Principal Financial Group Inc. Increases Stake in StoneX Group Inc. (NASDAQ:SNEX)

Principal Financial Group Inc. grew its stake in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 11.0% in the third quarter, according to the company in its most recent Form 13F filing with the 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 and hedge funds have also recently made changes to their positions in the company. Van Berkom & Associates Inc. raised its stake in shares of StoneX Group by 1.6% during the second quarter. Van Berkom & Associates Inc. now owns 1,415,432 shares of the company's stock valued at $106,596,000 after acquiring an additional 21,608 shares during the last quarter. State Street Corp increased its holdings in StoneX Group by 2.8% during the 3rd quarter. State Street Corp now owns 1,147,861 shares of the company's stock valued at $93,987,000 after purchasing an additional 31,681 shares during the period. American Century Companies Inc. raised its position in StoneX Group by 80.3% during the 2nd quarter. American Century Companies Inc. now owns 808,768 shares of the company's stock valued at $60,908,000 after purchasing an additional 360,164 shares during the last quarter. Geode Capital Management LLC lifted its holdings in StoneX Group by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 671,257 shares of the company's stock worth $54,973,000 after buying an additional 17,769 shares during the period. Finally, Rockefeller Capital Management L.P. grew its position in shares of StoneX Group by 6.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 623,182 shares of the company's stock worth $51,022,000 after buying an additional 37,808 shares during the last quarter. Institutional investors own 75.93% of the company's stock.

Insiders Place Their Bets

In other news, CEO Sean Michael Oconnor sold 37,500 shares of the stock in a transaction that occurred on 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. This represents a 6.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Moore Fowler sold 1,800 shares of StoneX Group stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $100.14, for a total value of $180,252.00. Following the sale, the director now owns 81,375 shares in the company, valued at $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 Trading Down 1.0 %

Shares of StoneX Group stock traded down $0.96 during midday trading on Monday, reaching $98.16. 95,013 shares of the company's stock traded hands, compared to its average volume of 137,714. The company has a market cap of $3.13 billion, a PE ratio of 12.33 and a beta of 0.78. The stock has a 50 day moving average of $97.25 and a 200-day moving average of $85.74. StoneX Group Inc. has a 12 month low of $61.68 and a 12 month high of $106.77. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.30 and a current ratio of 1.81.

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.