Stone Ridge Asset Management LLC bought a new position in Federated Investors Inc (NYSE:FII) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 59,730 shares of the asset manager’s stock, valued at approximately $2,155,000. Stone Ridge Asset Management LLC owned approximately 0.06% of Federated Investors as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Bank of Montreal Can increased its holdings in Federated Investors by 10.1% in the 4th quarter. Bank of Montreal Can now owns 16,128 shares of the asset manager’s stock worth $582,000 after purchasing an additional 1,479 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Federated Investors by 34.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,025 shares of the asset manager’s stock valued at $217,000 after buying an additional 1,541 shares during the period. Boston Private Wealth LLC increased its stake in shares of Federated Investors by 6.1% in the third quarter. Boston Private Wealth LLC now owns 32,286 shares of the asset manager’s stock valued at $959,000 after buying an additional 1,867 shares during the period. Biondo Investment Advisors LLC increased its stake in shares of Federated Investors by 2.0% in the fourth quarter. Biondo Investment Advisors LLC now owns 108,977 shares of the asset manager’s stock valued at $3,932,000 after buying an additional 2,105 shares during the period. Finally, Advisor Group Inc. increased its stake in shares of Federated Investors by 43.7% in the fourth quarter. Advisor Group Inc. now owns 9,007 shares of the asset manager’s stock valued at $326,000 after buying an additional 2,739 shares during the period. 85.64% of the stock is owned by institutional investors and hedge funds.
FII has been the subject of several recent research reports. Royal Bank of Canada set a $31.00 price target on Federated Investors and gave the company a “hold” rating in a research note on Friday, December 15th. JPMorgan Chase & Co. cut Federated Investors from a “neutral” rating to an “underweight” rating and set a $31.00 price target for the company. in a research note on Monday, January 8th. Zacks Investment Research raised Federated Investors from a “hold” rating to a “strong-buy” rating and set a $41.00 price target for the company in a research note on Thursday, January 4th. ValuEngine raised Federated Investors from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th. Finally, Citigroup raised Federated Investors from a “sell” rating to a “neutral” rating in a research note on Monday, March 5th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $31.63.
Federated Investors (NYSE:FII) last announced its quarterly 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 business had revenue of $278.31 million for the quarter, compared to analyst estimates of $283.45 million. Federated Investors had a return on equity of 33.23% and a net margin of 26.42%. The company’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.52 earnings per share. research analysts forecast that Federated Investors Inc will post 2.77 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Thursday, February 8th were issued a $0.25 dividend. The ex-dividend date was Wednesday, February 7th. This represents a $1.00 annualized dividend and a yield of 2.94%. Federated Investors’s payout ratio is currently 34.60%.
In other Federated Investors news, CFO Thomas R. Donahue sold 30,000 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $34.79, for a total value of $1,043,700.00. Following the transaction, the chief financial officer now owns 634,044 shares in the company, valued at $22,058,390.76. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Peter J. Germain sold 9,654 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $36.04, for a total value of $347,930.16. Following the completion of the transaction, the executive vice president now owns 68,987 shares in the company, valued at approximately $2,486,291.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 57,457 shares of company stock worth $2,000,116. Corporate insiders own 7.10% of the company’s stock.
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Federated Investors 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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