Alpha Windward LLC acquired a new position in shares of Federated Investors Inc (NYSE:FII) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 17,533 shares of the asset manager’s stock, valued at approximately $633,000. Federated Investors comprises about 0.4% of Alpha Windward LLC’s holdings, making the stock its 27th biggest holding.
Other large investors also recently modified their holdings of the company. Virginia Retirement Systems ET AL lifted its position in shares of Federated Investors by 46.4% during the 3rd quarter. Virginia Retirement Systems ET AL now owns 36,600 shares of the asset manager’s stock worth $1,087,000 after buying an additional 11,600 shares during the last quarter. FMR LLC lifted its position in shares of Federated Investors by 3.5% during the 2nd quarter. FMR LLC now owns 9,096,091 shares of the asset manager’s stock worth $256,965,000 after buying an additional 304,322 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Federated Investors by 50.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 520,348 shares of the asset manager’s stock worth $14,698,000 after buying an additional 175,384 shares during the last quarter. Simmons Bank lifted its position in shares of Federated Investors by 3.8% during the 2nd quarter. Simmons Bank now owns 213,031 shares of the asset manager’s stock worth $6,019,000 after buying an additional 7,722 shares during the last quarter. Finally, Rehmann Capital Advisory Group purchased a new stake in shares of Federated Investors during the 3rd quarter worth approximately $277,000. Institutional investors and hedge funds own 85.11% of the company’s stock.
In related news, VP John B. Fisher sold 6,460 shares of the company’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 completion of the sale, the vice president now owns 508,445 shares in the company, valued at approximately $16,010,933.05. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Thomas R. Donahue sold 30,000 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were 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 of the company’s stock, valued at approximately $22,058,390.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 47,430 shares of company stock valued at $1,636,457. 7.10% of the stock is owned by insiders.
Several analysts have recently weighed in 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 downgraded 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 price objective for the company in a research report on Monday, October 2nd. Keefe, Bruyette & Woods restated a “sell” rating and set a $31.00 price objective on shares of Federated Investors in a research report on Wednesday, November 1st. Finally, Royal Bank of Canada set a $31.00 price objective on shares of Federated Investors and gave the stock a “hold” rating in a research report on Friday, December 15th. Four research analysts have rated the stock with a sell rating, five have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $30.75.
Shares of Federated Investors Inc (FII) opened at $35.29 on Thursday. Federated Investors Inc has a 12-month low of $24.93 and a 12-month high of $36.67. The company has a market cap of $3,487.24, a price-to-earnings ratio of 16.80, a P/E/G ratio of 1.33 and a beta of 1.56. 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 (NYSE:FII) last released its quarterly earnings results on Thursday, October 26th. The asset manager reported $0.56 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $278.51 million. During the same quarter in the prior year, the firm earned $0.54 EPS. Federated Investors’s revenue for the quarter was down 5.5% on a year-over-year basis. equities analysts forecast that Federated Investors Inc will post 2.16 earnings per share for the current year.
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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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