INTL FCStone Inc. (INTL) CEO Sells $58,975.06 in Stock
INTL FCStone Inc. (NASDAQ:INTL) CEO Mark Lowry Maurer sold 1,658 shares of the stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $35.57, for a total transaction of $58,975.06. Following the transaction, the chief executive officer now directly owns 6,596 shares in the company, valued at $234,619.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
INTL FCStone Inc. (NASDAQ:INTL) traded up 0.06% during trading on Wednesday, reaching $35.39. 33,622 shares of the company’s stock traded hands. The stock has a market cap of $662.47 million, a P/E ratio of 14.28 and a beta of 1.65. INTL FCStone Inc. has a one year low of $33.45 and a one year high of $44.71. The firm’s 50 day moving average price is $37.78 and its 200-day moving average price is $37.06.
INTL FCStone (NASDAQ:INTL) last released its earnings results on Tuesday, August 8th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by $0.38. The firm 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%. On average, equities analysts anticipate that INTL FCStone Inc. will post $3.25 earnings per share for the current fiscal year.
INTL FCStone declared that its board has initiated a share repurchase program on Monday, August 21st that permits the company to buyback 1,000,000 outstanding shares. This buyback authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
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Separately, BidaskClub downgraded shares of INTL FCStone from a “hold” rating to a “sell” rating in a report on Saturday, August 12th.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INTL. Russell Investments Group Ltd. raised 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 worth $2,275,000 after buying an additional 51,057 shares during the last quarter. Steinberg Global Asset Management raised its position in INTL FCStone by 7.2% in the second quarter. Steinberg Global Asset Management now owns 14,900 shares of the financial services provider’s stock worth $563,000 after buying an additional 1,000 shares during the last quarter. Municipal Employees Retirement System of Michigan raised 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 worth $1,790,000 after buying an additional 44,090 shares during the last quarter. Texas Permanent School Fund raised its position in INTL FCStone by 0.8% in the second quarter. Texas Permanent School Fund now owns 11,010 shares of the financial services provider’s stock worth $416,000 after buying an additional 91 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in INTL FCStone by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 61,886 shares of the financial services provider’s stock worth $2,337,000 after buying an additional 342 shares during the last quarter. 65.28% of the stock is currently owned by hedge funds and other institutional investors.
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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