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

Principal Financial Group Inc. boosted its position in StoneX Group Inc. (NASDAQ:SNEXGet Rating) by 160.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 294,249 shares of the company’s stock after buying an additional 181,112 shares during the period. Principal Financial Group Inc. owned approximately 1.45% of StoneX Group worth $22,973,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of StoneX Group by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 1,134,277 shares of the company’s stock valued at $84,197,000 after buying an additional 56,766 shares in the last quarter. Phase 2 Partners LLC purchased a new position in shares of StoneX Group during the 1st quarter valued at approximately $3,886,000. Mariner LLC purchased a new position in shares of StoneX Group during the 1st quarter valued at approximately $3,550,000. EAM Investors LLC purchased a new position in shares of StoneX Group during the 1st quarter valued at approximately $2,835,000. Finally, State of New Jersey Common Pension Fund D purchased a new position in shares of StoneX Group during the 2nd quarter valued at approximately $2,470,000. Hedge funds and other institutional investors own 75.85% of the company’s stock.

StoneX Group Stock Down 0.5 %

NASDAQ SNEX opened at $95.97 on Monday. The business has a fifty day moving average price of $88.79 and a 200 day moving average price of $84.05. StoneX Group Inc. has a one year low of $52.31 and a one year high of $99.00. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.09 and a current ratio of 1.41. The company has a market cap of $1.94 billion, a P/E ratio of 12.18 and a beta of 0.98.

Wall Street Analysts Forecast Growth

Separately, TheStreet lowered StoneX Group from a “b” rating to a “c+” rating in a research report on Friday, August 5th.

StoneX Group Profile

(Get Rating)

StoneX Group Inc operates as a global financial services network that connects companies, organizations, traders, and investors to market ecosystem worldwide. Its 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.

Further Reading

Institutional Ownership by Quarter for StoneX Group (NASDAQ:SNEX)

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