Great Lakes Advisors LLC Sells 143,026 Shares of Federated Investors Inc (NYSE:FII)

Great Lakes Advisors LLC lessened its stake in shares of Federated Investors Inc (NYSE:FII) by 43.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 184,031 shares of the asset manager’s stock after selling 143,026 shares during the quarter. Great Lakes Advisors LLC owned about 0.18% of Federated Investors worth $5,981,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Municipal Employees Retirement System of Michigan lifted its position in shares of Federated Investors by 1.7% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 17,700 shares of the asset manager’s stock worth $575,000 after purchasing an additional 300 shares during the last quarter. Capital City Trust Co. FL lifted its position in shares of Federated Investors by 1.6% during the 2nd quarter. Capital City Trust Co. FL now owns 20,542 shares of the asset manager’s stock worth $668,000 after purchasing an additional 332 shares during the last quarter. State of Alaska Department of Revenue lifted its position in shares of Federated Investors by 3.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 13,184 shares of the asset manager’s stock worth $428,000 after purchasing an additional 409 shares during the last quarter. Retirement Systems of Alabama lifted its position in shares of Federated Investors by 0.3% during the 2nd quarter. Retirement Systems of Alabama now owns 125,071 shares of the asset manager’s stock worth $4,065,000 after purchasing an additional 424 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its position in shares of Federated Investors by 1.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 38,677 shares of the asset manager’s stock worth $1,257,000 after purchasing an additional 547 shares during the last quarter. Institutional investors own 80.08% of the company’s stock.

In other news, VP Paul A. Uhlman sold 40,000 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $35.15, for a total value of $1,406,000.00. Following the completion of the transaction, the vice president now directly owns 195,364 shares of the company’s stock, valued at approximately $6,867,044.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Paul A. Uhlman sold 1,007 shares of the stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $31.82, for a total value of $32,042.74. Following the completion of the transaction, the vice president now directly owns 235,364 shares of the company’s stock, valued at $7,489,282.48. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,338 shares of company stock valued at $1,448,482. 5.50% of the stock is currently owned by insiders.

Federated Investors stock traded up $0.01 during trading hours on Thursday, hitting $32.13. The stock had a trading volume of 5,555 shares, compared to its average volume of 726,406. The company has a 50-day moving average of $33.34 and a two-hundred day moving average of $31.21. The company has a quick ratio of 1.92, a current ratio of 2.23 and a debt-to-equity ratio of 0.26. The company has a market cap of $3.26 billion, a PE ratio of 13.51, a price-to-earnings-growth ratio of 1.66 and a beta of 0.79. Federated Investors Inc has a fifty-two week low of $22.14 and a fifty-two week high of $35.98.

Federated Investors (NYSE:FII) last issued its earnings results on Thursday, July 25th. The asset manager reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.02. Federated Investors had a return on equity of 27.29% and a net margin of 19.16%. The business had revenue of $321.50 million during the quarter, compared to analysts’ expectations of $317.81 million. During the same period in the prior year, the firm posted $0.38 EPS. Federated Investors’s quarterly revenue was up 25.6% compared to the same quarter last year. As a group, analysts forecast that Federated Investors Inc will post 2.48 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 8th were issued a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.36%. Federated Investors’s payout ratio is presently 45.19%.

Several equities analysts recently weighed in on FII shares. Zacks Investment Research cut Federated Investors from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. Citigroup boosted their price objective on Federated Investors from $31.00 to $32.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 9th. JPMorgan Chase & Co. raised Federated Investors from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $34.00 to $36.00 in a research report on Monday, June 10th. Finally, ValuEngine cut Federated Investors from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. Federated Investors presently has an average rating of “Hold” and a consensus price target of $30.71.

About Federated Investors

Federated Investors, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, including high net worth individuals, banking or thrift institutions, investment companies, pension and profit sharing plans, pooled investment vehicles, charitable organizations, state or municipal government entities, and registered investment advisors.

Further Reading: Fundamental Analysis and Individual Investors

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

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