First National Trust Co. lifted its position in Federated Investors, Inc. (NYSE:FII) by 7.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 108,801 shares of the asset manager’s stock after acquiring an additional 7,612 shares during the quarter. First National Trust Co. owned 0.11% of Federated Investors worth $3,232,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the company. New York State Common Retirement Fund lifted its holdings in shares of Federated Investors by 2.8% in the 3rd quarter. New York State Common Retirement Fund now owns 547,170 shares of the asset manager’s stock worth $16,251,000 after acquiring an additional 15,140 shares during the last quarter. Retirement Systems of Alabama increased its stake in Federated Investors by 2.9% in the 3rd quarter. Retirement Systems of Alabama now owns 123,040 shares of the asset manager’s stock worth $3,654,000 after buying an additional 3,440 shares during the period. FDx Advisors Inc. purchased a new position in Federated Investors in the 3rd quarter worth about $245,000. Bessemer Group Inc. purchased a new position in Federated Investors in the 3rd quarter worth about $126,000. Finally, Principal Financial Group Inc. increased its stake in Federated Investors by 3.3% in the 3rd quarter. Principal Financial Group Inc. now owns 413,855 shares of the asset manager’s stock worth $12,292,000 after buying an additional 13,331 shares during the period. Hedge funds and other institutional investors own 83.84% of the company’s stock.
FII has been the topic of several recent analyst reports. Deutsche Bank AG initiated coverage on shares of Federated Investors in a research note on Tuesday, October 17th. They issued a “hold” rating and a $31.00 price target on the stock. BidaskClub downgraded shares of Federated Investors from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Zacks Investment Research raised shares of Federated Investors from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research note on Monday, October 2nd. Argus downgraded shares of Federated Investors from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. Finally, Keefe, Bruyette & Woods reaffirmed a “sell” rating and issued a $31.00 price target on shares of Federated Investors in a research note on Wednesday, November 1st. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. Federated Investors currently has a consensus rating of “Hold” and a consensus target price of $28.75.
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In other Federated Investors news, VP John B. Fisher sold 6,460 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $31.49, for a total transaction of $203,425.40. Following the transaction, the vice president now owns 508,445 shares of the company’s stock, valued at approximately $16,010,933.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 7,776 shares of company stock worth $244,827 in the last three months. Insiders own 7.10% of the company’s stock.
Federated Investors, Inc. (FII) traded up $0.14 during midday trading on Monday, reaching $30.69. 341,400 shares of the company’s stock were exchanged, compared to its average volume of 718,725. The company has a quick ratio of 1.89, a current ratio of 3.33 and a debt-to-equity ratio of 0.27. The stock has a market cap of $3,096.74, a P/E ratio of 14.61, a price-to-earnings-growth ratio of 2.85 and a beta of 1.56. Federated Investors, Inc. has a 1-year low of $24.93 and a 1-year high of $31.82.
Federated Investors (NYSE:FII) last posted its earnings results on Thursday, October 26th. The asset manager reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. The business had revenue of $278.32 million for the quarter, compared to the consensus estimate of $278.51 million. Federated Investors had a net margin of 19.32% and a return on equity of 34.54%. The company’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.54 EPS. equities research analysts expect that Federated Investors, Inc. will post 2.13 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 8th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date of this dividend is Tuesday, November 7th. Federated Investors’s dividend payout ratio (DPR) is 47.62%.
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.
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