Cadence Capital Management LLC Increases Stake in Federated Investors Inc (FII)

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.

TRADEMARK VIOLATION NOTICE: “Cadence Capital Management LLC Increases Stake in Federated Investors Inc (FII)” was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this news story on another site, it was copied illegally and republished in violation of international trademark & copyright laws. The legal version of this news story can be read at https://www.dispatchtribunal.com/2018/02/17/cadence-capital-management-llc-acquires-40583-shares-of-federated-investors-inc-fii.html.

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.

Institutional Ownership by Quarter for Federated Investors (NYSE:FII)

Receive News & Ratings for Federated Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federated Investors and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply