First Quadrant L P CA reduced its position in shares of Federated Investors, Inc. (NYSE:FII) by 33.9% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 332,097 shares of the asset manager’s stock after selling 170,299 shares during the period. First Quadrant L P CA owned approximately 0.34% of Federated Investors worth $9,382,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Tyers Asset Management LLC boosted its stake in shares of Federated Investors by 12.7% in the first quarter. Tyers Asset Management LLC now owns 3,916 shares of the asset manager’s stock worth $103,000 after buying an additional 440 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Federated Investors by 60.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,126 shares of the asset manager’s stock valued at $109,000 after buying an additional 1,559 shares during the last quarter. First Bank & Trust boosted its stake in Federated Investors by 16.9% in the first quarter. First Bank & Trust now owns 4,346 shares of the asset manager’s stock valued at $115,000 after buying an additional 627 shares during the last quarter. Flinton Capital Management LLC boosted its stake in Federated Investors by 12.7% in the first quarter. Flinton Capital Management LLC now owns 4,984 shares of the asset manager’s stock valued at $131,000 after buying an additional 560 shares during the last quarter. Finally, FNY Partners Fund LP purchased a new stake in Federated Investors during the first quarter valued at about $131,000. Institutional investors and hedge funds own 85.54% of the company’s stock.
Shares of Federated Investors, Inc. (FII) opened at 27.48 on Wednesday. Federated Investors, Inc. has a 12 month low of $24.52 and a 12 month high of $33.13. The firm’s 50 day moving average is $28.52 and its 200-day moving average is $27.01. The firm has a market capitalization of $2.68 billion, a PE ratio of 13.09 and a beta of 1.42.
Federated Investors (NYSE:FII) last posted its quarterly earnings data on Thursday, July 27th. The asset manager reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.03. Federated Investors had a net margin of 18.91% and a return on equity of 33.93%. The company had revenue of $272.80 million during the quarter, compared to the consensus estimate of $278.51 million. During the same quarter in the prior year, the company posted $0.51 EPS. The company’s quarterly revenue was down 4.8% compared to the same quarter last year. On average, analysts expect that Federated Investors, Inc. will post $2.06 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 8th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date is Friday, August 4th. Federated Investors’s dividend payout ratio is currently 48.08%.
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FII has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Federated Investors from a “hold” rating to a “sell” rating in a research report on Tuesday, April 11th. Keefe, Bruyette & Woods restated an “underperform” rating on shares of Federated Investors in a research report on Monday, May 1st. J P Morgan 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 report on Thursday, May 25th. ValuEngine cut shares of Federated Investors from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Citigroup Inc. cut shares of Federated Investors from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $26.00 to $24.00 in a research report on Monday, June 5th. Three investment analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $24.71.
In other news, VP John B. Fisher sold 5,041 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $27.97, for a total transaction of $140,996.77. Following the completion of the transaction, the vice president now owns 514,905 shares of the company’s stock, valued at approximately $14,401,892.85. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Richard A. Novak sold 2,700 shares of the company’s stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of $27.70, for a total transaction of $74,790.00. Following the transaction, the insider now directly owns 44,741 shares of the company’s stock, valued at approximately $1,239,325.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,875 shares of company stock valued at $246,998. Corporate insiders own 7.10% of the company’s stock.
About Federated Investors
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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