Raymond James Financial Services Advisors Inc. bought a new position in shares of Federated Investors Inc (NYSE:FII) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,965 shares of the asset manager’s stock, valued at approximately $215,000.
Several other institutional investors and hedge funds have also made changes to their positions in FII. Great West Life Assurance Co. Can boosted its stake in shares of Federated Investors by 31.0% during the third quarter. Great West Life Assurance Co. Can now owns 4,664,052 shares of the asset manager’s stock worth $139,191,000 after buying an additional 1,104,213 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Federated Investors by 20.2% during the fourth quarter. Victory Capital Management Inc. now owns 1,601,827 shares of the asset manager’s stock worth $57,794,000 after buying an additional 269,529 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Federated Investors by 9.2% during the third quarter. Dimensional Fund Advisors LP now owns 2,841,818 shares of the asset manager’s stock worth $84,403,000 after buying an additional 238,363 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of Federated Investors during the fourth quarter worth about $7,452,000. Finally, Mackenzie Financial Corp acquired a new stake in shares of Federated Investors during the third quarter worth about $5,388,000. Institutional investors and hedge funds own 85.17% of the company’s stock.
In other news, 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 completion of the sale, the executive vice president now directly owns 68,987 shares in the company, valued at approximately $2,486,291.48. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Peter J. Germain sold 1,294 shares of Federated Investors stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $34.27, for a total transaction of $44,345.38. Following the sale, the executive vice president now owns 75,473 shares of the company’s stock, valued at $2,586,459.71. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,457 shares of company stock valued at $956,416. 7.10% of the stock is owned by insiders.
Shares of Federated Investors stock opened at $34.23 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.39 and a quick ratio of 2.98. The company has a market cap of $3,417.60, a PE ratio of 15.45, a P/E/G ratio of 1.32 and a beta of 1.36. Federated Investors Inc has a 12-month low of $24.93 and a 12-month high of $36.76.
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 Zacks’ consensus estimate of $0.58 by $0.03. The firm had revenue of $278.31 million during the quarter, compared to the consensus estimate of $283.45 million. Federated Investors had a net margin of 26.42% and a return on equity of 33.23%. The firm’s revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.52 earnings per share. equities analysts forecast that Federated Investors Inc will post 2.77 EPS for the current year.
Several brokerages have recently weighed in on FII. Zacks Investment Research downgraded shares of Federated Investors from a “buy” rating to a “hold” rating in a research note on Monday, March 12th. Deutsche Bank decreased their target price on shares of Federated Investors from $34.00 to $32.00 and set a “hold” rating for the company in a research note on Tuesday, March 6th. Citigroup upgraded shares of Federated Investors from a “sell” rating to a “neutral” rating in a research note on Monday, March 5th. Royal Bank of Canada increased their target price on shares of Federated Investors to $37.00 and gave the stock a “sector perform” rating in a research note on Monday, January 29th. Finally, JPMorgan Chase & Co. downgraded 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. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. Federated Investors presently has an average rating of “Hold” and an average target price of $31.63.
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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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