Principal Financial Group Inc. Acquires 14,784 Shares of StoneX Group Inc. (NASDAQ:SNEX)

Principal Financial Group Inc. grew its holdings in shares of StoneX Group Inc. (NASDAQ:SNEX) by 11.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 149,442 shares of the company’s stock after buying an additional 14,784 shares during the period. Principal Financial Group Inc. owned 0.47% of StoneX Group worth $12,236,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Quest Partners LLC boosted its holdings in shares of StoneX Group by 9,133.3% during the 2nd quarter. Quest Partners LLC now owns 554 shares of the company’s stock valued at $42,000 after buying an additional 548 shares in the last quarter. nVerses Capital LLC purchased a new position in shares of StoneX Group in the 2nd quarter worth about $68,000. Cadent Capital Advisors LLC purchased a new position in shares of StoneX Group in the 3rd quarter worth about $212,000. Evergreen Capital Management LLC purchased a new position in shares of StoneX Group in the 2nd quarter worth about $201,000. Finally, Atomi Financial Group Inc. purchased a new position in shares of StoneX Group in the 3rd quarter worth about $227,000. Institutional investors own 75.93% of the company’s stock.

Insider Transactions at StoneX Group

In other StoneX Group news, CEO Sean Michael Oconnor sold 37,500 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $98.42, for a total value of $3,690,750.00. Following the completion of the transaction, the chief executive officer now owns 506,994 shares of the company’s stock, valued at approximately $49,898,349.48. The trade was a 6.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 16.24% of the stock is owned by insiders.

StoneX Group Price Performance

SNEX opened at $97.27 on Friday. The stock has a 50-day moving average price of $86.65 and a 200-day moving average price of $80.23. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.64 and a quick ratio of 1.20. The firm has a market cap of $3.09 billion, a PE ratio of 13.49 and a beta of 0.75. StoneX Group Inc. has a 1 year low of $59.07 and a 1 year high of $101.61.

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.