INTL FCStone Inc. (INTL) Position Lifted by Principal Financial Group Inc.

Principal Financial Group Inc. increased its holdings in shares of INTL FCStone Inc. (NASDAQ:INTL) by 2.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 117,173 shares of the financial services provider’s stock after acquiring an additional 2,469 shares during the period. Principal Financial Group Inc. owned approximately 0.63% of INTL FCStone worth $4,490,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. BNP Paribas Arbitrage SA grew its holdings 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 worth $167,000 after acquiring an additional 1,674 shares during the period. Crossmark Global Holdings Inc. acquired a new position in INTL FCStone during the third quarter worth $316,000. Thrivent Financial For Lutherans grew its holdings in INTL FCStone by 6.2% during the second quarter. Thrivent Financial For Lutherans now owns 9,090 shares of the financial services provider’s stock worth $343,000 after acquiring an additional 530 shares during the period. Voya Investment Management LLC grew its holdings in INTL FCStone by 8.3% during the second quarter. Voya Investment Management LLC now owns 10,369 shares of the financial services provider’s stock worth $392,000 after acquiring an additional 792 shares during the period. Finally, Texas Permanent School Fund grew its holdings in INTL FCStone by 0.8% during the second quarter. Texas Permanent School Fund now owns 11,010 shares of the financial services provider’s stock worth $416,000 after acquiring an additional 91 shares during the period. 65.13% of the stock is currently owned by hedge funds and other institutional investors.

Shares of INTL FCStone Inc. (INTL) opened at $43.13 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.47 and a quick ratio of 0.99. The firm has a market capitalization of $807.39, a price-to-earnings ratio of 19.08 and a beta of 1.70. INTL FCStone Inc. has a twelve month low of $33.11 and a twelve month high of $44.91.

INTL FCStone announced that its board has authorized a stock buyback plan on Monday, August 21st that permits the company to repurchase 1,000,000 outstanding shares. This repurchase authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

Separately, BidaskClub lowered INTL FCStone from a “strong-buy” rating to a “buy” rating in a report on Thursday.

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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.

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

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