Parametric Portfolio Associates LLC raised its stake in shares of INTL FCStone Inc. (NASDAQ:INTL) by 93.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 80,420 shares of the financial services provider’s stock after buying an additional 38,870 shares during the period. Parametric Portfolio Associates LLC owned about 0.43% of INTL FCStone worth $3,037,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of INTL. BNP Paribas Arbitrage SA boosted its stake in shares of 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 buying an additional 1,674 shares during the period. Thrivent Financial For Lutherans boosted its stake in shares of INTL FCStone by 6.2% during the 2nd quarter. Thrivent Financial For Lutherans now owns 9,090 shares of the financial services provider’s stock valued at $343,000 after buying an additional 530 shares during the period. Texas Permanent School Fund boosted its stake in shares of 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 buying an additional 91 shares during the period. Steinberg Global Asset Management boosted its stake in shares of 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 buying an additional 1,000 shares during the period. Finally, Citigroup Inc. boosted its stake in shares of INTL FCStone by 16.8% during the 2nd quarter. Citigroup Inc. now owns 15,947 shares of the financial services provider’s stock valued at $602,000 after buying an additional 2,297 shares during the period. 65.26% of the stock is owned by institutional investors.
Separately, BidaskClub lowered shares of INTL FCStone from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th.
INTL FCStone (NASDAQ:INTL) last issued its quarterly earnings data on Tuesday, August 8th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.04 by ($0.38). INTL FCStone had a return on equity of 9.50% and a net margin of 0.24%. The company had revenue of $197.60 million for the quarter.
INTL FCStone declared that its Board of Directors has approved a stock buyback program on Monday, August 21st that allows the company to buyback 1,000,000 shares. This buyback authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.
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In other news, 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 completion of the sale, the chief executive officer now 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 can be accessed through this hyperlink. 20.66% of the stock is owned by corporate insiders.
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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