Engineers Gate Manager LP lessened its position in Federated Investors Inc (NYSE:FII) by 64.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 49,727 shares of the asset manager’s stock after selling 91,339 shares during the period. Engineers Gate Manager LP’s holdings in Federated Investors were worth $1,199,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in Federated Investors by 10.5% during the 2nd quarter. BlackRock Inc. now owns 10,814,632 shares of the asset manager’s stock valued at $252,198,000 after acquiring an additional 1,030,135 shares in the last quarter. Great West Life Assurance Co. Can increased its holdings in Federated Investors by 6.9% during the 2nd quarter. Great West Life Assurance Co. Can now owns 5,452,816 shares of the asset manager’s stock valued at $127,278,000 after acquiring an additional 351,738 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Federated Investors by 4.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,089,719 shares of the asset manager’s stock valued at $72,052,000 after acquiring an additional 134,621 shares in the last quarter. Schneider Downs Wealth Management Advisors LP increased its holdings in Federated Investors by 0.8% during the 2nd quarter. Schneider Downs Wealth Management Advisors LP now owns 3,046,084 shares of the asset manager’s stock valued at $71,035,000 after acquiring an additional 25,319 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Federated Investors by 7.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,893,503 shares of the asset manager’s stock valued at $67,476,000 after acquiring an additional 211,748 shares in the last quarter. Institutional investors own 83.83% of the company’s stock.
FII has been the subject of several recent research reports. JPMorgan Chase & Co. upgraded shares of Federated Investors from an “underweight” rating to a “neutral” rating and set a $24.00 target price for the company in a report on Monday, September 17th. Zacks Investment Research upgraded shares of Federated Investors from a “sell” rating to a “hold” rating in a report on Monday, October 1st. Royal Bank of Canada set a $26.00 target price on shares of Federated Investors and gave the company a “hold” rating in a report on Monday, October 29th. Keefe, Bruyette & Woods restated a “neutral” rating and set a $25.00 target price on shares of Federated Investors in a report on Sunday, July 29th. Finally, ValuEngine upgraded shares of Federated Investors from a “strong sell” rating to a “sell” rating in a report on Saturday, October 27th. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $30.21.
In other news, VP John B. Fisher sold 10,099 shares of Federated Investors stock in a transaction dated Friday, November 2nd. The shares were sold at an average price of $24.89, for a total transaction of $251,364.11. Following the completion of the sale, the vice president now directly owns 541,485 shares in the company, valued at $13,477,561.65. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Peter J. Germain sold 1,415 shares of Federated Investors stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $25.06, for a total transaction of $35,459.90. Following the sale, the executive vice president now owns 92,764 shares of the company’s stock, valued at $2,324,665.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,712 shares of company stock valued at $291,790. Insiders own 5.30% of the company’s stock.
Shares of NYSE FII opened at $25.19 on Friday. The stock has a market cap of $2.52 billion, a PE ratio of 11.56, a PEG ratio of 1.59 and a beta of 1.11. Federated Investors Inc has a 12 month low of $22.06 and a 12 month high of $36.76. The company has a quick ratio of 1.41, a current ratio of 1.65 and a debt-to-equity ratio of 0.19.
Federated Investors (NYSE:FII) last issued its quarterly earnings results on Thursday, October 25th. The asset manager reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.05. The business had revenue of $308.62 million during the quarter, compared to the consensus estimate of $283.04 million. Federated Investors had a net margin of 26.25% and a return on equity of 30.19%. On average, research analysts predict that Federated Investors Inc will post 2.37 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, November 8th will be issued a dividend of $0.27 per share. The ex-dividend date is Wednesday, November 7th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.29%. Federated Investors’s dividend payout ratio (DPR) is presently 49.54%.
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Federated Investors Profile
Federated Investors, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, including high net worth individuals, banking or thrift institutions, investment companies, pension and profit sharing plans, pooled investment vehicles, charitable organizations, state or municipal government entities, and registered investment advisors.
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