StoneX Group Inc. (NASDAQ: SNEX) Announces Stock Split and Acquisition of The Benchmark Company

StoneX Group Inc. (NASDAQ: SNEX) is a leading financial services company that offers a comprehensive range of services, including trading, risk management, and market intelligence. Competing with other financial service providers, StoneX aims to expand its market presence and enhance its service offerings.

On March 24, 2025, SNEX will undergo a stock split, where shareholders will receive 3 shares for every 2 shares they currently hold. This strategic move aims to make the shares more accessible to a broader range of investors by reducing the price per share. Currently, SNEX is priced at $110.90, with a recent price increase of $3.63, or 3.38%.

In addition to the stock split, StoneX has announced its acquisition of The Benchmark Company, LLC. This acquisition is expected to significantly enhance StoneX's capabilities in the equity and debt capital markets. The Benchmark Company, known for its strong sales and trading platform, award-winning equity research, and experienced investment banking team, will now operate under StoneX's umbrella.

The acquisition is expected to bolster StoneX's offerings in equity research and investment banking. Jacob Rappaport, Global Head of Equities at StoneX, emphasized that this move establishes a franchise-level platform for the company. The Benchmark Company will continue to operate under the leadership of its Founder and CEO, Richard Messina, ensuring continuity and expertise.

StoneX's market capitalization is approximately $3.56 billion, with a trading volume of 152,088 shares. The stock has fluctuated between a low of $108.17 and a high of $110.91 today. Over the past year, SNEX has seen a high of $128.23 and a low of $64.03, reflecting its dynamic market performance.