Teachers Advisors LLC Grows Holdings in Federated Investors (FII)

Teachers Advisors LLC boosted its position in shares of Federated Investors (NYSE:FII) by 32.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 152,751 shares of the asset manager’s stock after purchasing an additional 37,352 shares during the period. Teachers Advisors LLC’s holdings in Federated Investors were worth $5,511,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in FII. Schroder Investment Management Group increased its holdings in Federated Investors by 16.8% during the 4th quarter. Schroder Investment Management Group now owns 2,272,886 shares of the asset manager’s stock worth $82,006,000 after purchasing an additional 327,562 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Federated Investors by 20.2% during the 4th quarter. Victory Capital Management Inc. now owns 1,601,827 shares of the asset manager’s stock worth $57,794,000 after purchasing an additional 269,529 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Federated Investors by 9.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,841,818 shares of the asset manager’s stock worth $84,403,000 after purchasing an additional 238,363 shares in the last quarter. Acadian Asset Management LLC bought a new position in Federated Investors during the 4th quarter worth about $7,452,000. Finally, First Quadrant L P CA increased its holdings in Federated Investors by 65.6% during the 4th quarter. First Quadrant L P CA now owns 392,346 shares of the asset manager’s stock worth $14,156,000 after purchasing an additional 155,482 shares in the last quarter. Hedge funds and other institutional investors own 85.18% of the company’s stock.

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In related news, VP John B. Fisher sold 11,683 shares of the firm’s stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $34.16, for a total value of $399,091.28. Following the completion of the sale, the vice president now directly owns 563,267 shares in the company, valued at approximately $19,241,200.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Peter J. Germain sold 1,294 shares of the firm’s stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $34.27, for a total transaction of $44,345.38. Following the completion of 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. Insiders sold a total of 17,803 shares of company stock valued at $608,486 over the last quarter. 5.30% of the stock is currently owned by company insiders.

Several brokerages have recently weighed in on FII. Royal Bank of Canada raised their price objective on Federated Investors to $37.00 and gave the company a “sector perform” rating in a report on Monday, January 29th. Deutsche Bank raised their price objective on Federated Investors from $32.00 to $34.00 and gave the company a “hold” rating in a report on Friday. Citigroup upgraded Federated Investors from a “sell” rating to a “neutral” rating in a report on Monday, March 5th. Zacks Investment Research upgraded Federated Investors from a “hold” rating to a “strong-buy” rating and set a $41.00 price objective for the company in a report on Thursday, January 4th. Finally, JPMorgan Chase cut Federated Investors from a “neutral” rating to an “underweight” rating and set a $31.00 price objective for the company. in a report on Monday, January 8th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $31.88.

Shares of NYSE FII opened at $32.39 on Monday. The stock has a market capitalization of $3,271.16, a PE ratio of 14.79, a P/E/G ratio of 1.28 and a beta of 1.32. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.39 and a quick ratio of 2.98. Federated Investors has a fifty-two week low of $25.24 and a fifty-two week high of $36.76.

Federated Investors (NYSE:FII) last announced its quarterly earnings data on Thursday, January 25th. The asset manager reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ 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 company had revenue of $278.31 million during the quarter, compared to analysts’ expectations of $283.45 million. During the same quarter last year, the company earned $0.52 EPS. Federated Investors’s revenue for the quarter was down 4.0% compared to the same quarter last year. sell-side analysts forecast that Federated Investors will post 2.74 EPS for the current fiscal year.

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Federated Investors Profile

Federated Investors, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, including high net worth individuals, banking or thrift institutions, investment companies, pension and profit sharing plans, pooled investment vehicles, charitable organizations, state or municipal government entities, and registered investment advisors.

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

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