Cubist Systematic Strategies LLC Makes New $2.13 Million Investment in StoneX Group Inc. (NASDAQ:SNEX)

Cubist Systematic Strategies LLC purchased a new stake in StoneX Group Inc. (NASDAQ:SNEX) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 21,692 shares of the company’s stock, valued at approximately $2,125,000. Cubist Systematic Strategies LLC owned approximately 0.07% of StoneX Group at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SNEX. Cetera Investment Advisers raised its position in shares of StoneX Group by 23.6% during the 4th quarter. Cetera Investment Advisers now owns 5,696 shares of the company’s stock worth $558,000 after purchasing an additional 1,089 shares during the last quarter. BOKF NA acquired a new position in shares of StoneX Group in the fourth quarter worth $595,000. Bridgeway Capital Management LLC acquired a new position in shares of StoneX Group in the fourth quarter worth $4,918,000. BNP Paribas Financial Markets purchased a new stake in shares of StoneX Group in the fourth quarter valued at $9,520,000. Finally, Algert Global LLC boosted its stake in shares of StoneX Group by 27.6% during the fourth quarter. Algert Global LLC now owns 11,978 shares of the company’s stock valued at $1,173,000 after acquiring an additional 2,589 shares during the last quarter. 75.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, William Blair began coverage on shares of StoneX Group in a research report on Wednesday, March 26th. They set an “outperform” rating on the stock.

StoneX Group Price Performance

Shares of NASDAQ:SNEX opened at $88.63 on Monday. The company has a market cap of $4.27 billion, a P/E ratio of 10.59 and a beta of 0.63. The business has a fifty day simple moving average of $79.80 and a 200-day simple moving average of $73.33. StoneX Group Inc. has a 52 week low of $46.43 and a 52 week high of $97.17. The company has a quick ratio of 1.29, a current ratio of 1.77 and a debt-to-equity ratio of 1.33.

StoneX Group (NASDAQ:SNEX) last issued its quarterly earnings results on Wednesday, May 14th. The company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.09. StoneX Group had a return on equity of 16.83% and a net margin of 0.26%. The firm had revenue of $956.00 million for the quarter, compared to analyst estimates of $907.30 million. Equities research analysts forecast that StoneX Group Inc. will post 8.7 EPS for the current year.

Insider Buying and Selling

In other StoneX Group news, CEO Philip Andrew Smith sold 7,457 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $93.26, for a total transaction of $695,439.82. Following the transaction, the chief executive officer now owns 335,254 shares of the company’s stock, valued at $31,265,788.04. This trade represents a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Glenn Henry Stevens sold 22,500 shares of StoneX Group stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $78.55, for a total transaction of $1,767,300.00. Following the completion of the transaction, the insider now owns 116,946 shares in the company, valued at approximately $9,185,718.48. This trade represents a 16.14% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 121,457 shares of company stock valued at $10,065,594. Insiders own 11.70% 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.