Prospector Partners LLC increased its position in shares of Federated Investors, Inc. (NYSE:FII) by 17.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 436,700 shares of the asset manager’s stock after buying an additional 64,000 shares during the period. Federated Investors accounts for approximately 2.0% of Prospector Partners LLC’s investment portfolio, making the stock its 6th biggest position. Prospector Partners LLC owned approximately 0.43% of Federated Investors worth $12,970,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Suntrust Banks Inc. boosted its position in shares of Federated Investors by 2.4% in the second quarter. Suntrust Banks Inc. now owns 11,374 shares of the asset manager’s stock valued at $321,000 after acquiring an additional 269 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Federated Investors by 8.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,484 shares of the asset manager’s stock worth $127,000 after purchasing an additional 358 shares during the period. State of Wisconsin Investment Board lifted its position in Federated Investors by 2.0% during the second quarter. State of Wisconsin Investment Board now owns 18,919 shares of the asset manager’s stock worth $534,000 after purchasing an additional 370 shares during the period. Northwestern Mutual Investment Management Company LLC lifted its position in Federated Investors by 2.4% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 16,335 shares of the asset manager’s stock worth $470,000 after purchasing an additional 387 shares during the period. Finally, Utah Retirement Systems lifted its position in Federated Investors by 2.4% during the second quarter. Utah Retirement Systems now owns 17,346 shares of the asset manager’s stock worth $490,000 after purchasing an additional 400 shares during the period. Institutional investors and hedge funds own 85.61% of the company’s stock.
In other Federated Investors news, VP John B. Fisher sold 6,460 shares of the stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $31.49, for a total transaction of $203,425.40. Following the transaction, the vice president now directly owns 508,445 shares in the company, valued at approximately $16,010,933.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 disclosure for this sale can be found here. Insiders have sold a total of 37,776 shares of company stock valued at $1,288,527 in the last three months. Insiders own 7.10% of the company’s stock.
Federated Investors, Inc. (FII) traded up $0.71 during trading on Friday, hitting $35.50. The stock had a trading volume of 1,858,559 shares, compared to its average volume of 678,117. The firm has a market capitalization of $3,510.45, a P/E ratio of 16.57, a P/E/G ratio of 3.29 and a beta of 1.57. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.33 and a quick ratio of 1.89. Federated Investors, Inc. has a one year low of $24.93 and a one year high of $35.68.
Federated Investors (NYSE:FII) last released its earnings results on Thursday, October 26th. The asset manager reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. The business had revenue of $278.32 million during the quarter, compared to the consensus estimate of $278.51 million. Federated Investors had a net margin of 19.32% and a return on equity of 34.54%. The company’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.54 EPS. equities research analysts predict that Federated Investors, Inc. will post 2.15 EPS for the current fiscal year.
FII has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Federated Investors from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Tuesday, September 12th. Jefferies Group reaffirmed a “hold” rating and set a $30.00 price objective (up previously from $29.00) on shares of Federated Investors in a research report on Tuesday, October 10th. Deutsche Bank initiated coverage on shares of Federated Investors in a research report on Tuesday, October 17th. They set a “hold” rating and a $31.00 price objective for the company. Royal Bank of Canada set a $28.00 target price on Federated Investors and gave the stock a “hold” rating in a research note on Wednesday, October 18th. Finally, ValuEngine raised Federated Investors from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $29.00.
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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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