Prudential Financial Inc. Sells 24,694 Shares of INTL Fcstone Inc (NASDAQ:INTL)

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Prudential Financial Inc. lessened its position in INTL Fcstone Inc (NASDAQ:INTL) by 24.5% in the second quarter, HoldingsChannel.com reports. The fund owned 75,933 shares of the financial services provider’s stock after selling 24,694 shares during the period. Prudential Financial Inc.’s holdings in INTL Fcstone were worth $3,007,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Texas Permanent School Fund grew its position in shares of INTL Fcstone by 4.7% in the 1st quarter. Texas Permanent School Fund now owns 10,882 shares of the financial services provider’s stock valued at $422,000 after acquiring an additional 489 shares during the period. Aperio Group LLC bought a new position in shares of INTL Fcstone in the 2nd quarter valued at about $218,000. Comerica Bank grew its position in shares of INTL Fcstone by 3.0% in the 1st quarter. Comerica Bank now owns 15,801 shares of the financial services provider’s stock valued at $630,000 after acquiring an additional 453 shares during the period. Commonwealth Bank of Australia grew its position in shares of INTL Fcstone by 97.3% in the 1st quarter. Commonwealth Bank of Australia now owns 29,400 shares of the financial services provider’s stock valued at $1,137,000 after acquiring an additional 14,500 shares during the period. Finally, Punch & Associates Investment Management Inc. grew its position in shares of INTL Fcstone by 1.4% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 598,340 shares of the financial services provider’s stock valued at $23,192,000 after acquiring an additional 8,201 shares during the period. 71.46% of the stock is owned by institutional investors.

In other INTL Fcstone news, CEO Philip Andrew Smith sold 6,067 shares of INTL Fcstone stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $38.20, for a total value of $231,759.40. Following the completion of the sale, the chief executive officer now owns 118,802 shares in the company, valued at approximately $4,538,236.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Patricia Marie Harrod sold 1,091 shares of INTL Fcstone stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $36.97, for a total transaction of $40,334.27. Following the completion of the sale, the insider now owns 8,153 shares of the company’s stock, valued at approximately $301,416.41. The disclosure for this sale can be found here. Insiders sold a total of 11,131 shares of company stock valued at $442,813 in the last quarter. Corporate insiders own 18.65% of the company’s stock.

Shares of NASDAQ INTL traded up $0.14 during mid-day trading on Monday, reaching $44.27. 15,723 shares of the company were exchanged, compared to its average volume of 59,661. The company’s 50-day simple moving average is $38.73 and its 200-day simple moving average is $38.81. The company has a quick ratio of 1.37, a current ratio of 1.91 and a debt-to-equity ratio of 2.47. The stock has a market capitalization of $843.33 million, a P/E ratio of 11.70 and a beta of 1.67. INTL Fcstone Inc has a twelve month low of $34.10 and a twelve month high of $55.44.

INTL Fcstone (NASDAQ:INTL) last issued its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.84 earnings per share for the quarter. INTL Fcstone had a net margin of 0.27% and a return on equity of 13.56%. The business had revenue of $283.40 million during the quarter.

Separately, BidaskClub upgraded shares of INTL Fcstone from a “sell” rating to a “hold” rating in a research note on Thursday.

About INTL Fcstone

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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Want to see what other hedge funds are holding INTL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for INTL Fcstone Inc (NASDAQ:INTL).

Institutional Ownership by Quarter for INTL Fcstone (NASDAQ:INTL)

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