Cubist Systematic Strategies LLC Takes Position in StoneX Group Inc. (NASDAQ:SNEX)

Cubist Systematic Strategies LLC acquired a new stake in StoneX Group Inc. (NASDAQ:SNEX - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 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.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kestra Investment Management LLC purchased a new stake in shares of StoneX Group during the fourth quarter worth approximately $31,000. Smartleaf Asset Management LLC increased its position 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 in the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in shares of StoneX Group during the fourth quarter worth approximately $75,000. KBC Group NV increased its position 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 in the last quarter. Finally, USA Financial Formulas purchased a new stake in StoneX Group in the 4th quarter valued at $129,000. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, William Blair started coverage on StoneX Group in a report on Wednesday, March 26th. They issued an "outperform" rating for the company.

StoneX Group Trading Down 1.2%

Shares of NASDAQ SNEX traded down $1.04 during mid-day trading on Thursday, reaching $86.58. 250,253 shares of the company's stock were exchanged, compared to its average volume of 284,315. The firm has a market capitalization of $4.24 billion, a price-to-earnings ratio of 10.34 and a beta of 0.63. 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. The company's 50-day moving average is $80.40 and its 200-day moving average is $73.75.

StoneX Group (NASDAQ:SNEX - Get Free Report) last posted its quarterly earnings results on Wednesday, May 14th. The company reported $1.41 earnings per share (EPS) for the quarter, beating 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 company had revenue of $956.00 million for the quarter, compared to analyst estimates of $907.30 million. Analysts expect that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.

Insider Transactions at StoneX Group

In related news, Director John Moore Fowler sold 1,125 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $87.75, for a total transaction of $98,718.75. Following the transaction, the director now owns 116,735 shares in the company, valued at $10,243,496.25. This trade represents a 0.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Glenn Henry Stevens sold 22,500 shares of StoneX Group stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $78.55, for a total value of $1,767,300.00. Following the completion of the transaction, the insider now owns 116,946 shares in the company, valued at $9,185,718.48. This trade represents a 16.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 122,582 shares of company stock valued at $10,164,313. Corporate insiders own 11.70% of the company's stock.

StoneX Group 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.