Sei Investments Co. grew its holdings in shares of Federated Investors Inc (NYSE:FII) by 51.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,418 shares of the asset manager’s stock after purchasing an additional 7,664 shares during the period. Sei Investments Co.’s holdings in Federated Investors were worth $749,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Raymond James Financial Services Advisors Inc. purchased a new stake in Federated Investors during the fourth quarter worth about $215,000. BB&T Securities LLC purchased a new stake in Federated Investors during the fourth quarter worth about $232,000. Xact Kapitalforvaltning AB purchased a new stake in Federated Investors during the fourth quarter worth about $287,000. Elkfork Partners LLC purchased a new stake in Federated Investors during the fourth quarter worth about $306,000. Finally, ARP Americas LP purchased a new stake in Federated Investors during the first quarter worth about $287,000. Institutional investors own 84.52% of the company’s stock.
A number of analysts have issued reports on FII shares. Zacks Investment Research lowered shares of Federated Investors from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. TheStreet lowered shares of Federated Investors from a “b-” rating to a “c+” rating in a research note on Tuesday, May 22nd. Keefe, Bruyette & Woods upgraded shares of Federated Investors from an “underperform” rating to a “market perform” rating in a research note on Monday, May 28th. Deutsche Bank cut 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 note on Tuesday, March 6th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $32.00 price target on shares of Federated Investors in a research note on Wednesday, April 11th. Five research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. Federated Investors presently has an average rating of “Hold” and an average target price of $31.19.
Shares of Federated Investors stock opened at $23.32 on Friday. Federated Investors Inc has a one year low of $22.82 and a one year high of $36.76. The stock has a market cap of $2.37 billion, a PE ratio of 10.14, a P/E/G ratio of 1.74 and a beta of 1.28. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.43 and a quick ratio of 3.91.
Federated Investors (NYSE:FII) last announced its quarterly earnings data on Thursday, April 26th. The asset manager reported $0.60 EPS for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.05). Federated Investors had a return on equity of 32.55% and a net margin of 27.63%. The company had revenue of $263.85 million for the quarter, compared to analyst estimates of $277.61 million. During the same period in the prior year, the firm posted $0.49 earnings per share. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. sell-side analysts predict that Federated Investors Inc will post 2.4 earnings per share for the current year.
About Federated Investors
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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