INTL FCStone (NASDAQ:INTL) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Friday.

INTL FCStone (NASDAQ:INTL) opened at $41.00 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.47 and a debt-to-equity ratio of 0.32. INTL FCStone has a 1 year low of $33.11 and a 1 year high of $44.91. The firm has a market cap of $786.68, a P/E ratio of 19.10 and a beta of 1.70.

INTL FCStone (NASDAQ:INTL) last posted its quarterly earnings data on Wednesday, December 13th. The financial services provider reported ($1.27) earnings per share for the quarter, missing the consensus estimate of $0.97 by ($2.24). INTL FCStone had a return on equity of 9.50% and a net margin of 0.24%. The company had revenue of $131.10 million during the quarter. During the same period in the previous year, the business earned $0.90 EPS.

INTL FCStone declared that its board has authorized a stock repurchase program on Monday, August 21st that authorizes the company to repurchase 1,000,000 shares. This repurchase authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

A number of hedge funds have recently bought and sold shares of INTL. Cove Street Capital LLC bought a new position in INTL FCStone in the 2nd quarter worth approximately $4,068,000. Jupiter Asset Management Ltd. bought a new position in INTL FCStone in the 3rd quarter worth approximately $3,163,000. Russell Investments Group Ltd. raised its position in INTL FCStone by 555.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 60,245 shares of the financial services provider’s stock worth $2,275,000 after purchasing an additional 51,057 shares during the last quarter. Prudential Financial Inc. raised its position in INTL FCStone by 20.5% in the 2nd quarter. Prudential Financial Inc. now owns 269,162 shares of the financial services provider’s stock worth $10,163,000 after purchasing an additional 45,731 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in INTL FCStone by 93.5% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 80,420 shares of the financial services provider’s stock worth $3,037,000 after purchasing an additional 38,870 shares during the last quarter. Hedge funds and other institutional investors 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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