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

Principal Financial Group Inc. lifted its holdings in shares of StoneX Group Inc. (NASDAQ:SNEX) by 11.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 149,442 shares of the company’s stock after acquiring an additional 14,784 shares during the period. Principal Financial Group Inc.’s holdings in StoneX Group were worth $12,236,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Jane Street Group LLC increased its stake in shares of StoneX Group by 72.2% in the 3rd quarter. Jane Street Group LLC now owns 23,621 shares of the company’s stock valued at $1,934,000 after acquiring an additional 9,900 shares during the last quarter. International Assets Investment Management LLC grew its holdings in StoneX Group by 8,088.0% during the third quarter. International Assets Investment Management LLC now owns 24,564 shares of the company’s stock valued at $2,011,000 after purchasing an additional 24,264 shares during the period. Foundry Partners LLC bought a new stake in StoneX Group in the third quarter valued at approximately $5,348,000. Royce & Associates LP raised its holdings in StoneX Group by 38.6% in the third quarter. Royce & Associates LP now owns 154,744 shares of the company’s stock worth $12,670,000 after purchasing an additional 43,126 shares during the period. Finally, FMR LLC boosted its position in shares of StoneX Group by 4.3% during the third quarter. FMR LLC now owns 149,368 shares of the company’s stock worth $12,230,000 after purchasing an additional 6,121 shares in the last quarter. 75.93% of the stock is owned by institutional investors.

Insider Transactions at StoneX Group

In other news, Director John Moore Fowler sold 1,800 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $100.14, for a total value of $180,252.00. Following the sale, the director now directly owns 81,375 shares in the company, valued at $8,148,892.50. The trade was a 2.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Sean Michael Oconnor sold 37,500 shares of the company’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 transaction, the chief executive officer now directly owns 506,994 shares of the company’s stock, valued at $49,898,349.48. This represents a 6.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 16.24% of the stock is currently owned by insiders.

StoneX Group Price Performance

SNEX opened at $99.12 on Monday. The company has a fifty day simple moving average of $97.25 and a 200 day simple moving average of $85.74. The company has a quick ratio of 1.30, a current ratio of 1.81 and a debt-to-equity ratio of 1.26. The stock has a market cap of $3.16 billion, a P/E ratio of 12.45 and a beta of 0.78. StoneX Group Inc. has a 12 month low of $61.68 and a 12 month high of $106.77.

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.