Profund Advisors LLC Sells 901 Shares of Federated Investors Inc (FII)

Profund Advisors LLC cut its position in shares of Federated Investors Inc (NYSE:FII) by 5.6% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 15,169 shares of the asset manager’s stock after selling 901 shares during the period. Profund Advisors LLC’s holdings in Federated Investors were worth $400,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in FII. Flinton Capital Management LLC acquired a new position in shares of Federated Investors during the fourth quarter worth about $125,000. Glassman Wealth Services acquired a new position in shares of Federated Investors during the fourth quarter worth about $170,000. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Federated Investors by 16.6% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,971 shares of the asset manager’s stock worth $198,000 after buying an additional 993 shares in the last quarter. Freestone Capital Holdings LLC acquired a new position in shares of Federated Investors during the fourth quarter worth about $212,000. Finally, State of Alaska Department of Revenue boosted its position in shares of Federated Investors by 5.3% in the first quarter. State of Alaska Department of Revenue now owns 7,810 shares of the asset manager’s stock worth $205,000 after buying an additional 390 shares in the last quarter. Institutional investors own 76.42% of the company’s stock.

Institutional Ownership by Quarter for Federated Investors (NYSE:FII)

Shares of Federated Investors Inc (NYSE:FII) traded up 3.27% during trading on Thursday, hitting $26.52. 957,994 shares of the stock were exchanged. The firm’s 50-day moving average is $26.31 and its 200 day moving average is $26.94. The company has a market cap of $2.60 billion, a P/E ratio of 12.74 and a beta of 1.54. Federated Investors Inc has a 1-year low of $24.52 and a 1-year high of $33.13.

Federated Investors (NYSE:FII) last announced its earnings results on Thursday, April 27th. The asset manager reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.02. The company had revenue of $273.50 million during the quarter, compared to analysts’ expectations of $290.19 million. Federated Investors had a net margin of 18.26% and a return on equity of 32.01%. Federated Investors’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.44 earnings per share. Equities analysts forecast that Federated Investors Inc will post $2.00 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, May 15th. Stockholders of record on Monday, May 8th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, May 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.77%. Federated Investors’s payout ratio is presently 49.26%.

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A number of equities analysts have recently issued reports on the stock. 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 Thursday. Keefe, Bruyette & Woods restated an “underperform” rating on shares of Federated Investors in a research note on Monday, May 1st. Zacks Investment Research upgraded shares of Federated Investors from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Tuesday, April 25th. Citigroup Inc dropped their price objective on shares of Federated Investors from $28.50 to $28.00 and set a “neutral” rating for the company in a research note on Wednesday, January 25th. Finally, Jefferies Group LLC upgraded shares of Federated Investors from an “underperform” rating to a “hold” rating and set a $11.00 price objective for the company in a research note on Friday, March 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $25.17.

In other news, Director Gordon J. Ceresino sold 2,349 shares of the business’s 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 sale, the director now owns 185,736 shares of the company’s stock, valued at $4,747,412.16. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP John B. Fisher sold 9,191 shares of the business’s stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $26.48, for a total transaction of $243,377.68. Following the completion of the sale, the vice president now directly 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. In the last three months, insiders sold 15,918 shares of company stock valued at $419,391. 10.50% of the stock is currently owned by company 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.

12 Month Chart for NYSE:FII

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