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

Cubist Systematic Strategies LLC bought a new position in StoneX Group Inc. (NASDAQ:SNEX - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 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 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Cetera Investment Advisers lifted its position in StoneX Group by 23.6% in the 4th quarter. Cetera Investment Advisers now owns 5,696 shares of the company's stock worth $558,000 after buying an additional 1,089 shares in the last quarter. BOKF NA purchased a new stake in StoneX Group in the 4th quarter worth approximately $595,000. Bridgeway Capital Management LLC purchased a new stake in StoneX Group in the 4th quarter worth approximately $4,918,000. BNP Paribas Financial Markets purchased a new stake in StoneX Group in the 4th quarter worth approximately $9,520,000. Finally, Algert Global LLC lifted its position in StoneX Group by 27.6% in the 4th quarter. Algert Global LLC now owns 11,978 shares of the company's stock worth $1,173,000 after buying an additional 2,589 shares in the last quarter. Hedge funds and other institutional investors own 75.93% of the company's stock.

Insider Activity

In related news, CEO Philip Andrew Smith sold 40,553 shares of the firm's stock in a transaction on Thursday, April 17th. The shares were sold at an average price of $80.30, for a total value of $3,256,405.90. Following the transaction, the chief executive officer now directly owns 342,711 shares in the company, valued at approximately $27,519,693.30. This trade represents a 10.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John Moore Fowler sold 1,125 shares of the firm's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $87.75, for a total transaction of $98,718.75. Following the completion of the transaction, the director now owns 116,735 shares in the company, valued at $10,243,496.25. The trade was a 0.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 152,582 shares of company stock worth $12,788,913. 11.70% of the stock is owned by corporate insiders.

StoneX Group Stock Up 1.1%

Shares of StoneX Group stock traded up $0.94 during midday trading on Friday, reaching $87.52. 504,792 shares of the company's stock traded hands, compared to its average volume of 286,839. The company has a market cap of $4.28 billion, a price-to-earnings ratio of 10.46 and a beta of 0.63. The company's 50 day simple moving average is $80.98 and its 200 day simple moving average is $74.21. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.29 and a current ratio of 1.77. StoneX Group Inc. has a 52 week low of $46.43 and a 52 week high of $97.17.

StoneX Group (NASDAQ:SNEX - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The company reported $1.41 earnings per share for the quarter, beating analysts' consensus estimates of $1.32 by $0.09. The business had revenue of $956.00 million for the quarter, compared to the consensus estimate of $907.30 million. StoneX Group had a net margin of 0.26% and a return on equity of 16.83%. Equities analysts expect that StoneX Group Inc. will post 8.7 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, William Blair initiated coverage on shares of StoneX Group in a report on Wednesday, March 26th. They set an "outperform" rating on the 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.