Federated Investors, Inc. (FII) Position Increased by Fmr LLC
Fmr LLC increased its position in shares of Federated Investors, Inc. (NYSE:FII) by 0.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,791,769 shares of the asset manager’s stock after buying an additional 29,992 shares during the period. Fmr LLC owned about 8.98% of Federated Investors worth $231,575,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Fortis Advisors LLC acquired a new stake in Federated Investors during the fourth quarter worth $59,390,000. Norges Bank acquired a new stake in Federated Investors during the fourth quarter worth $29,812,000. Two Sigma Investments LP raised its stake in Federated Investors by 1,823.2% in the fourth quarter. Two Sigma Investments LP now owns 638,424 shares of the asset manager’s stock worth $18,055,000 after buying an additional 605,228 shares during the period. Hamlin Capital Management LLC raised its stake in Federated Investors by 37.6% in the first quarter. Hamlin Capital Management LLC now owns 1,962,458 shares of the asset manager’s stock worth $51,691,000 after buying an additional 536,285 shares during the period. Finally, Schroder Investment Management Group raised its stake in Federated Investors by 32.6% in the first quarter. Schroder Investment Management Group now owns 1,665,826 shares of the asset manager’s stock worth $43,811,000 after buying an additional 409,726 shares during the period. 85.83% of the stock is owned by hedge funds and other institutional investors.
Shares of Federated Investors, Inc. (NYSE:FII) traded down 0.14% during midday trading on Friday, reaching $27.57. The company had a trading volume of 953,779 shares. The stock has a market capitalization of $2.70 billion, a PE ratio of 13.25 and a beta of 1.44. Federated Investors, Inc. has a 52-week low of $24.52 and a 52-week high of $33.13. The company’s 50 day moving average price is $26.35 and its 200 day moving average price is $26.89.
Federated Investors (NYSE:FII) last released its quarterly earnings results on Thursday, April 27th. The asset manager reported $0.49 EPS for the quarter, topping the consensus estimate of $0.47 by $0.02. The company had revenue of $273.50 million for the quarter, compared to analyst estimates of $290.19 million. Federated Investors had a return on equity of 33.32% and a net margin of 18.62%. The firm’s revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 earnings per share. Equities research analysts expect that Federated Investors, Inc. will post $2.00 earnings per share for the current year.
FII has been the subject of a number of research reports. Zacks Investment Research raised shares of Federated Investors from a “sell” rating to a “hold” rating in a research note on Wednesday, March 8th. ValuEngine downgraded shares of Federated Investors from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Federated Investors in a report on Tuesday, April 4th. BidaskClub upgraded shares of Federated Investors from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. Finally, Citigroup Inc. downgraded shares of Federated Investors from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $26.00 to $24.00 in a report on Monday, June 5th. Three analysts have rated the stock with a sell rating and five have given a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $23.83.
In other Federated Investors news, Director Gordon J. Ceresino sold 2,349 shares of Federated Investors stock in a transaction that occurred on Tuesday, March 21st. The stock was sold at an average price of $25.56, for a total transaction of $60,040.44. Following the transaction, the director now owns 185,736 shares of the company’s stock, valued at $4,747,412.16. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 7.10% of the company’s stock.
About Federated Investors
Federated Investors, Inc (Federated) is a provider of investment management products and related financial services. Federated operates through investment management business segment. It is engaged in sponsoring, marketing and providing investment-related services to various investment products, including mutual funds and Separate Accounts, which include separately managed accounts, institutional accounts, sub-advised funds and other managed products.
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