Anchor Capital Advisors LLC lessened its holdings in Federated Investors Inc (NYSE:FII) by 0.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 613,087 shares of the asset manager’s stock after selling 5,359 shares during the period. Anchor Capital Advisors LLC’s holdings in Federated Investors were worth $14,788,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of FII. Bruderman Asset Management LLC acquired a new stake in shares of Federated Investors in the 2nd quarter worth about $113,000. Itau Unibanco Holding S.A. purchased a new stake in Federated Investors in the 2nd quarter valued at about $156,000. NumerixS Investment Technologies Inc increased its stake in Federated Investors by 123.9% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 9,850 shares of the asset manager’s stock valued at $229,000 after buying an additional 5,450 shares during the last quarter. Landmark Bank purchased a new stake in Federated Investors in the 2nd quarter valued at about $233,000. Finally, Unison Advisors LLC purchased a new stake in Federated Investors in the 2nd quarter valued at about $279,000. Institutional investors own 84.07% of the company’s stock.
NYSE:FII opened at $24.73 on Friday. The company has a quick ratio of 3.27, a current ratio of 1.65 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of 11.34, a PEG ratio of 1.64 and a beta of 1.27. Federated Investors Inc has a 52 week low of $22.06 and a 52 week high of $36.76.
Federated Investors (NYSE:FII) last issued its quarterly earnings results on Thursday, October 25th. The asset manager reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.05. Federated Investors had a net margin of 26.25% and a return on equity of 30.19%. The company had revenue of $308.62 million during the quarter, compared to analyst estimates of $283.04 million. Equities analysts forecast that Federated Investors Inc will post 2.37 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, November 8th will be paid a dividend of $0.27 per share. The ex-dividend date is Wednesday, November 7th. This represents a $1.08 annualized dividend and a dividend yield of 4.37%. Federated Investors’s payout ratio is currently 49.54%.
FII has been the subject of several analyst reports. JPMorgan Chase & Co. upgraded shares of Federated Investors from an “underweight” rating to a “neutral” rating and set a $24.00 price objective for the company in a research note on Monday, September 17th. Zacks Investment Research upgraded shares of Federated Investors from a “sell” rating to a “hold” rating in a research note on Monday, October 1st. Keefe, Bruyette & Woods reiterated a “neutral” rating and issued a $25.00 price objective on shares of Federated Investors in a research note on Sunday, July 29th. Royal Bank of Canada set a $28.00 price objective on shares of Federated Investors and gave the company a “hold” rating in a research note on Friday, July 27th. Finally, ValuEngine upgraded 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 given a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus target price 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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