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StoneX Group Inc. (NASDAQ:SNEX), a $4.91 billion market cap financial services company that has delivered an impressive 71% return over the past year, announced Monday that its board of directors has authorized a new stock repurchase program for fiscal year 2026. According to a statement based on a Securities and Exchange Commission filing, the company may repurchase up to 2.25 million shares of its outstanding common stock.
The buyback authorization allows StoneX Group to conduct repurchases in open market transactions or private deals. The program will begin on October 1, 2025, and is set to conclude on September 30, 2026. The company stated that the timing and amount of any repurchases will be at the discretion of senior management, subject to market conditions and compliance with applicable securities laws and other legal or contractual requirements. According to InvestingPro, StoneX maintains a healthy financial position with a "GOOD" overall health score, though current analysis suggests the stock is trading slightly above its Fair Value.
The current repurchase program, approved by the board on August 28, 2024, allows for the repurchase of up to 1.5 million shares and will expire on September 30, 2025.
StoneX Group is a financial services company headquartered in New York and incorporated in Delaware. Its common stock is listed on the Nasdaq Stock Market under the symbol SNEX.
This information is based on a press release statement and a recent SEC filing.
In other recent news, Stonex Group Inc. reported its third-quarter earnings for 2025, showing mixed results. The company achieved revenue of $1.024 billion, surpassing the anticipated $927.85 million by 9.93%. However, the earnings per share (EPS) came in at $1.22, which was below the forecasted $1.41, resulting in a 13.48% negative surprise. Despite the revenue beat, the shortfall in EPS indicates a mixed financial performance for the quarter. These developments provide investors with important insights into the company’s current financial standing.
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