7,494 Shares in Federated Investors, Inc. (FII) Purchased by Freestone Capital Holdings LLC

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.

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

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