Victory Capital Management Inc. grew its stake in shares of Federated Investors Inc (NYSE:FII) by 20.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,601,827 shares of the asset manager’s stock after acquiring an additional 269,529 shares during the quarter. Victory Capital Management Inc. owned about 1.59% of Federated Investors worth $57,794,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of FII. Alliancebernstein L.P. increased its holdings in Federated Investors by 4.8% in the 2nd quarter. Alliancebernstein L.P. now owns 61,180 shares of the asset manager’s stock worth $1,728,000 after buying an additional 2,780 shares in the last quarter. Teachers Advisors LLC increased its holdings in Federated Investors by 5.7% in the 2nd quarter. Teachers Advisors LLC now owns 105,010 shares of the asset manager’s stock worth $2,967,000 after buying an additional 5,654 shares in the last quarter. Thrivent Financial For Lutherans increased its holdings in Federated Investors by 7.8% in the 2nd quarter. Thrivent Financial For Lutherans now owns 18,720 shares of the asset manager’s stock worth $529,000 after buying an additional 1,350 shares in the last quarter. UBS Asset Management Americas Inc. increased its holdings in Federated Investors by 17.8% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 86,622 shares of the asset manager’s stock worth $2,447,000 after buying an additional 13,067 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Federated Investors by 3.9% in the 2nd quarter. Northern Trust Corp now owns 1,016,626 shares of the asset manager’s stock worth $28,719,000 after buying an additional 38,360 shares in the last quarter. Hedge funds and other institutional investors own 85.45% of the company’s stock.
FII has been the subject of several research analyst reports. Royal Bank of Canada set a $31.00 price objective on Federated Investors and gave the stock a “hold” rating in a report on Friday, December 15th. Argus cut Federated Investors from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. ValuEngine raised Federated Investors from a “hold” rating to a “buy” rating in a research report on Thursday, October 26th. Zacks Investment Research raised Federated Investors from a “hold” rating to a “strong-buy” rating and set a $41.00 target price on the stock in a research report on Thursday, January 4th. Finally, Deutsche Bank began coverage on Federated Investors in a research report on Tuesday, October 17th. They issued a “hold” rating and a $31.00 target price on the stock. Four research analysts have rated the stock with a sell rating, five have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $31.50.
In related news, CFO Thomas R. Donahue sold 30,000 shares of Federated Investors stock in a transaction that occurred 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 sale, the chief financial officer now owns 634,044 shares of the company’s stock, valued at approximately $22,058,390.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Peter J. Germain sold 9,654 shares of Federated Investors stock in a transaction that occurred 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 sale, the executive vice president now directly owns 68,987 shares in the company, valued at approximately $2,486,291.48. The disclosure for this sale can be found here. 7.10% of the stock is owned by insiders.
Federated Investors Inc (NYSE:FII) traded up $0.14 during mid-day trading on Tuesday, hitting $32.52. The stock had a trading volume of 168,152 shares, compared to its average volume of 1,246,657. Federated Investors Inc has a 12-month low of $24.93 and a 12-month high of $36.76. The company has a current ratio of 3.39, a quick ratio of 1.89 and a debt-to-equity ratio of 0.22. The stock has a market cap of $3,215.81, a PE ratio of 11.20, a P/E/G ratio of 1.24 and a beta of 1.36.
Federated Investors (NYSE:FII) last posted its quarterly earnings data on Thursday, January 25th. The asset manager reported $0.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.03. Federated Investors had a return on equity of 33.23% and a net margin of 26.42%. The firm had revenue of $278.31 million for the quarter, compared to analysts’ expectations of $283.45 million. During the same period in the previous year, the firm earned $0.52 EPS. The business’s quarterly revenue was down 4.0% on a year-over-year basis. equities analysts forecast that Federated Investors Inc will post 2.79 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 8th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, February 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.08%. Federated Investors’s payout ratio is currently 34.60%.
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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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