Cadence Capital Management LLC grew its holdings in Federated Investors Inc (NYSE:FII) by 312.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,589 shares of the asset manager’s stock after acquiring an additional 40,583 shares during the period. Cadence Capital Management LLC owned about 0.05% of Federated Investors worth $1,933,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also bought and sold shares of the company. Bessemer Group Inc. purchased a new stake in shares of Federated Investors during the 3rd quarter worth $126,000. Advisory Services Network LLC lifted 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 worth $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 worth $176,000. Advisor Group Inc. lifted 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 worth $177,000 after purchasing an additional 565 shares during the last quarter. Finally, Shelton Capital Management purchased a new stake in shares of Federated Investors during the 2nd quarter worth $200,000. Institutional investors and hedge funds own 85.45% of the company’s stock.
In other news, EVP Peter J. Germain sold 9,654 shares of the company’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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Thomas R. Donahue sold 30,000 shares of the company’s stock in a transaction dated 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 directly owns 634,044 shares of the company’s stock, valued at $22,058,390.76. The disclosure for this sale can be found here. 7.10% of the stock is owned by insiders.
Shares of Federated Investors Inc (NYSE FII) traded up $0.27 on Friday, reaching $33.69. 1,030,000 shares of the company were exchanged, compared to its average volume of 1,280,000. Federated Investors Inc has a 52-week low of $24.93 and a 52-week high of $36.76. The stock has a market capitalization of $3,400.00, a PE ratio of 11.74, a PEG ratio of 1.30 and a beta of 1.36. The company has a current ratio of 3.39, a quick ratio of 1.89 and a debt-to-equity ratio of 0.22.
Federated Investors (NYSE:FII) last announced its quarterly earnings results on Thursday, January 25th. The asset manager reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. Federated Investors had a net margin of 26.42% and a return on equity of 33.23%. The firm had revenue of $278.31 million during the quarter, compared to analysts’ expectations of $283.45 million. During the same period in the previous year, the company earned $0.52 earnings per share. Federated Investors’s quarterly revenue was down 4.0% compared to the same quarter last year. analysts anticipate that Federated Investors Inc will post 2.78 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Thursday, February 8th were given a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $1.00 dividend on an annualized basis and a yield of 2.97%. Federated Investors’s dividend payout ratio (DPR) is presently 34.84%.
Several equities research analysts have recently issued reports on the stock. Royal Bank of Canada lifted their price objective on shares of Federated Investors to $37.00 and gave the stock a “sector perform” rating in a research report on Monday, January 29th. ValuEngine raised shares of Federated Investors from a “hold” rating to a “buy” rating in a research report on Thursday, November 30th. Zacks Investment Research raised shares of Federated Investors from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research report on Tuesday, October 31st. Citigroup lifted their price objective on shares of Federated Investors from $22.00 to $24.00 and gave the stock a “sell” rating in a research report on Tuesday, October 31st. Finally, Keefe, Bruyette & Woods reaffirmed a “sell” rating and set a $31.00 price objective on shares of Federated Investors in a research report on Wednesday, November 1st. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $31.50.
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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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