INTL FCStone (INTL) Rating Lowered to Hold at BidaskClub
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.
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.
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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