DekaBank Deutsche Girozentrale trimmed its position in Federated Investors Inc (NYSE:FII) by 11.9% during the third quarter, HoldingsChannel.com reports. The firm owned 29,700 shares of the asset manager’s stock after selling 4,000 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Federated Investors were worth $678,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of Federated Investors by 23.0% in the 3rd quarter. BlackRock Inc. now owns 13,298,541 shares of the asset manager’s stock valued at $320,762,000 after purchasing an additional 2,483,909 shares during the period. Great West Life Assurance Co. Can raised its holdings in shares of Federated Investors by 6.9% in the 2nd quarter. Great West Life Assurance Co. Can now owns 5,452,816 shares of the asset manager’s stock valued at $127,278,000 after purchasing an additional 351,738 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Federated Investors by 4.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,089,719 shares of the asset manager’s stock valued at $72,052,000 after purchasing an additional 134,621 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Federated Investors by 7.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,893,503 shares of the asset manager’s stock valued at $67,476,000 after purchasing an additional 211,748 shares during the period. Finally, Fortis Advisors LLC raised its holdings in shares of Federated Investors by 0.5% in the 2nd quarter. Fortis Advisors LLC now owns 1,964,724 shares of the asset manager’s stock valued at $45,813,000 after purchasing an additional 9,160 shares during the period. 83.90% of the stock is currently owned by institutional investors.
A number of equities research analysts have recently issued reports on FII shares. Royal Bank of Canada set a $26.00 target price on shares of Federated Investors and gave the company a “hold” rating in a report on Monday, October 29th. ValuEngine raised shares of Federated Investors from a “strong sell” rating to a “sell” rating in a report on Saturday, October 27th. JPMorgan Chase & Co. raised shares of Federated Investors from an “underweight” rating to a “neutral” rating and set a $24.00 target price on the stock in a report on Monday, September 17th. Zacks Investment Research raised shares of Federated Investors from a “sell” rating to a “hold” rating in a report on Monday, October 1st. Finally, Deutsche Bank dropped their target price on shares of Federated Investors from $24.00 to $22.00 and set a “hold” rating on the stock in a report on Friday, November 16th. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $26.79.
Federated Investors stock opened at $24.89 on Friday. The stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of 11.42, a P/E/G ratio of 1.61 and a beta of 1.13. The company has a current ratio of 1.65, a quick ratio of 1.41 and a debt-to-equity ratio of 0.19. Federated Investors Inc has a twelve month low of $22.06 and a twelve month high of $36.76.
Federated Investors (NYSE:FII) last released its quarterly earnings results on Thursday, October 25th. The asset manager reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.05. The firm had revenue of $308.62 million for the quarter, compared to analysts’ expectations of $283.04 million. Federated Investors had a net margin of 26.25% and a return on equity of 30.19%. As a group, equities analysts forecast that Federated Investors Inc will post 2.39 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Thursday, November 8th were issued a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, November 7th. This represents a $1.08 annualized dividend and a yield of 4.34%. Federated Investors’s dividend payout ratio is currently 49.54%.
In other Federated Investors news, VP John B. Fisher sold 10,099 shares of the stock in a transaction dated Friday, November 2nd. The shares were sold at an average price of $24.89, for a total value of $251,364.11. Following the transaction, the vice president now directly owns 541,485 shares of the company’s stock, valued at approximately $13,477,561.65. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Peter J. Germain sold 1,415 shares of the stock in a transaction dated Friday, November 2nd. The shares were sold at an average price of $25.06, for a total transaction of $35,459.90. Following the completion of the transaction, the executive vice president now directly owns 92,764 shares in the company, valued at $2,324,665.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,712 shares of company stock worth $291,790. Insiders own 5.30% of the company’s stock.
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Federated Investors Company 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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