INTL FCStone (NASDAQ:INTL) was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

INTL FCStone (INTL) traded down $0.15 during trading on Thursday, hitting $43.04. The stock had a trading volume of 53,696 shares, compared to its average volume of 79,950. INTL FCStone has a one year low of $33.11 and a one year high of $44.91. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.47 and a quick ratio of 0.99. The firm has a market capitalization of $810.93, a P/E ratio of 19.17 and a beta of 1.70.

INTL FCStone announced that its Board of Directors has approved a stock buyback plan on Monday, August 21st that authorizes the company to repurchase 1,000,000 outstanding shares. This repurchase authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

A number of hedge funds have recently made changes to their positions in INTL. Cove Street Capital LLC bought a new stake in INTL FCStone in the second quarter valued at approximately $4,068,000. Jupiter Asset Management Ltd. bought a new stake in INTL FCStone in the third quarter valued at approximately $3,163,000. Russell Investments Group Ltd. boosted its holdings in INTL FCStone by 555.7% in the second quarter. Russell Investments Group Ltd. now owns 60,245 shares of the financial services provider’s stock valued at $2,275,000 after acquiring an additional 51,057 shares during the last quarter. Prudential Financial Inc. boosted its holdings in INTL FCStone by 20.5% in the second quarter. Prudential Financial Inc. now owns 269,162 shares of the financial services provider’s stock valued at $10,163,000 after acquiring an additional 45,731 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its holdings in INTL FCStone by 93.5% in the second quarter. Parametric Portfolio Associates LLC now owns 80,420 shares of the financial services provider’s stock valued at $3,037,000 after acquiring an additional 38,870 shares during the last quarter. Institutional investors and hedge funds own 65.13% of the company’s stock.

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INTL FCStone Company Profile

INTL Fcstone Inc is a financial services company. The Company provides financial products, and advisory and execution service. The Company operates through five segments: Commercial Hedging, Global Payments, Securities, Physical Commodities, and Clearing and Execution Services (CES). The Commercial Hedging segment serves its commercial clients through its team of risk management consultants.

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