INTL FCStone (INTL) Downgraded to “Hold” at BidaskClub
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.
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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