Xact Kapitalforvaltning AB Acquires Shares of 7,953 Federated Investors (FII)

Xact Kapitalforvaltning AB acquired a new stake in shares of Federated Investors (NYSE:FII) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 7,953 shares of the asset manager’s stock, valued at approximately $287,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bremer Trust National Association acquired a new position in shares of Federated Investors during the fourth quarter valued at approximately $209,000. First Allied Advisory Services Inc. acquired a new position in shares of Federated Investors during the fourth quarter valued at approximately $213,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Federated Investors during the fourth quarter valued at approximately $215,000. FinTrust Investment Advisory Services LLC acquired a new position in shares of Federated Investors during the fourth quarter valued at approximately $216,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Federated Investors by 34.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,025 shares of the asset manager’s stock valued at $217,000 after acquiring an additional 1,541 shares during the period. Institutional investors and hedge funds own 85.18% of the company’s stock.

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In other Federated Investors news, Director Gordon J. Ceresino sold 4,487 shares of Federated Investors stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $34.20, for a total transaction of $153,455.40. Following the transaction, the director now directly owns 194,221 shares in the company, valued at approximately $6,642,358.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Peter J. Germain sold 1,294 shares of Federated Investors stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $34.27, for a total transaction of $44,345.38. Following the transaction, the executive vice president now owns 75,473 shares in the company, valued at $2,586,459.71. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,803 shares of company stock worth $608,486. 5.30% of the stock is currently owned by company insiders.

Federated Investors stock opened at $32.78 on Friday. The company has a current ratio of 3.39, a quick ratio of 2.98 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $3,277.22, a price-to-earnings ratio of 14.82, a price-to-earnings-growth ratio of 1.39 and a beta of 1.32. Federated Investors has a 1 year low of $25.24 and a 1 year high of $36.76.

Federated Investors (NYSE:FII) last posted its quarterly earnings results on Thursday, January 25th. The asset manager reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.03. The firm had revenue of $278.31 million for the quarter, compared to analyst estimates of $283.45 million. Federated Investors had a net margin of 26.42% and a return on equity of 33.23%. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.52 earnings per share. sell-side analysts predict that Federated Investors will post 2.73 earnings per share for the current year.

A number of research firms recently commented on FII. Royal Bank of Canada raised their price objective on shares of Federated Investors to $37.00 and gave the company a “sector perform” rating in a research note on Monday, January 29th. JPMorgan Chase lowered shares of Federated Investors from a “neutral” rating to an “underweight” rating and set a $31.00 price target on the stock. in a research report on Monday, January 8th. Zacks Investment Research lowered shares of Federated Investors from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Deutsche Bank decreased their price target on shares of Federated Investors from $34.00 to $32.00 and set a “hold” rating on the stock in a research report on Tuesday, March 6th. Finally, Citigroup upgraded shares of Federated Investors from a “sell” rating to a “neutral” rating in a research report on Monday, March 5th. 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 stock. Federated Investors currently has an average rating of “Hold” and an average price target of $32.13.

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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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