Rodgers Brothers Inc. lessened its position in Federated Investors Inc (NYSE:FII) by 5.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 96,133 shares of the asset manager’s stock after selling 6,046 shares during the quarter. Rodgers Brothers Inc. owned about 0.10% of Federated Investors worth $3,468,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bessemer Group Inc. purchased a new position in Federated Investors during the third quarter worth approximately $126,000. Bremer Trust National Association purchased a new position in Federated Investors during the fourth quarter worth approximately $209,000. First Allied Advisory Services Inc. purchased a new position in Federated Investors during the fourth quarter worth approximately $213,000. Raymond James Financial Services Advisors Inc. purchased a new position in Federated Investors during the fourth quarter worth approximately $215,000. Finally, FinTrust Investment Advisory Services LLC purchased a new position in Federated Investors during the fourth quarter worth approximately $216,000. Institutional investors and hedge funds own 85.64% of the company’s stock.
In other news, EVP Peter J. Germain sold 1,294 shares of Federated Investors stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $34.27, for a total value of $44,345.38. Following the completion of the sale, the executive vice president now directly owns 75,473 shares of the company’s stock, valued at $2,586,459.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Thomas R. Donahue sold 30,000 shares of Federated Investors stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $34.79, for a total value of $1,043,700.00. Following the completion of the sale, the chief financial officer now directly owns 634,044 shares of the company’s stock, valued at $22,058,390.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 57,457 shares of company stock valued at $2,000,116. 7.10% of the stock is owned by insiders.
Federated Investors (NYSE:FII) last posted its earnings results on Thursday, January 25th. The asset manager reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.03. The company had revenue of $278.31 million during the quarter, compared to analysts’ expectations of $283.45 million. Federated Investors had a return on equity of 33.23% and a net margin of 26.42%. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.52 earnings per share. equities analysts expect that Federated Investors Inc will post 2.77 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Thursday, February 8th were paid a dividend of $0.25 per share. The ex-dividend date was Wednesday, February 7th. This represents a $1.00 annualized dividend and a yield of 2.94%. Federated Investors’s dividend payout ratio (DPR) is 34.60%.
FII has been the topic of a number of analyst reports. ValuEngine upgraded Federated Investors from a “hold” rating to a “buy” rating in a research report on Thursday, November 30th. Zacks Investment Research downgraded Federated Investors from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Royal Bank of Canada set a $31.00 price objective on Federated Investors and gave the stock a “hold” rating in a research report on Friday, December 15th. Deutsche Bank reduced their price objective on Federated Investors from $34.00 to $32.00 and set a “hold” rating on the stock in a research report on Tuesday, March 6th. Finally, Citigroup raised Federated Investors from a “sell” rating to a “neutral” rating in a research note on Monday, March 5th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $31.63.
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Federated Investors Company Profile
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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