Notable Stock to Watch: INTL FCStone Inc. (INTL)

INTL FCStone Inc. (NASDAQ: INTL) spotted trading -31.11% off 52-week high price. On the other end, the stock has been noted 15.16% away from the low price over the last 52-weeks. The stock changed -0.58% to recent value of $39.27. The stock transacted 28237 shares during most recent day however it has an average volume of 60.48K shares. The company has 18.53M of outstanding shares and 15.71M shares were floated in the market.

INTL FCStone Inc. (NASDAQ: INTL) reported that it has executed a sale and purchase agreement to acquire outsourced trading firm Fillmore Advisors. This news follows-on from the announcement that INTL launched a Prime Brokerage division in April of this year – with Fillmore Advisors now becoming an extension of that offering. This transaction, which is subject to regulatory approval, is effective on closing.

Fillmore Advisors is an independent firm and a leading provider of outsourced trading solutions and operational consulting to institutional asset managers. The firm, headquartered in Park City, Utah, is composed of traders with deep global expertise encompassing both buy-side and sell-side experience. Institutional clients will benefit from Fillmore Advisors’ comprehensive product coverage offering for equities, equity-linked, FX, credit, rates, and commodities.

Michael DeJarnette, Managing Director and Co-Head, Prime Brokerage, commented “We’re thrilled to add the Fillmore Advisors team to our prime brokerage division. Outsourced trading is a rapidly growing segment of prime brokerage services, and the acquisition represents a tremendous opportunity to add a fast-growing leader in outsourced trading solutions as we continue to grow our division. This acquisition is an example of our strong commitment to continued innovation as we look to offer specialized services for hedge funds both domestically and abroad.”

INTL FCStone’s prime brokerage division offers multi-asset prime brokerage, execution, outsourced trading, custody, self-clearing, and introduced clearing services for hedge funds, mutual funds, and family offices. The division provides a flexible platform to more effectively execute trades, custody, and clearing for U.S. and global equities, options, futures, foreign exchange (FX), and fixed income through INTL FCStone.

Its earnings per share (EPS) earning per share for the next 5-years is expected to reach at 19.00%. INTL has a gross margin of 3.40% and an operating margin of 0.40% while its profit margin remained 0.30% for the last 12 months.

The price moved ahead of 5.11% from the mean of 20 days, 5.69% from mean of 50 days SMA and performed -3.06% from mean of 200 days price. Company’s performance for the week was -0.41%, 11.50% for month and YTD performance remained 7.35%.

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David Delorenzo

David is an author, journalist and has more than 5 years of experience in institutional investment markets, including fixed income, equities, derivatives and real estate. He has a Bachelor in Business Administration with a major in Finance. He bought his first stocks in a private business at age 15 and made his first public stock trade at 23. David has always been interested in the stock market and how it behaves.As the dad of two children, he’s made saving money and investing for them a high priority. Over many years of investing, he has made some wise choices and he’s made many mistakes. But he’s learned from both. Mr. David observations and experience give him the insight to stock market patterns and the investor behaviors that create them.Address: 4570 Barrington Court, Joiner, ArkansasPhone number: 870-537-3633Email: [email protected] 

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