StoneX Group Inc. (NASDAQ:SNEX) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its position in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 11.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 reporting period.

Several other hedge funds have also modified their holdings of the company. State of Alaska Department of Revenue boosted its position in shares of StoneX Group by 0.9% in the 3rd quarter. State of Alaska Department of Revenue now owns 16,146 shares of the company's stock worth $1,322,000 after purchasing an additional 145 shares in the last quarter. SummerHaven Investment Management LLC boosted its holdings in StoneX Group by 1.6% in the second quarter. SummerHaven Investment Management LLC now owns 12,699 shares of the company's stock worth $956,000 after acquiring an additional 199 shares in the last quarter. Arizona State Retirement System grew its stake in shares of StoneX Group by 3.0% during the second quarter. Arizona State Retirement System now owns 7,949 shares of the company's stock worth $599,000 after acquiring an additional 234 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in StoneX Group by 2.2% in the 2nd 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 in the last quarter. Finally, Millington Financial Advisors LLC grew its position in StoneX Group by 1.5% during the 2nd 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 owned by hedge funds and other institutional investors.

StoneX Group Stock Performance

SNEX traded up $1.46 on Friday, reaching $97.27. 142,989 shares of the stock were exchanged, compared to its average volume of 190,062. The company's 50-day moving average price is $86.65 and its 200 day moving average price is $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 capitalization of $3.09 billion, a PE ratio of 13.48 and a beta of 0.75. StoneX Group Inc. has a fifty-two week low of $59.07 and a fifty-two week high of $101.61.

Insider Activity

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 sale, the chief executive officer now directly owns 506,994 shares in the company, valued at approximately $49,898,349.48. The trade was a 6.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 16.24% of the company's stock.

About StoneX Group

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.