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

Shares of StoneX Group Inc. (NASDAQ:SNEX) are going to split on the morning of Monday, March 24th. The 3-2 split was announced on Wednesday, February 5th. The newly minted shares will be distributed to shareholders after the closing bell on Friday, March 21st.

StoneX Group Stock Up 3.4 %

Shares of StoneX Group stock opened at $110.90 on Friday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.77 and a quick ratio of 1.29. StoneX Group has a 1 year low of $64.03 and a 1 year high of $128.23. The firm’s 50-day moving average is $112.48 and its two-hundred day moving average is $98.72. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of 13.25 and a beta of 0.77.

StoneX Group (NASDAQ:SNEX) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $2.54 EPS for the quarter, beating 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%. As a group, research analysts expect that StoneX Group will post 8.7 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other StoneX Group news, insider Glenn Henry Stevens sold 15,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $117.82, for a total value of $1,767,300.00. Following the transaction, the insider now owns 77,964 shares of the company’s stock, valued at $9,185,718.48. This represents a 16.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 11.70% of the stock is currently owned by corporate insiders.

Institutional Trading of StoneX Group

Several hedge funds have recently made changes to their positions in SNEX. Kestra Investment Management LLC acquired a new stake in StoneX Group in the fourth quarter valued at approximately $31,000. Huntington National Bank grew its position in shares of 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 during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of StoneX Group by 250.8% during 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 acquired a new stake in shares of StoneX Group during the fourth quarter worth $75,000. Finally, KBC Group NV lifted 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 worth $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.