Cubist Systematic Strategies LLC Has $2.19 Million Holdings in StoneX Group Inc. (NASDAQ:SNEX)

Cubist Systematic Strategies LLC lifted its stake in shares of StoneX Group Inc. (NASDAQ:SNEX) by 59.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,102 shares of the company’s stock after acquiring an additional 10,797 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.09% of StoneX Group worth $2,192,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in SNEX. FinTrust Capital Advisors LLC lifted its stake in StoneX Group by 50.0% in the 4th quarter. FinTrust Capital Advisors LLC now owns 450 shares of the company’s stock valued at $33,000 after acquiring an additional 150 shares in the last quarter. SummerHaven Investment Management LLC raised its holdings in shares of StoneX Group by 1.6% in the second quarter. SummerHaven Investment Management LLC now owns 12,699 shares of the company’s stock valued at $956,000 after purchasing an additional 199 shares during the last quarter. Arizona State Retirement System lifted its position in shares of StoneX Group by 3.0% in the second quarter. Arizona State Retirement System now owns 7,949 shares of the company’s stock worth $599,000 after purchasing an additional 234 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in StoneX Group by 2.2% during the second quarter. Louisiana State Employees Retirement System now owns 13,700 shares of the company’s stock worth $1,032,000 after purchasing an additional 300 shares during the last quarter. Finally, Millington Financial Advisors LLC boosted its holdings in StoneX Group by 1.5% during the second quarter. Millington Financial Advisors LLC now owns 21,860 shares of the company’s stock worth $1,646,000 after purchasing an additional 331 shares during the last quarter. 75.93% of the stock is currently owned by institutional investors and hedge funds.

StoneX Group Stock Down 0.1 %

Shares of SNEX stock opened at $81.88 on Tuesday. The firm’s fifty day moving average price is $80.24 and its two-hundred day moving average price is $75.26. The company has a current ratio of 1.64, a quick ratio of 1.20 and a debt-to-equity ratio of 1.04. StoneX Group Inc. has a 1 year low of $57.46 and a 1 year high of $84.92. The firm has a market capitalization of $2.60 billion, a P/E ratio of 10.92 and a beta of 0.76.

StoneX Group (NASDAQ:SNEX) last released its earnings results on Tuesday, August 6th. The company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.13. StoneX Group had a return on equity of 15.89% and a net margin of 0.27%. The business had revenue of $913.70 million for the quarter, compared to the consensus estimate of $817.80 million. On average, equities analysts predict that StoneX Group Inc. will post 7.45 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Philip Andrew Smith sold 4,000 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $75.89, for a total value of $303,560.00. Following the completion of the transaction, the chief executive officer now directly owns 221,898 shares of the company’s stock, valued at $16,839,839.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director John Moore Fowler sold 400 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $79.26, for a total value of $31,704.00. Following the completion of the sale, the director now directly owns 2,000 shares of the company’s stock, valued at $158,520. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Philip Andrew Smith sold 4,000 shares of StoneX Group stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $75.89, for a total value of $303,560.00. Following the transaction, the chief executive officer now owns 221,898 shares of the company’s stock, valued at $16,839,839.22. The disclosure for this sale can be found here. Insiders have sold 12,491 shares of company stock valued at $982,544 in the last 90 days. 16.24% of the stock is currently owned by insiders.

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.