Chicago Equity Partners LLC Sells 44,210 Shares of INTL FCStone Inc. (INTL)
Chicago Equity Partners LLC lessened its holdings in shares of INTL FCStone Inc. (NASDAQ:INTL) by 57.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 33,040 shares of the financial services provider’s stock after selling 44,210 shares during the quarter. Chicago Equity Partners LLC owned approximately 0.18% of INTL FCStone worth $1,248,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. BNP Paribas Arbitrage SA raised its position in INTL FCStone by 61.1% during the second quarter. BNP Paribas Arbitrage SA now owns 4,412 shares of the financial services provider’s stock valued at $167,000 after acquiring an additional 1,674 shares in the last quarter. Texas Permanent School Fund raised its position in shares of 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 valued at $416,000 after purchasing an additional 91 shares during the period. Steinberg Global Asset Management raised its position in shares of 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 valued at $563,000 after purchasing an additional 1,000 shares during the period. Legal & General Group Plc raised its position in shares of INTL FCStone by 9.0% in the second 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 period. Finally, Rhumbline Advisers raised its position in shares of INTL FCStone by 0.5% in the second 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 period. 65.28% of the stock is currently owned by hedge funds and other institutional investors.
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In other news, CEO Mark Lowry Maurer sold 1,658 shares of the stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $35.57, for a total value of $58,975.06. Following the completion of the sale, the chief executive officer now owns 6,596 shares of the company’s stock, valued at approximately $234,619.72. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 20.66% of the company’s stock.
Separately, BidaskClub lowered 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 34.28 on Friday. The company has a market cap of $641.69 million, a price-to-earnings ratio of 13.83 and a beta of 1.69. INTL FCStone Inc. has a 52-week low of $33.11 and a 52-week high of $44.71. The stock has a 50 day moving average of $37.01 and a 200-day moving average of $36.93.
INTL FCStone (NASDAQ:INTL) last released its quarterly earnings data on Tuesday, August 8th. The financial services provider reported $0.66 EPS for the quarter, missing the consensus estimate of $1.04 by $0.38. The company had revenue of $197.60 million during the quarter. INTL FCStone had a net margin of 0.24% and a return on equity of 9.50%. On average, analysts forecast that INTL FCStone Inc. will post $3.25 EPS for the current year.
INTL FCStone announced that its board has approved a stock repurchase plan on Monday, August 21st that authorizes the company to repurchase 1,000,000 shares. This repurchase authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.
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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