BlackRock Inc. lifted its holdings in INTL Fcstone Inc (NASDAQ:INTL) by 4.7% in the first quarter, HoldingsChannel reports. The firm owned 2,189,136 shares of the financial services provider’s stock after purchasing an additional 98,268 shares during the quarter. BlackRock Inc. owned 0.12% of INTL Fcstone worth $93,432,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Teacher Retirement System of Texas purchased a new position in shares of INTL Fcstone in the fourth quarter valued at $233,000. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of INTL Fcstone by 6,160.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,260 shares of the financial services provider’s stock valued at $266,000 after purchasing an additional 6,160 shares in the last quarter. MetLife Investment Advisors LLC purchased a new position in shares of INTL Fcstone in the fourth quarter valued at $326,000. Citadel Advisors LLC purchased a new position in shares of INTL Fcstone in the fourth quarter valued at $442,000. Finally, First Trust Advisors LP grew its holdings in shares of INTL Fcstone by 13.3% in the fourth quarter. First Trust Advisors LP now owns 13,989 shares of the financial services provider’s stock valued at $595,000 after purchasing an additional 1,645 shares in the last quarter. 71.06% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts recently weighed in on INTL shares. BidaskClub raised shares of INTL Fcstone from a “strong sell” rating to a “sell” rating in a report on Tuesday, March 6th. ValuEngine raised shares of INTL Fcstone from a “hold” rating to a “buy” rating in a report on Saturday, May 12th. Finally, TheStreet raised shares of INTL Fcstone from a “c” rating to a “b-” rating in a report on Monday, May 14th.
In related news, insider Aaron Schroeder sold 1,000 shares of the firm’s stock in a transaction on Thursday, June 14th. The stock was sold at an average price of $51.80, for a total value of $51,800.00. Following the completion of the sale, the insider now directly owns 11,133 shares in the company, valued at $576,689.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Scott J. Branch sold 46,400 shares of the firm’s stock in a transaction on Monday, June 18th. The stock was sold at an average price of $52.17, for a total value of $2,420,688.00. Following the completion of the sale, the director now owns 586,294 shares of the company’s stock, valued at $30,586,957.98. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 169,029 shares of company stock valued at $8,408,539. 20.48% of the stock is owned by corporate insiders.
Shares of INTL opened at $51.71 on Friday. The firm has a market capitalization of $969.84 million, a P/E ratio of 38.92 and a beta of 1.71. INTL Fcstone Inc has a 52-week low of $33.11 and a 52-week high of $53.57. The company has a quick ratio of 1.06, a current ratio of 1.53 and a debt-to-equity ratio of 1.20.
INTL Fcstone (NASDAQ:INTL) last issued its quarterly earnings results on Tuesday, May 8th. The financial services provider reported $1.15 earnings per share (EPS) for the quarter. The company had revenue of $154.30 million during the quarter. INTL Fcstone had a return on equity of 5.62% and a net margin of 0.02%.
INTL Fcstone Profile
INTL FCStone Inc operates as a financial services company worldwide. The company's Commercial Hedging segment offers risk management consulting services related to agricultural and energy commodities, and base metal products listed on the London Metals Exchange. Its Global Payments segment provides payment solutions to banks and commercial businesses; and charities and non-governmental organizations, and government organizations.
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