Legal & General Group Plc grew its holdings in shares of Federated Investors Inc (NYSE:FII) by 6.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 135,234 shares of the asset manager’s stock after buying an additional 8,345 shares during the period. Legal & General Group Plc owned 0.13% of Federated Investors worth $4,017,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. Bessemer Group Inc. bought a new position in Federated Investors during the 3rd quarter valued at about $126,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Federated Investors by 8.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,484 shares of the asset manager’s stock valued at $127,000 after purchasing an additional 358 shares during the last quarter. Advisory Services Network LLC increased its position in shares of Federated Investors by 9.4% during the 2nd quarter. Advisory Services Network LLC now owns 5,968 shares of the asset manager’s stock valued at $169,000 after purchasing an additional 511 shares during the last quarter. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Federated Investors during the 2nd quarter valued at about $176,000. Finally, Advisor Group Inc. increased its position in shares of Federated Investors by 9.9% during the 2nd quarter. Advisor Group Inc. now owns 6,300 shares of the asset manager’s stock valued at $177,000 after purchasing an additional 565 shares during the last quarter. Institutional investors own 85.22% of the company’s stock.
Several research firms have recently commented on FII. JPMorgan Chase & Co. lowered shares of Federated Investors from a “neutral” rating to an “underweight” rating and set a $31.00 price target for the company. in a research report on Monday, January 8th. Zacks Investment Research raised shares of Federated Investors from a “hold” rating to a “strong-buy” rating and set a $41.00 target price for the company in a report on Thursday, January 4th. Royal Bank of Canada set a $31.00 target price on shares of Federated Investors and gave the stock a “hold” rating in a report on Friday, December 15th. ValuEngine raised shares of Federated Investors from a “hold” rating to a “buy” rating in a report on Thursday, November 30th. Finally, Keefe, Bruyette & Woods reaffirmed a “sell” rating and set a $31.00 price objective on shares of Federated Investors in a report on Wednesday, November 1st. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $30.75.
Shares of Federated Investors Inc (NYSE:FII) traded up $0.14 on Friday, reaching $35.14. The company had a trading volume of 915,701 shares, compared to its average volume of 897,710. The company has a market capitalization of $3,550.00, a P/E ratio of 16.58, a PEG ratio of 1.39 and a beta of 1.56. Federated Investors Inc has a 12 month low of $24.93 and a 12 month high of $36.67. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.89 and a current ratio of 3.33.
Federated Investors (NYSE:FII) last issued its quarterly earnings results on Thursday, October 26th. The asset manager reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.03. The company had revenue of $278.32 million during the quarter, compared to the consensus estimate of $278.51 million. Federated Investors had a return on equity of 34.54% and a net margin of 19.32%. Federated Investors’s revenue was down 5.5% on a year-over-year basis. During the same period last year, the company earned $0.54 earnings per share. sell-side analysts anticipate that Federated Investors Inc will post 2.16 EPS for the current year.
In other Federated Investors news, VP John B. Fisher sold 6,460 shares of the stock in a transaction on Thursday, November 2nd. The stock was 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Peter J. Germain sold 9,654 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $36.04, for a total value of $347,930.16. Following 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 47,430 shares of company stock worth $1,636,457. 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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