INTL FCStone (NASDAQ:INTL) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

INTL FCStone (NASDAQ:INTL) traded up $0.89 during trading hours on Friday, hitting $41.89. The stock had a trading volume of 449,194 shares, compared to its average volume of 89,263. The firm has a market cap of $769.41, a PE ratio of 132.26 and a beta of 1.70. INTL FCStone has a twelve month low of $33.11 and a twelve month high of $44.91. The company has a current ratio of 1.41, a quick ratio of 0.99 and a debt-to-equity ratio of 0.25.

INTL FCStone (NASDAQ:INTL) last released its quarterly earnings data on Wednesday, December 13th. The financial services provider reported ($1.27) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.97 by ($2.24). The business had revenue of $131.10 million for the quarter. INTL FCStone had a return on equity of 1.41% and a net margin of 0.02%. During the same period in the prior year, the company posted $0.90 earnings per share.

INTL FCStone declared that its board has initiated a stock buyback program on Monday, August 21st that allows the company to buyback 1,000,000 shares. This buyback authorization allows the financial services provider to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.

Several large investors have recently added to or reduced their stakes in INTL. Russell Investments Group Ltd. boosted its position in shares of INTL FCStone by 555.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 60,245 shares of the financial services provider’s stock worth $2,275,000 after acquiring an additional 51,057 shares in the last quarter. Texas Permanent School Fund lifted its holdings 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 valued at $416,000 after purchasing an additional 91 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings 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 purchasing an additional 342 shares during the last quarter. Rhumbline Advisers lifted its holdings 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 purchasing an additional 194 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of INTL FCStone by 9.0% in the 2nd quarter. Legal & General Group Plc now owns 27,210 shares of the financial services provider’s stock valued at $1,028,000 after purchasing an additional 2,258 shares during the last quarter. 65.13% of the stock is owned by institutional investors and hedge funds.

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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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