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

Principal Financial Group Inc. increased its position in StoneX Group Inc. (NASDAQ:SNEX) by 11.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 149,442 shares of the company’s stock after purchasing an additional 14,784 shares during the quarter. Principal Financial Group Inc. owned approximately 0.47% of StoneX Group worth $12,236,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its holdings in shares of StoneX Group by 1.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 222,168 shares of the company’s stock worth $16,731,000 after buying an additional 3,855 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in StoneX Group by 38.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,017 shares of the company’s stock worth $528,000 after acquiring an additional 1,944 shares in the last quarter. nVerses Capital LLC acquired a new position in StoneX Group during the second quarter worth $68,000. Natixis Advisors LLC lifted its holdings in shares of StoneX Group by 20.9% during the second quarter. Natixis Advisors LLC now owns 13,408 shares of the company’s stock valued at $1,010,000 after acquiring an additional 2,319 shares during the period. Finally, Convergence Investment Partners LLC bought a new stake in shares of StoneX Group in the 2nd quarter worth about $1,169,000. Institutional investors and hedge funds own 75.93% of the company’s stock.

StoneX Group Trading Down 1.3 %

Shares of StoneX Group stock opened at $99.12 on Monday. StoneX Group Inc. has a 12-month low of $61.68 and a 12-month high of $106.77. The stock has a market capitalization of $3.16 billion, a P/E ratio of 12.45 and a beta of 0.78. The company has a 50-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.

Insider Transactions at StoneX Group

In related news, CEO Sean Michael Oconnor sold 37,500 shares of StoneX Group 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 directly owns 506,994 shares of the company’s stock, valued at $49,898,349.48. The trade was a 6.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 transaction of $180,252.00. Following the completion of the transaction, the director now directly owns 81,375 shares of the company’s stock, valued at approximately $8,148,892.50. This represents a 2.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 16.24% 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.