Mark Lowry Maurer Sells 1,658 Shares of INTL FCStone Inc. (INTL) Stock
INTL FCStone Inc. (NASDAQ:INTL) CEO Mark Lowry Maurer sold 1,658 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $35.57, for a total transaction of $58,975.06. Following the completion of the sale, the chief executive officer now owns 6,596 shares of the company’s stock, valued at approximately $234,619.72. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
INTL FCStone Inc. (NASDAQ INTL) opened at 35.49 on Friday. The stock has a market cap of $664.34 million, a P/E ratio of 14.32 and a beta of 1.65. INTL FCStone Inc. has a 1-year low of $33.45 and a 1-year high of $44.71. The company has a 50-day moving average of $37.50 and a 200 day moving average of $37.02.
INTL FCStone (NASDAQ:INTL) last posted its earnings results on Tuesday, August 8th. The financial services provider reported $0.66 EPS for the quarter, missing the Zacks’ consensus estimate of $1.04 by $0.38. INTL FCStone had a net margin of 0.24% and a return on equity of 9.50%. The company had revenue of $197.60 million during the quarter. Analysts predict that INTL FCStone Inc. will post $3.25 EPS for the current year.
INTL FCStone announced that its board has authorized a share buyback program on Monday, August 21st that permits the company to buyback 1,000,000 outstanding shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.
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Separately, BidaskClub downgraded shares of INTL FCStone from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th.
Several hedge funds have recently added to or reduced their stakes in the company. AJO LP raised its stake in INTL FCStone by 18.6% in the second quarter. AJO LP now owns 172,461 shares of the financial services provider’s stock worth $6,512,000 after buying an additional 27,029 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of INTL FCStone by 13.5% in the second quarter. Alliancebernstein L.P. now owns 19,310 shares of the financial services provider’s stock valued at $729,000 after buying an additional 2,300 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of INTL FCStone by 17.4% in the second quarter. Wells Fargo & Company MN now owns 40,955 shares of the financial services provider’s stock valued at $1,547,000 after buying an additional 6,065 shares in the last quarter. Prudential Financial Inc. raised its position in shares of 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 buying an additional 45,731 shares in the last quarter. Finally, Virginia Retirement Systems ET AL raised its position in shares of INTL FCStone by 6.5% in the second quarter. Virginia Retirement Systems ET AL now owns 36,300 shares of the financial services provider’s stock valued at $1,371,000 after buying an additional 2,200 shares in the last quarter. Hedge funds and other institutional investors own 65.28% 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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