Public Employees Retirement System of Ohio grew its position in Federated Investors Inc (NYSE:FII) by 29.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,796 shares of the asset manager’s stock after acquiring an additional 11,274 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Federated Investors were worth $1,479,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GSA Capital Partners LLP purchased a new stake in Federated Investors in the third quarter valued at $1,274,000. Sterling Capital Management LLC purchased a new stake in Federated Investors in the third quarter valued at $1,984,000. California Public Employees Retirement System raised its position in Federated Investors by 3.5% in the third quarter. California Public Employees Retirement System now owns 234,434 shares of the asset manager’s stock valued at $6,963,000 after purchasing an additional 8,034 shares during the period. Janney Montgomery Scott LLC raised its position in Federated Investors by 16.5% in the third quarter. Janney Montgomery Scott LLC now owns 119,107 shares of the asset manager’s stock valued at $3,538,000 after purchasing an additional 16,839 shares during the period. Finally, Crestline Management LP purchased a new stake in Federated Investors in the third quarter valued at $1,676,000. Institutional investors and hedge funds own 85.22% of the company’s stock.
Federated Investors Inc (FII) opened at $34.65 on Thursday. Federated Investors Inc has a one year low of $24.93 and a one year high of $36.67. The company has a market capitalization of $3,510.00, a price-to-earnings ratio of 16.34, a P/E/G ratio of 3.07 and a beta of 1.56. The company has a current ratio of 3.33, a quick ratio of 1.89 and a debt-to-equity ratio of 0.27.
Federated Investors (NYSE:FII) last released its quarterly earnings data on Thursday, October 26th. The asset manager reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.03. The business had revenue of $278.32 million during the quarter, compared to analysts’ expectations of $278.51 million. Federated Investors had a return on equity of 34.54% and a net margin of 19.32%. The business’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.54 EPS. analysts anticipate that Federated Investors Inc will post 2.15 earnings per share for the current fiscal year.
A number of equities research analysts have commented on FII shares. Zacks Investment Research upgraded Federated Investors from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research report on Monday, October 2nd. Deutsche Bank started coverage on Federated Investors in a research note on Tuesday, October 17th. They issued a “hold” rating and a $31.00 price objective for the company. Argus cut Federated Investors from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. Keefe, Bruyette & Woods reaffirmed a “sell” rating and issued a $31.00 price objective on shares of Federated Investors in a research note on Wednesday, November 1st. Finally, Royal Bank of Canada set a $28.00 price objective on Federated Investors and gave the company a “hold” rating in a research note on Wednesday, October 18th. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $30.75.
In other news, VP John B. Fisher sold 6,460 shares of the business’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $31.49, for a total value of $203,425.40. Following the completion of the sale, the vice president now directly owns 508,445 shares of the company’s stock, valued at approximately $16,010,933.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Peter J. Germain sold 9,654 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $36.04, for a total value of $347,930.16. Following the completion of the sale, the executive vice president now directly owns 68,987 shares of the company’s stock, valued at $2,486,291.48. The disclosure for this sale can be found here. Insiders sold a total of 47,430 shares of company stock valued at $1,636,457 over the last three months. Company 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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