PNC Financial Services Group Inc. Raises Stake in INTL Fcstone Inc (INTL)

PNC Financial Services Group Inc. grew its holdings in INTL Fcstone Inc (NASDAQ:INTL) by 385.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,443 shares of the financial services provider’s stock after acquiring an additional 9,085 shares during the period. PNC Financial Services Group Inc. owned about 0.06% of INTL Fcstone worth $489,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. BlackRock Inc. raised its stake in shares of INTL Fcstone by 4.7% in the 1st quarter. BlackRock Inc. now owns 2,189,136 shares of the financial services provider’s stock valued at $93,432,000 after acquiring an additional 98,268 shares during the period. Van Berkom & Associates Inc. raised its stake in shares of INTL Fcstone by 65.4% in the 1st quarter. Van Berkom & Associates Inc. now owns 1,569,884 shares of the financial services provider’s stock valued at $67,003,000 after acquiring an additional 620,713 shares during the period. Cove Street Capital LLC raised its stake in shares of INTL Fcstone by 4.0% in the 4th quarter. Cove Street Capital LLC now owns 415,872 shares of the financial services provider’s stock valued at $17,687,000 after acquiring an additional 16,000 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of INTL Fcstone by 8.9% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 74,025 shares of the financial services provider’s stock valued at $3,160,000 after acquiring an additional 6,024 shares during the period. Finally, Wells Fargo & Company MN raised its stake in shares of INTL Fcstone by 2.2% in the 1st quarter. Wells Fargo & Company MN now owns 71,002 shares of the financial services provider’s stock valued at $3,030,000 after acquiring an additional 1,538 shares during the period. 71.06% of the stock is currently owned by institutional investors and hedge funds.

In related news, CEO Philip Andrew Smith sold 4,360 shares of INTL Fcstone stock in a transaction on Thursday, May 10th. The shares were sold at an average price of $47.03, for a total transaction of $205,050.80. Following the sale, the chief executive officer now owns 115,378 shares of the company’s stock, valued at approximately $5,426,227.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Xuong Nguyen sold 1,500 shares of INTL Fcstone stock in a transaction on Wednesday, June 13th. The stock was sold at an average price of $50.50, for a total transaction of $75,750.00. Following the sale, the chief operating officer now directly owns 22,548 shares in the company, valued at approximately $1,138,674. The disclosure for this sale can be found here. Insiders have sold a total of 169,029 shares of company stock worth $8,408,539 in the last ninety days. 20.48% of the stock is currently owned by insiders.

A number of brokerages have recently commented on INTL. BidaskClub downgraded shares of INTL Fcstone from a “sell” rating to a “strong sell” rating in a research note on Tuesday, February 27th. TheStreet raised shares of INTL Fcstone from a “c” rating to a “b-” rating in a research note on Monday, May 14th. Finally, ValuEngine raised shares of INTL Fcstone from a “hold” rating to a “buy” rating in a research note on Saturday, May 12th.

Shares of INTL Fcstone opened at $52.49 on Friday, MarketBeat reports. INTL Fcstone Inc has a 52 week low of $33.11 and a 52 week high of $53.57. The company has a current ratio of 1.53, a quick ratio of 1.06 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $989.10 million, a PE ratio of 39.69 and a beta of 1.71.

INTL Fcstone (NASDAQ:INTL) last issued its earnings results on Tuesday, May 8th. The financial services provider reported $1.15 EPS for the quarter. INTL Fcstone had a net margin of 0.02% and a return on equity of 5.62%. The business had revenue of $154.30 million for the quarter.

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.

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

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