Rhumbline Advisers Has $1.36 Million Stake in INTL FCStone Inc. (INTL)
Rhumbline Advisers lifted its stake in INTL FCStone Inc. (NASDAQ:INTL) by 0.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,009 shares of the financial services provider’s stock after purchasing an additional 194 shares during the quarter. Rhumbline Advisers owned about 0.19% of INTL FCStone worth $1,360,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Russell Investments Group Ltd. boosted its position in shares of 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 in the last quarter. Steinberg Global Asset Management boosted its position in shares of INTL FCStone by 7.2% in the 2nd quarter. Steinberg Global Asset Management now owns 14,900 shares of the financial services provider’s stock worth $563,000 after purchasing an additional 1,000 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its position in shares of INTL FCStone by 1,324.0% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 47,420 shares of the financial services provider’s stock worth $1,790,000 after purchasing an additional 44,090 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of INTL FCStone by 0.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 61,886 shares of the financial services provider’s stock worth $2,337,000 after purchasing an additional 342 shares in the last quarter. Finally, Texas Permanent School Fund boosted its position in shares of INTL FCStone by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 11,010 shares of the financial services provider’s stock worth $416,000 after purchasing an additional 91 shares in the last quarter. 65.28% of the stock is currently owned by hedge funds and other institutional investors.
INTL FCStone Inc. (INTL) opened at 35.73 on Thursday. The company has a 50-day moving average price of $36.38 and a 200 day moving average price of $36.80. INTL FCStone Inc. has a 52-week low of $33.11 and a 52-week high of $44.71. The company has a market capitalization of $668.83 million, a PE ratio of 14.41 and a beta of 1.69.
INTL FCStone (NASDAQ:INTL) last issued its quarterly earnings data on Tuesday, August 8th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.04 by ($0.38). The business had revenue of $197.60 million for the quarter. INTL FCStone had a net margin of 0.24% and a return on equity of 9.50%. Equities research analysts anticipate that INTL FCStone Inc. will post $3.25 earnings per share for the current year.
INTL FCStone declared that its board has initiated a stock buyback program on Monday, August 21st that permits the company to repurchase 1,000,000 outstanding shares. This repurchase authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.
In related news, CEO Mark Lowry Maurer sold 1,658 shares of INTL FCStone stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $35.57, for a total transaction of $58,975.06. Following the transaction, the chief executive officer now directly owns 6,596 shares of the company’s stock, valued at $234,619.72. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 20.66% of the company’s stock.
Separately, BidaskClub cut INTL FCStone from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th.
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About INTL FCStone
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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