First Midwest Bank Trust Division Invests $300,000 in Federated Investors Inc. (FII)
First Midwest Bank Trust Division bought a new position in shares of Federated Investors Inc. (NYSE:FII) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 10,420 shares of the company’s stock, valued at approximately $300,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Federated Investors during the fourth quarter worth approximately $35,504,000. BlackRock Fund Advisors boosted its position in Federated Investors by 8.3% in the first quarter. BlackRock Fund Advisors now owns 6,138,156 shares of the company’s stock worth $177,086,000 after buying an additional 470,282 shares during the last quarter. Renaissance Technologies LLC boosted its position in Federated Investors by 42.5% in the first quarter. Renaissance Technologies LLC now owns 652,700 shares of the company’s stock worth $18,830,000 after buying an additional 194,600 shares during the last quarter. Central Bank & Trust Co. purchased a new position in Federated Investors during the second quarter worth approximately $3,060,000. Finally, Prudential Financial Inc. boosted its position in Federated Investors by 43.6% in the first quarter. Prudential Financial Inc. now owns 346,162 shares of the company’s stock worth $9,987,000 after buying an additional 105,100 shares during the last quarter. Institutional investors own 75.46% of the company’s stock.
Federated Investors Inc. (NYSE:FII) traded down 4.00% during mid-day trading on Friday, hitting $28.31. The company’s stock had a trading volume of 1,663,745 shares. The company has a market cap of $2.82 billion, a P/E ratio of 15.55 and a beta of 1.51. The firm’s 50-day moving average is $31.30 and its 200-day moving average is $30.76. Federated Investors Inc. has a 12-month low of $22.76 and a 12-month high of $33.13.
Federated Investors (NYSE:FII) last released its earnings results on Thursday, July 28th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The firm had revenue of $286.74 million for the quarter, compared to analysts’ expectations of $284.39 million. Federated Investors had a return on equity of 28.98% and a net margin of 18.30%. The company’s quarterly revenue was up 25.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.40 earnings per share. Analysts predict that Federated Investors Inc. will post $1.98 EPS for the current fiscal year.
A number of research analysts have recently commented on FII shares. Jefferies Group raised their target price on Federated Investors from $35.00 to $37.00 and gave the company a “buy” rating in a research note on Monday, August 8th. Zacks Investment Research upgraded Federated Investors from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research note on Wednesday, August 10th. Keefe, Bruyette & Woods raised their target price on Federated Investors from $33.00 to $35.00 and gave the company a “market perform” rating in a research note on Monday, August 1st. Finally, Credit Suisse Group AG set a $27.00 target price on Federated Investors and gave the company a “sell” rating in a research note on Sunday, July 31st. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Federated Investors presently has a consensus rating of “Hold” and an average price target of $31.00.
Federated Investors Company Profile
Federated Investors, Inc (Federated) is a provider of investment management products and related financial services. The Company 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, in both domestic and international markets.
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