Kaizen Advisory LLC bought a new position in shares of Federated Investors Inc (NYSE:FII) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 44,382 shares of the asset manager’s stock, valued at approximately $1,070,000.
A number of other hedge funds have also recently modified their holdings of the business. USA Financial Portformulas Corp raised its stake in Federated Investors by 32.0% during the third quarter. USA Financial Portformulas Corp now owns 14,372 shares of the asset manager’s stock worth $335,000 after purchasing an additional 3,484 shares during the period. WBI Investments Inc. purchased a new position in Federated Investors during the third quarter worth about $1,642,000. Capital Management Corp VA raised its stake in Federated Investors by 11.9% during the third quarter. Capital Management Corp VA now owns 444,145 shares of the asset manager’s stock worth $10,713,000 after purchasing an additional 47,100 shares during the period. Ridgewood Investments LLC raised its stake in Federated Investors by 22.4% during the third quarter. Ridgewood Investments LLC now owns 18,483 shares of the asset manager’s stock worth $446,000 after purchasing an additional 3,383 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in Federated Investors by 408.9% during the third quarter. Russell Investments Group Ltd. now owns 98,856 shares of the asset manager’s stock worth $2,384,000 after purchasing an additional 79,429 shares during the period. 84.07% of the stock is currently owned by institutional investors.
Federated Investors stock opened at $25.18 on Friday. The company has a market capitalization of $2.59 billion, a PE ratio of 11.55, a P/E/G ratio of 1.64 and a beta of 1.27. Federated Investors Inc has a 1 year low of $22.06 and a 1 year high of $36.76. The company has a current ratio of 1.65, a quick ratio of 3.27 and a debt-to-equity ratio of 0.19.
Federated Investors (NYSE:FII) last released its quarterly earnings results on Thursday, October 25th. The asset manager reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.05. The business had revenue of $308.62 million for the quarter, compared to the consensus estimate of $283.04 million. Federated Investors had a net margin of 26.25% and a return on equity of 30.19%. On average, research analysts forecast that Federated Investors Inc will post 2.37 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, November 8th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date is Wednesday, November 7th. Federated Investors’s dividend payout ratio (DPR) is currently 49.54%.
FII has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised shares of Federated Investors from an “underweight” rating to a “neutral” rating and set a $24.00 price target on the stock in a research note on Monday, September 17th. Zacks Investment Research raised shares of Federated Investors from a “sell” rating to a “hold” rating in a research note on Monday, October 1st. Keefe, Bruyette & Woods reissued a “neutral” rating and issued a $25.00 price target on shares of Federated Investors in a research note on Sunday, July 29th. Royal Bank of Canada set a $28.00 price target on shares of Federated Investors and gave the company a “hold” rating in a research note on Friday, July 27th. Finally, ValuEngine raised shares of Federated Investors from a “strong sell” rating to a “sell” rating in a research note on Saturday, October 27th. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. The stock has an average rating of “Hold” and a consensus price target of $30.21.
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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