Freestone Capital Holdings LLC purchased a new stake in Federated Investors, Inc. (NYSE:FII) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 7,494 shares of the asset manager’s stock, valued at approximately $212,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Tyers Asset Management LLC boosted its holdings 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 valued at $103,000 after acquiring an additional 440 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of 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 acquiring an additional 1,559 shares during the period. Flinton Capital Management LLC boosted its holdings in shares of 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 acquiring an additional 560 shares during the period. FNY Partners Fund LP acquired a new stake in shares of Federated Investors in the first quarter valued at approximately $131,000. Finally, Neuburgh Advisers LLC lifted its holdings in shares of Federated Investors by 12.7% during the first quarter. Neuburgh Advisers LLC now owns 6,052 shares of the asset manager’s stock worth $159,000 after purchasing an additional 680 shares during the period. 82.88% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts recently weighed in on FII shares. Royal Bank Of Canada started coverage on Federated Investors in a report on Thursday, June 29th. They set a “sector perform” rating and a $27.00 price target for the company. BidaskClub downgraded Federated Investors from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Zacks Investment Research downgraded Federated Investors from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. J P Morgan Chase & Co upgraded 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. Finally, ValuEngine cut Federated Investors from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Three equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. The stock has an average rating of “Hold” and an average price target of $24.71.
In related news, VP John B. Fisher sold 5,041 shares of the company’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $27.97, for a total transaction of $140,996.77. Following the transaction, the vice president now directly owns 514,905 shares of the company’s stock, valued at $14,401,892.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Richard A. Novak sold 2,700 shares of the company’s stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $27.70, for a total value of $74,790.00. Following the transaction, the insider now directly owns 44,741 shares in the company, valued at $1,239,325.70. The disclosure for this sale can be found here. Insiders have sold 8,875 shares of company stock worth $246,998 over the last three months. 7.10% of the stock is owned by insiders.
Shares of Federated Investors, Inc. (NYSE FII) opened at 26.66 on Monday. Federated Investors, Inc. has a 52 week low of $24.52 and a 52 week high of $32.91. The firm has a 50-day moving average price of $27.57 and a 200-day moving average price of $27.08. The firm has a market capitalization of $2.60 billion, a price-to-earnings ratio of 12.70 and a beta of 1.42.
Federated Investors (NYSE:FII) last posted its quarterly earnings results on Thursday, July 27th. The asset manager reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.03. The firm had revenue of $272.80 million for the quarter, compared to analyst estimates of $278.51 million. Federated Investors had a return on equity of 33.93% and a net margin of 18.91%. Federated Investors’s quarterly revenue was down 4.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.51 earnings per share. On average, equities analysts expect that Federated Investors, Inc. will post $2.06 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Tuesday, August 8th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.75%. The ex-dividend date was Friday, August 4th. Federated Investors’s payout ratio is 48.08%.
Federated Investors 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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