Guggenheim Capital LLC raised its stake in Federated Investors Inc (NYSE:FII) by 150.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 115,887 shares of the asset manager’s stock after buying an additional 69,645 shares during the period. Guggenheim Capital LLC owned about 0.12% of Federated Investors worth $3,277,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Great West Life Assurance Co. Can increased its stake in Federated Investors by 1.4% in the third quarter. Great West Life Assurance Co. Can now owns 3,379,407 shares of the asset manager’s stock worth $100,001,000 after buying an additional 45,694 shares during the period. Simmons Bank purchased a new stake in Federated Investors during the third quarter worth $1,940,000. Zurich Insurance Group Ltd FI purchased a new stake in Federated Investors during the fourth quarter worth $1,086,000. Rafferty Asset Management LLC purchased a new stake in Federated Investors during the fourth quarter worth $3,193,000. Finally, UBS Asset Management Americas Inc. increased its stake in Federated Investors by 0.8% in the third quarter. UBS Asset Management Americas Inc. now owns 89,262 shares of the asset manager’s stock worth $2,645,000 after buying an additional 700 shares during the period. Institutional investors and hedge funds own 76.42% of the company’s stock.
Shares of Federated Investors Inc (NYSE:FII) traded up 0.60% during mid-day trading on Friday, reaching $27.04. 903,841 shares of the company’s stock traded hands. Federated Investors Inc has a 52 week low of $24.52 and a 52 week high of $33.13. The firm has a market cap of $2.65 billion, a price-to-earnings ratio of 13.32 and a beta of 1.54. The company’s 50 day moving average is $26.30 and its 200-day moving average is $27.16.
Federated Investors (NYSE:FII) last posted its quarterly earnings data on Thursday, January 26th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. Federated Investors had a net margin of 18.26% and a return on equity of 32.01%. The business earned $289.90 million during the quarter, compared to the consensus estimate of $294.38 million. During the same quarter last year, the company posted $0.46 earnings per share. The firm’s quarterly revenue was up 19.0% compared to the same quarter last year. Equities analysts expect that Federated Investors Inc will post $1.99 earnings per share for the current fiscal year.
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A number of equities research analysts have weighed in on FII shares. Zacks Investment Research upgraded Federated Investors from a “sell” rating to a “hold” rating in a research report on Friday, January 6th. Jefferies Group LLC set a $28.00 price objective on Federated Investors and gave the company a “hold” rating in a research report on Tuesday, January 10th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Federated Investors in a research report on Thursday, January 12th. Citigroup Inc cut their price objective on Federated Investors from $28.50 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, January 25th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Federated Investors in a research report on Tuesday, April 4th. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $26.40.
In other news, Director Gordon J. Ceresino sold 2,349 shares of Federated Investors stock in a transaction dated Tuesday, March 21st. The shares were sold at an average price of $25.56, for a total value of $60,040.44. Following the completion of the transaction, the director now owns 185,736 shares in the company, valued at $4,747,412.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John B. Fisher sold 9,191 shares of Federated Investors stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $26.48, for a total transaction of $243,377.68. Following the completion of the transaction, the vice president now owns 478,751 shares of the company’s stock, valued at approximately $12,677,326.48. The disclosure for this sale can be found here. Insiders have sold 15,918 shares of company stock valued at $419,391 in the last 90 days. 10.50% of the stock is currently owned by corporate insiders.
Federated Investors Company Profile
Federated Investors, Inc (Federated) is a provider of investment management products and related financial services. Federated operates through investment management business segment. It is engaged in sponsoring, marketing and providing investment-related services to various investment products, including mutual funds and Separate Accounts, which include separately managed accounts, institutional accounts, sub-advised funds and other managed products.
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