Muhlenkamp & Co. Inc. Decreases Position in Federated Investors Inc (NYSE:FII)

Muhlenkamp & Co. Inc. decreased its stake in Federated Investors Inc (NYSE:FII) by 0.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 247,158 shares of the asset manager’s stock after selling 511 shares during the period. Federated Investors makes up 3.9% of Muhlenkamp & Co. Inc.’s portfolio, making the stock its 11th biggest position. Muhlenkamp & Co. Inc. owned 0.24% of Federated Investors worth $8,033,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the company. FMR LLC boosted its holdings in Federated Investors by 40.5% in the first quarter. FMR LLC now owns 2,266 shares of the asset manager’s stock valued at $66,000 after purchasing an additional 653 shares during the last quarter. Signaturefd LLC boosted its holdings in Federated Investors by 92.5% in the first quarter. Signaturefd LLC now owns 2,435 shares of the asset manager’s stock valued at $71,000 after purchasing an additional 1,170 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in Federated Investors by 34.8% in the second quarter. Tower Research Capital LLC TRC now owns 2,563 shares of the asset manager’s stock valued at $83,000 after purchasing an additional 662 shares during the last quarter. Point72 Hong Kong Ltd boosted its holdings in Federated Investors by 205.7% in the second quarter. Point72 Hong Kong Ltd now owns 2,974 shares of the asset manager’s stock valued at $97,000 after purchasing an additional 2,001 shares during the last quarter. Finally, ETF Managers Group LLC purchased a new position in Federated Investors in the second quarter valued at about $200,000. 82.81% of the stock is owned by institutional investors.

NYSE:FII traded down $0.70 during trading hours on Tuesday, reaching $31.71. 12,407 shares of the stock were exchanged, compared to its average volume of 519,219. 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 firm has a 50 day simple moving average of $32.26 and a 200-day simple moving average of $31.95. Federated Investors Inc has a 52 week low of $22.14 and a 52 week high of $35.98. The stock has a market capitalization of $3.28 billion, a P/E ratio of 13.32, a P/E/G ratio of 1.67 and a beta of 0.78.

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

In other Federated Investors 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 transaction of $1,406,000.00. Following the transaction, the vice president now owns 195,364 shares of the company’s stock, valued at approximately $6,867,044.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 5.50% of the company’s stock.

A number of brokerages recently commented on FII. JPMorgan Chase & Co. raised Federated Investors from a “neutral” rating to an “overweight” rating and increased their price target for the company from $34.00 to $36.00 in a report on Monday, June 10th. Citigroup increased their price target on Federated Investors from $31.00 to $32.00 and gave the company a “neutral” rating in a report on Tuesday, July 9th. Finally, ValuEngine downgraded Federated Investors from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. Federated Investors presently has an average rating of “Hold” and an average target price of $30.71.

Federated Investors Profile

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.

See Also: What are trading strategies for the 52-week high/low?

Want to see what other hedge funds are holding FII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Federated Investors Inc (NYSE:FII).

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

Receive News & Ratings for Federated Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federated Investors and related companies with MarketBeat.com's FREE daily email newsletter.