16,936 Shares in Federated Investors, Inc. (FII) Acquired by Old Mutual Global Investors UK Ltd.
Old Mutual Global Investors UK Ltd. bought a new stake in Federated Investors, Inc. (NYSE:FII) during the third quarter, Holdings Channel reports. The fund bought 16,936 shares of the company’s stock, valued at approximately $501,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Advisory Services Network LLC boosted its position in Federated Investors by 787.5% in the second quarter. Advisory Services Network LLC now owns 3,550 shares of the company’s stock valued at $102,000 after buying an additional 3,150 shares during the period. Victory Capital Management Inc. boosted its position in Federated Investors by 77.5% in the second quarter. Victory Capital Management Inc. now owns 3,704 shares of the company’s stock valued at $107,000 after buying an additional 1,617 shares during the period. Glenmede Trust Co. NA purchased a new position in Federated Investors during the second quarter valued at approximately $130,000. JFS Wealth Advisors LLC purchased a new position in Federated Investors during the second quarter valued at approximately $147,000. Finally, LS Investment Advisors LLC boosted its position in Federated Investors by 72.3% in the second quarter. LS Investment Advisors LLC now owns 5,662 shares of the company’s stock valued at $163,000 after buying an additional 2,375 shares during the period. Hedge funds and other institutional investors own 78.34% of the company’s stock.
Shares of Federated Investors, Inc. (NYSE:FII) traded up 0.22% during mid-day trading on Friday, reaching $27.69. 729,833 shares of the company were exchanged. Federated Investors, Inc. has a 12 month low of $22.76 and a 12 month high of $33.13. The stock has a market capitalization of $2.74 billion, a P/E ratio of 14.35 and a beta of 1.59. The firm has a 50-day moving average price of $28.11 and a 200 day moving average price of $29.40.
Federated Investors (NYSE:FII) last announced its quarterly earnings data on Thursday, October 27th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.02. Federated Investors had a return on equity of 30.13% and a net margin of 18.28%. The business had revenue of $294.60 million for the quarter, compared to analysts’ expectations of $264.41 million. During the same period in the previous year, the business posted $0.42 EPS. The firm’s quarterly revenue was up 25.7% compared to the same quarter last year. Equities research analysts anticipate that Federated Investors, Inc. will post $1.99 EPS for the current fiscal year.
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Several research analysts have recently issued reports on FII shares. Jefferies Group cut shares of Federated Investors from a “buy” rating to a “hold” rating and decreased their price objective for the company from $32.00 to $27.00 in a report on Monday, November 21st. Credit Suisse Group reiterated a “sell” rating and issued a $26.00 price objective on shares of Federated Investors in a report on Monday, November 7th. Keefe, Bruyette & Woods set a $30.00 price objective on shares of Federated Investors and gave the company a “hold” rating in a report on Friday, October 14th. J P Morgan Chase & Co reiterated an “underweight” rating on shares of Federated Investors in a report on Thursday. Finally, Zacks Investment Research cut shares of Federated Investors from a “hold” rating to a “sell” rating in a report on Thursday, October 13th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $29.25.
In other Federated Investors news, VP John B. Fisher sold 6,588 shares of Federated Investors stock in a transaction dated Wednesday, November 2nd. The stock was sold at an average price of $25.94, for a total transaction of $170,892.72. Following the completion of the transaction, the vice president now owns 469,442 shares of the company’s stock, valued at approximately $12,177,325.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gordon J. Ceresino sold 5,570 shares of Federated Investors stock in a transaction dated Wednesday, November 2nd. The shares were sold at an average price of $26.01, for a total value of $144,875.70. Following the transaction, the insider now directly owns 176,914 shares of the company’s stock, valued at approximately $4,601,533.14. The disclosure for this sale can be found here. 10.50% of the stock is owned by corporate insiders.
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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