Cornerstone Capital Management Holdings LLC. lifted its stake in Federated Investors, Inc. (NYSE:FII) by 2,305.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 150,483 shares of the asset manager’s stock after purchasing an additional 144,227 shares during the period. Cornerstone Capital Management Holdings LLC. owned 0.15% of Federated Investors worth $4,468,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Capstone Asset Management Co. bought a new stake in shares of Federated Investors in the second quarter worth approximately $206,000. Bank of Montreal Can grew its stake in shares of Federated Investors by 13.2% in the second quarter. Bank of Montreal Can now owns 12,586 shares of the asset manager’s stock worth $356,000 after acquiring an additional 1,463 shares during the period. Aperio Group LLC grew its stake in shares of Federated Investors by 38.6% in the second quarter. Aperio Group LLC now owns 28,918 shares of the asset manager’s stock worth $817,000 after acquiring an additional 8,054 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Federated Investors by 41.2% in the second quarter. Russell Investments Group Ltd. now owns 23,237 shares of the asset manager’s stock worth $656,000 after acquiring an additional 6,778 shares during the period. Finally, NGAM Advisors L.P. bought a new stake in shares of Federated Investors in the second quarter worth approximately $481,000. 85.61% of the stock is owned by institutional investors.
Federated Investors, Inc. (NYSE:FII) opened at $35.50 on Friday. Federated Investors, Inc. has a 1-year low of $24.93 and a 1-year high of $35.68. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.33 and a quick ratio of 1.89. The company has a market cap of $3,510.45, a price-to-earnings ratio of 16.57, a PEG ratio of 3.29 and a beta of 1.57.
Federated Investors (NYSE:FII) last released its earnings results on Thursday, October 26th. The asset manager reported $0.56 EPS for the quarter, topping the consensus estimate of $0.53 by $0.03. Federated Investors had a net margin of 19.32% and a return on equity of 34.54%. The firm had revenue of $278.32 million for the quarter, compared to the consensus estimate of $278.51 million. During the same quarter in the previous year, the firm earned $0.54 earnings per share. The company’s quarterly revenue was down 5.5% compared to the same quarter last year. research analysts expect that Federated Investors, Inc. will post 2.15 EPS for the current fiscal year.
In related news, VP John B. Fisher sold 6,460 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $31.49, for a total value of $203,425.40. Following the sale, the vice president now owns 508,445 shares in the company, valued at $16,010,933.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Thomas R. Donahue sold 30,000 shares of the business’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $34.79, for a total transaction of $1,043,700.00. Following the completion of the sale, the chief financial officer now owns 634,044 shares in the company, valued at approximately $22,058,390.76. The disclosure for this sale can be found here. Insiders sold 37,776 shares of company stock worth $1,288,527 in the last 90 days. 7.10% of the stock is currently owned by company insiders.
Several analysts recently issued reports on the stock. ValuEngine upgraded shares of Federated Investors from a “hold” rating to a “buy” rating in a research report on Monday, November 6th. Argus lowered shares of Federated Investors from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Zacks Investment Research upgraded shares of Federated Investors from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research report on Monday, October 2nd. Keefe, Bruyette & Woods restated a “sell” rating and set a $31.00 target price on shares of Federated Investors in a research report on Wednesday, November 1st. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $31.00 price target on shares of Federated Investors in a report on Friday. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $29.00.
COPYRIGHT VIOLATION NOTICE: This piece was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece on another website, it was stolen and republished in violation of United States & international copyright legislation. The legal version of this piece can be accessed at https://www.dispatchtribunal.com/2017/12/16/federated-investors-inc-fii-shares-bought-by-cornerstone-capital-management-holdings-llc.html.
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.
Receive News & Ratings for Federated Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federated Investors and related companies with MarketBeat.com's FREE daily email newsletter.