Federated Investors, Inc. (FII) Shares Sold by DekaBank Deutsche Girozentrale
DekaBank Deutsche Girozentrale cut its stake in shares of Federated Investors, Inc. (NYSE:FII) by 0.2% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 187,600 shares of the asset manager’s stock after selling 300 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Federated Investors were worth $5,229,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in Federated Investors by 15,254.4% in the first quarter. BlackRock Inc. now owns 9,951,364 shares of the asset manager’s stock valued at $262,118,000 after buying an additional 9,886,553 shares in the last quarter. FMR LLC boosted its position in Federated Investors by 0.3% in the first quarter. FMR LLC now owns 8,791,769 shares of the asset manager’s stock valued at $231,575,000 after buying an additional 29,992 shares in the last quarter. Vanguard Group Inc. boosted its position in Federated Investors by 1.7% in the first quarter. Vanguard Group Inc. now owns 8,094,838 shares of the asset manager’s stock valued at $213,218,000 after buying an additional 135,042 shares in the last quarter. Royce & Associates LP boosted its position in Federated Investors by 11.8% in the first quarter. Royce & Associates LP now owns 4,330,939 shares of the asset manager’s stock valued at $114,077,000 after buying an additional 458,715 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its position in Federated Investors by 2.5% in the second quarter. Great West Life Assurance Co. Can now owns 3,559,839 shares of the asset manager’s stock valued at $100,345,000 after buying an additional 86,778 shares in the last quarter. 84.91% of the stock is currently owned by hedge funds and other institutional investors.
Federated Investors, Inc. (NYSE FII) opened at 27.37 on Wednesday. The company has a market capitalization of $2.67 billion, a PE ratio of 13.03 and a beta of 1.42. Federated Investors, Inc. has a 52 week low of $24.52 and a 52 week high of $33.13. The company has a 50-day moving average of $28.47 and a 200-day moving average of $27.02.
Federated Investors (NYSE:FII) last posted its earnings results on Thursday, July 27th. The asset manager reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.03. The business had revenue of $272.80 million for the quarter, compared to analyst estimates of $278.51 million. Federated Investors had a net margin of 18.91% and a return on equity of 33.93%. Federated Investors’s revenue was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 EPS. On average, equities research analysts anticipate that Federated Investors, Inc. will post $2.05 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Tuesday, August 8th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date was Friday, August 4th. Federated Investors’s dividend payout ratio (DPR) is presently 48.08%.
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Several research analysts have weighed in on FII shares. ValuEngine cut shares of Federated Investors from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub cut shares of Federated Investors from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Keefe, Bruyette & Woods reaffirmed a “sell” rating and set a $27.00 target price on shares of Federated Investors in a report on Thursday, August 3rd. Citigroup Inc. cut shares of Federated Investors from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $26.00 to $24.00 in a report on Monday, June 5th. Finally, Zacks Investment Research raised shares of Federated Investors from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Tuesday, April 25th. Three investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $24.71.
In related news, VP John B. Fisher sold 5,041 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $27.97, for a total transaction of $140,996.77. Following the sale, the vice president now owns 514,905 shares of the company’s stock, valued at approximately $14,401,892.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Richard A. Novak sold 2,700 shares of the company’s stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $27.70, for a total transaction of $74,790.00. Following the sale, the insider now directly owns 44,741 shares in the company, valued at approximately $1,239,325.70. The disclosure for this sale can be found here. Insiders have sold a total of 8,875 shares of company stock worth $246,998 in the last ninety days. 7.10% of the stock is currently owned by insiders.
About Federated Investors
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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