State of Tennessee Treasury Department Continues to Hold Holdings in INTL FCStone Inc. (INTL)
State of Tennessee Treasury Department continued to hold its stake in shares of INTL FCStone Inc. (NASDAQ:INTL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,474 shares of the financial services provider’s stock at the end of the 2nd quarter. State of Tennessee Treasury Department owned about 0.08% of INTL FCStone worth $547,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of INTL. Russell Investments Group Ltd. grew its position 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 in the last quarter. Prudential Financial Inc. grew its position 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 in the last quarter. Municipal Employees Retirement System of Michigan grew its position in INTL FCStone by 1,324.0% in the second quarter. Municipal Employees Retirement System of Michigan now owns 47,420 shares of the financial services provider’s stock valued at $1,790,000 after acquiring an additional 44,090 shares in the last quarter. Legal & General Group Plc grew its position in INTL FCStone by 9.0% in the second quarter. Legal & General Group Plc now owns 27,210 shares of the financial services provider’s stock valued at $1,028,000 after acquiring an additional 2,258 shares in the last quarter. Finally, Virginia Retirement Systems ET AL grew its position in 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 acquiring an additional 2,200 shares in the last quarter. 65.28% of the stock is owned by institutional investors.
Shares of INTL FCStone Inc. (NASDAQ:INTL) opened at 38.32 on Friday. The firm has a market cap of $717.31 million, a P/E ratio of 15.46 and a beta of 1.69. The firm has a 50-day moving average of $36.38 and a 200 day moving average of $36.80. INTL FCStone Inc. has a 12 month low of $33.11 and a 12 month high of $44.71.
INTL FCStone (NASDAQ:INTL) last posted its earnings results on Tuesday, August 8th. The financial services provider reported $0.66 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.04 by ($0.38). INTL FCStone had a return on equity of 9.50% and a net margin of 0.24%. The company had revenue of $197.60 million during the quarter. On average, equities research analysts anticipate that INTL FCStone Inc. will post $3.25 EPS for the current fiscal year.
INTL FCStone announced that its board has authorized a stock buyback program on Monday, August 21st that authorizes the company to repurchase 1,000,000 shares. This repurchase authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its shares are undervalued.
Separately, BidaskClub downgraded shares of INTL FCStone from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th.
In related news, CEO Mark Lowry Maurer sold 1,658 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $35.57, for a total value of $58,975.06. Following the completion of the sale, the chief executive officer now directly owns 6,596 shares in the company, valued at approximately $234,619.72. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 20.66% of the stock is currently owned by insiders.
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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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