Citadel Advisors LLC increased its stake in Federated Investors Inc (NYSE:FII) by 311.1% in the fourth quarter, HoldingsChannel reports. The firm owned 147,113 shares of the asset manager’s stock after purchasing an additional 111,331 shares during the period. Citadel Advisors LLC’s holdings in Federated Investors were worth $5,308,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Bessemer Group Inc. acquired a new stake in Federated Investors in the 3rd quarter worth approximately $126,000. Bremer Trust National Association acquired a new stake in Federated Investors in the 4th quarter worth approximately $209,000. First Allied Advisory Services Inc. acquired a new stake in Federated Investors in the 4th quarter worth approximately $213,000. Raymond James Financial Services Advisors Inc. acquired a new stake in Federated Investors in the 4th quarter worth approximately $215,000. Finally, FinTrust Investment Advisory Services LLC acquired a new stake in Federated Investors in the 4th quarter worth approximately $216,000. Institutional investors own 84.65% of the company’s stock.
Shares of Federated Investors Inc (FII) opened at $33.23 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.89 and a current ratio of 3.39. Federated Investors Inc has a 12 month low of $24.93 and a 12 month high of $36.76. The company has a market cap of $3,364.14, a P/E ratio of 11.50, a price-to-earnings-growth ratio of 1.30 and a beta of 1.36.
Federated Investors (NYSE:FII) last announced its quarterly earnings data on Thursday, January 25th. The asset manager reported $0.61 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03. Federated Investors had a net margin of 26.42% and a return on equity of 33.23%. The business 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 business posted $0.52 EPS. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. equities research analysts predict that Federated Investors Inc will post 2.78 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Thursday, February 8th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.01%. The ex-dividend date was Wednesday, February 7th. Federated Investors’s payout ratio is 34.60%.
FII has been the subject of a number of recent analyst reports. Royal Bank of Canada set a $31.00 target price on shares of Federated Investors and gave the stock a “hold” rating in a research note on Friday, December 15th. Argus cut shares of Federated Investors from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. ValuEngine cut shares of Federated Investors from a “buy” rating to a “hold” rating in a research note on Sunday, November 12th. Zacks Investment Research upgraded 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 research note on Thursday, January 4th. Finally, JPMorgan Chase & Co. cut shares of Federated Investors from a “neutral” rating to an “underweight” rating and set a $31.00 target price for the company. in a research note on Monday, January 8th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Federated Investors currently has a consensus rating of “Hold” and a consensus price target of $31.50.
In other Federated Investors news, CFO Thomas R. Donahue sold 30,000 shares of Federated Investors stock in a transaction that occurred 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 directly owns 634,044 shares in the company, valued at approximately $22,058,390.76. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 transaction of $347,930.16. Following the sale, the executive vice president now owns 68,987 shares of the company’s stock, valued at $2,486,291.48. The disclosure for this sale can be found here. Insiders own 7.10% of the company’s stock.
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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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