’s stock valued at $128,000 after purchasing an additional 367 shares during the period. Institutional investors and hedge funds own 75.93% of the company’s stock.

About StoneX Group

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.