Alliancebernstein L.P. Has $729,000 Position in INTL FCStone Inc. (INTL)
Alliancebernstein L.P. boosted its position in shares of INTL FCStone Inc. (NASDAQ:INTL) by 13.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,310 shares of the financial services provider’s stock after purchasing an additional 2,300 shares during the period. Alliancebernstein L.P. owned about 0.10% of INTL FCStone worth $729,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. BNP Paribas Arbitrage SA grew its holdings in INTL FCStone by 61.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,412 shares of the financial services provider’s stock valued at $167,000 after purchasing an additional 1,674 shares during the last quarter. Texas Permanent School Fund grew its holdings in INTL FCStone by 0.8% during 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. Steinberg Global Asset Management grew its holdings in INTL FCStone by 7.2% during the 2nd 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 last quarter. Legal & General Group Plc grew its holdings in INTL FCStone by 9.0% during 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. Finally, Rhumbline Advisers grew its holdings in INTL FCStone by 0.5% during 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. Institutional investors own 65.26% of the company’s stock.
In other INTL FCStone news, CEO Mark Lowry Maurer sold 1,658 shares of INTL FCStone stock in a transaction dated 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 of the company’s stock, valued at $234,619.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 20.66% of the stock is owned by insiders.
INTL FCStone Inc. (INTL) opened at 41.51 on Wednesday. The company’s 50-day moving average is $38.42 and its 200 day moving average is $37.20. The company has a market capitalization of $777.03 million, a P/E ratio of 16.74 and a beta of 1.70. INTL FCStone Inc. has a one year low of $33.11 and a one year high of $44.71.
INTL FCStone (NASDAQ:INTL) last issued its earnings results on Tuesday, August 8th. The financial services provider reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.38). INTL FCStone had a return on equity of 9.50% and a net margin of 0.24%. The firm had revenue of $197.60 million for the quarter. On average, equities analysts anticipate that INTL FCStone Inc. will post $3.25 earnings per share for the current year.
INTL FCStone declared that its Board of Directors has approved 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 purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.
Separately, BidaskClub downgraded shares of INTL FCStone from a “hold” rating to a “sell” rating in a report on Saturday, August 12th.
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INTL FCStone Profile
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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