Profund Advisors LLC decreased its holdings in shares of Federated Investors, Inc. (NYSE:FII) by 34.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,886 shares of the asset manager’s stock after selling 5,283 shares during the quarter. Profund Advisors LLC’s holdings in Federated Investors were worth $279,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of FII. UBS Asset Management Americas Inc. boosted its holdings in shares of Federated Investors by 16.7% during the first quarter. UBS Asset Management Americas Inc. now owns 73,555 shares of the asset manager’s stock worth $1,937,000 after purchasing an additional 10,508 shares during the last quarter. Karp Capital Management Corp acquired a new stake in shares of Federated Investors during the first quarter worth $550,000. Ameriprise Financial Inc. boosted its holdings in shares of Federated Investors by 19.8% during the first quarter. Ameriprise Financial Inc. now owns 344,964 shares of the asset manager’s stock worth $9,087,000 after purchasing an additional 56,962 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Federated Investors by 25.9% during the first quarter. JPMorgan Chase & Co. now owns 98,525 shares of the asset manager’s stock worth $2,595,000 after purchasing an additional 20,246 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of Federated Investors by 108.8% during the first quarter. SG Americas Securities LLC now owns 26,045 shares of the asset manager’s stock worth $686,000 after purchasing an additional 13,574 shares during the last quarter. Institutional investors and hedge funds own 82.90% of the company’s stock.
Federated Investors, Inc. (NYSE:FII) opened at 30.99 on Wednesday. The company has a 50-day moving average price of $28.31 and a 200-day moving average price of $27.50. The firm has a market cap of $3.02 billion, a PE ratio of 14.76 and a beta of 1.45. Federated Investors, Inc. has a one year low of $24.52 and a one year high of $31.15.
Federated Investors (NYSE:FII) last posted its quarterly earnings results on Thursday, July 27th. The asset manager reported $0.53 EPS for the quarter, beating the 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 business had revenue of $272.80 million for the quarter, compared to analysts’ expectations of $278.51 million. During the same period in the previous year, the company posted $0.51 EPS. Federated Investors’s revenue was down 4.8% on a year-over-year basis. Equities analysts predict that Federated Investors, Inc. will post $2.07 earnings per share for the current fiscal year.
In other news, VP John B. Fisher sold 5,041 shares of the business’s stock in a transaction on Wednesday, August 2nd. The shares were 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 in the company, valued at approximately $14,401,892.85. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 7.10% of the company’s stock.
Several equities research analysts have recently issued reports on FII shares. BidaskClub upgraded Federated Investors from a “sell” rating to a “hold” rating in a report on Saturday, June 17th. Royal Bank Of Canada initiated coverage on Federated Investors in a report on Thursday, June 29th. They issued a “sector perform” rating and a $27.00 target price on the stock. Zacks Investment Research upgraded Federated Investors from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a report on Tuesday, July 4th. Keefe, Bruyette & Woods reiterated a “sell” rating and issued a $28.00 target price on shares of Federated Investors in a report on Friday, July 14th. Finally, Credit Suisse Group reduced their target price on Federated Investors from $29.00 to $27.00 and set a “neutral” rating on the stock in a report on Friday, August 11th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $27.71.
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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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