Brandywine Global Investment Management LLC grew its position in shares of Federated Investors Inc (NYSE:FII) by 17.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 317,373 shares of the asset manager’s stock after buying an additional 46,661 shares during the quarter. Brandywine Global Investment Management LLC owned 0.31% of Federated Investors worth $11,451,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in the business. Advisor Group Inc. raised its position in Federated Investors by 43.7% during the 4th quarter. Advisor Group Inc. now owns 9,007 shares of the asset manager’s stock worth $326,000 after buying an additional 2,739 shares during the last quarter. Quantitative Investment Management LLC purchased a new position in shares of Federated Investors in the 4th quarter valued at about $782,000. AMP Capital Investors Ltd increased its holdings in shares of Federated Investors by 21.0% in the 4th quarter. AMP Capital Investors Ltd now owns 56,420 shares of the asset manager’s stock valued at $2,036,000 after purchasing an additional 9,800 shares in the last quarter. Amundi Pioneer Asset Management Inc. purchased a new position in shares of Federated Investors in the 4th quarter valued at about $590,000. Finally, Burgundy Asset Management Ltd. increased its holdings in shares of Federated Investors by 1.3% in the 4th quarter. Burgundy Asset Management Ltd. now owns 1,458,504 shares of the asset manager’s stock valued at $52,623,000 after purchasing an additional 18,231 shares in the last quarter. Institutional investors own 85.64% of the company’s stock.
A number of equities analysts have recently issued reports on FII shares. Royal Bank of Canada set a $31.00 price target on shares of Federated Investors and gave the company a “hold” rating in a report on Friday, December 15th. JPMorgan Chase & Co. downgraded shares of Federated Investors from a “neutral” rating to an “underweight” rating and set a $31.00 price target for the company. in a report on Monday, January 8th. Zacks Investment Research upgraded shares of Federated Investors from a “hold” rating to a “strong-buy” rating and set a $41.00 price target for the company in a report on Thursday, January 4th. ValuEngine upgraded shares of Federated Investors from a “hold” rating to a “buy” rating in a report on Thursday, November 30th. Finally, Citigroup upgraded shares of Federated Investors from a “sell” rating to a “neutral” rating in a report on Monday, March 5th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. Federated Investors has an average rating of “Hold” and a consensus price target of $31.63.
Shares of Federated Investors Inc (NYSE:FII) opened at $34.19 on Tuesday. The company has a market cap of $3,450.00, a PE ratio of 9.50, a P/E/G ratio of 1.37 and a beta of 1.36. Federated Investors Inc has a 12 month low of $24.93 and a 12 month high of $36.76. The company has a quick ratio of 2.98, a current ratio of 3.39 and a debt-to-equity ratio of 0.22.
Federated Investors (NYSE:FII) last issued its quarterly earnings data on Thursday, January 25th. The asset manager reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.03. The firm had revenue of $278.31 million for the quarter, compared to analysts’ expectations of $283.45 million. Federated Investors had a net margin of 26.42% and a return on equity of 33.23%. The firm’s revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.52 EPS. equities analysts anticipate that Federated Investors Inc will post 2.77 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Thursday, February 8th were paid a $0.25 dividend. The ex-dividend date was Wednesday, February 7th. This represents a $1.00 dividend on an annualized basis and a yield of 2.92%. Federated Investors’s payout ratio is 27.78%.
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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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