INTL Fcstone (INTL) Downgraded to “Sell” at BidaskClub

INTL Fcstone (NASDAQ:INTL) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Thursday.

Separately, TheStreet downgraded shares of INTL Fcstone from a “b” rating to a “c” rating in a research note on Thursday, December 14th.

Shares of INTL Fcstone (NASDAQ INTL) traded up $0.02 during midday trading on Thursday, reaching $39.73. 184,999 shares of the company’s stock traded hands, compared to its average volume of 108,728. The company has a current ratio of 1.45, a quick ratio of 0.99 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $748.67, a P/E ratio of -99.33 and a beta of 1.70. INTL Fcstone has a twelve month low of $33.11 and a twelve month high of $44.91.

INTL Fcstone (NASDAQ:INTL) last announced 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 firm had revenue of $131.10 million during the quarter. INTL Fcstone had a positive return on equity of 3.32% and a negative net margin of 0.02%. During the same period in the prior year, the firm posted $0.90 earnings per share.

In other news, CEO Philip Andrew Smith sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $44.10, for a total transaction of $220,500.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In the last three months, insiders sold 11,246 shares of company stock valued at $487,619. 20.48% of the stock is owned by insiders.

Several large investors have recently modified their holdings of INTL. Shell Asset Management Co. purchased a new position in shares of INTL Fcstone during the fourth quarter worth approximately $15,503,000. Jupiter Asset Management Ltd. purchased a new position in shares of INTL Fcstone during the third quarter worth approximately $3,163,000. Parametric Portfolio Associates LLC increased its position in shares of INTL Fcstone by 93.5% during the second quarter. Parametric Portfolio Associates LLC now owns 80,420 shares of the financial services provider’s stock worth $3,037,000 after acquiring an additional 38,870 shares during the period. BlackRock Inc. increased its position in shares of INTL Fcstone by 1.8% during the fourth quarter. BlackRock Inc. now owns 2,090,868 shares of the financial services provider’s stock worth $88,925,000 after acquiring an additional 36,725 shares during the period. Finally, Wells Fargo & Company MN increased its position in shares of INTL Fcstone by 68.6% during the third quarter. Wells Fargo & Company MN now owns 69,053 shares of the financial services provider’s stock worth $2,646,000 after acquiring an additional 28,098 shares during the period. 64.80% of the stock is currently 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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