StoneX Group Inc. (NASDAQ:SNEX) Position Boosted by Principal Financial Group Inc.

Principal Financial Group Inc. raised its position in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 56.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 245,147 shares of the company's stock after acquiring an additional 88,627 shares during the period. Principal Financial Group Inc. owned approximately 0.51% of StoneX Group worth $18,724,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC purchased a new position in StoneX Group in the 4th quarter worth approximately $75,000. Charles Schwab Investment Management Inc. boosted its stake in shares of StoneX Group by 4.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 282,909 shares of the company's stock valued at $27,717,000 after purchasing an additional 12,855 shares during the period. Atria Investments Inc grew its holdings in StoneX Group by 11.1% during the 4th quarter. Atria Investments Inc now owns 9,016 shares of the company's stock valued at $883,000 after purchasing an additional 904 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in StoneX Group during the 4th quarter worth $10,276,000. Finally, Amundi increased its stake in StoneX Group by 187.1% during the 4th quarter. Amundi now owns 14,298 shares of the company's stock worth $1,461,000 after buying an additional 9,317 shares during the period. 75.93% of the stock is currently owned by institutional investors and hedge funds.

StoneX Group Stock Up 2.5%

Shares of SNEX traded up $2.27 during midday trading on Monday, hitting $93.71. The company had a trading volume of 391,934 shares, compared to its average volume of 309,446. The stock has a market cap of $4.58 billion, a price-to-earnings ratio of 15.87 and a beta of 0.54. The company's 50 day moving average price is $88.28 and its 200 day moving average price is $80.57. The company has a quick ratio of 1.35, a current ratio of 1.91 and a debt-to-equity ratio of 1.09. StoneX Group Inc. has a 52 week low of $47.69 and a 52 week high of $99.08.

StoneX Group (NASDAQ:SNEX - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The company reported $1.41 EPS for the quarter, topping analysts' consensus estimates of $1.32 by $0.09. StoneX Group had a net margin of 0.24% and a return on equity of 17.03%. The firm had revenue of $956.00 million during the quarter, compared to the consensus estimate of $907.30 million. On average, equities research analysts predict that StoneX Group Inc. will post 8.7 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, William Blair initiated coverage on StoneX Group in a research note on Wednesday, March 26th. They set an "outperform" rating for the company.

Insider Buying and Selling at StoneX Group

In other StoneX Group news, Chairman Sean Michael Oconnor sold 34,083 shares of the firm's stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $89.63, for a total value of $3,054,859.29. Following the sale, the chairman directly owned 1,023,084 shares in the company, valued at approximately $91,699,018.92. This trade represents a 3.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Abigail H. Perkins sold 16,098 shares of the business's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $85.04, for a total transaction of $1,368,973.92. Following the transaction, the insider directly owned 31,076 shares of the company's stock, valued at approximately $2,642,703.04. This trade represents a 34.12% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 165,262 shares of company stock worth $14,146,806. Insiders own 11.70% 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.