Prudential Financial Inc. Has $10.16 Million Stake in INTL FCStone Inc. (INTL)
Prudential Financial Inc. grew its position in INTL FCStone Inc. (NASDAQ:INTL) by 20.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 269,162 shares of the financial services provider’s stock after acquiring an additional 45,731 shares during the period. Prudential Financial Inc. owned about 1.44% of INTL FCStone worth $10,163,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Schwab Charles Investment Management Inc. grew 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 valued at $2,337,000 after acquiring an additional 342 shares during the period. Russell Investments Group Ltd. grew 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 valued at $2,275,000 after acquiring an additional 51,057 shares during the period. Municipal Employees Retirement System of Michigan grew 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 valued at $1,790,000 after acquiring an additional 44,090 shares during the period. Virginia Retirement Systems ET AL grew its position in shares of INTL FCStone by 6.5% in the 2nd 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 during the period. Finally, Rhumbline Advisers grew its position in shares of INTL FCStone by 0.5% in the 2nd quarter. Rhumbline Advisers now owns 36,009 shares of the financial services provider’s stock valued at $1,360,000 after acquiring an additional 194 shares during the period. 65.28% of the stock is owned by institutional investors.
In other INTL FCStone news, CEO Mark Lowry Maurer sold 1,658 shares of the stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $35.57, for a total transaction of $58,975.06. Following the completion of the transaction, the chief executive officer now owns 6,596 shares in the company, valued at $234,619.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 20.66% of the stock is owned by company insiders.
Separately, BidaskClub downgraded shares of INTL FCStone from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th.
INTL FCStone Inc. (NASDAQ INTL) opened at 35.82 on Wednesday. INTL FCStone Inc. has a 12 month low of $33.11 and a 12 month high of $44.71. The company has a market cap of $670.51 million, a P/E ratio of 14.45 and a beta of 1.69. The stock has a 50 day moving average of $36.94 and a 200-day moving average of $36.92.
INTL FCStone (NASDAQ:INTL) last issued its earnings results on Tuesday, August 8th. The financial services provider reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.38). The business had revenue of $197.60 million for the quarter. INTL FCStone had a return on equity of 9.50% and a net margin of 0.24%. Equities research analysts expect that INTL FCStone Inc. will post $3.25 EPS for the current year.
INTL FCStone declared that its Board of Directors has authorized a share repurchase program on Monday, August 21st that allows the company to buyback 1,000,000 shares. This buyback authorization allows the financial services provider to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
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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