GRT Capital Partners L.L.C. maintained its stake in shares of Federated Investors, Inc. (NYSE:FII) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,398 shares of the asset manager’s stock at the end of the 2nd quarter. GRT Capital Partners L.L.C.’s holdings in Federated Investors were worth $294,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Teachers Advisors LLC increased its holdings in shares of Federated Investors by 5.7% during the second quarter. Teachers Advisors LLC now owns 105,010 shares of the asset manager’s stock valued at $2,967,000 after purchasing an additional 5,654 shares during the period. CWA Asset Management Group LLC increased its holdings in shares of Federated Investors by 2.5% during the second quarter. CWA Asset Management Group LLC now owns 76,507 shares of the asset manager’s stock valued at $2,161,000 after purchasing an additional 1,892 shares during the period. Riverhead Capital Management LLC increased its holdings in shares of Federated Investors by 68.8% during the second quarter. Riverhead Capital Management LLC now owns 7,425 shares of the asset manager’s stock valued at $210,000 after purchasing an additional 3,025 shares during the period. Alliancebernstein L.P. increased its holdings in shares of Federated Investors by 4.8% during the second quarter. Alliancebernstein L.P. now owns 61,180 shares of the asset manager’s stock valued at $1,728,000 after purchasing an additional 2,780 shares during the period. Finally, HPM Partners LLC increased its holdings in shares of Federated Investors by 71.2% during the second quarter. HPM Partners LLC now owns 33,557 shares of the asset manager’s stock valued at $600,000 after purchasing an additional 13,957 shares during the period. 82.88% of the stock is currently owned by hedge funds and other institutional investors.

Federated Investors, Inc. (NYSE FII) opened at 27.405 on Friday. The company’s 50-day moving average price is $27.33 and its 200-day moving average price is $27.09. Federated Investors, Inc. has a 12-month low of $24.52 and a 12-month high of $32.40. The firm has a market capitalization of $2.67 billion, a price-to-earnings ratio of 13.050 and a beta of 1.42.

Federated Investors (NYSE:FII) last released its earnings results on Thursday, July 27th. The asset manager reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.03. The company had revenue of $272.80 million during the quarter, compared to the consensus estimate of $278.51 million. Federated Investors had a return on equity of 33.93% and a net margin of 18.91%. The firm’s quarterly revenue was down 4.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.51 earnings per share. Equities analysts expect that Federated Investors, Inc. will post $2.06 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “GRT Capital Partners L.L.C. Has $294,000 Position in Federated Investors, Inc. (FII)” was first published by Daily Political and is owned by of Daily Political. If you are reading this news story on another website, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The legal version of this news story can be read at https://www.dailypolitical.com/2017/09/15/grt-capital-partners-l-l-c-has-294000-position-in-federated-investors-inc-fii.html.

In other news, VP John B. Fisher sold 5,041 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $27.97, for a total transaction of $140,996.77. Following the completion of the sale, the vice president now owns 514,905 shares in the company, valued at $14,401,892.85. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Richard A. Novak sold 2,700 shares of the business’s stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $27.70, for a total value of $74,790.00. Following the sale, the insider now owns 44,741 shares of the company’s stock, valued at approximately $1,239,325.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,002 shares of company stock valued at $223,095. 7.10% of the stock is currently owned by corporate insiders.

A number of brokerages have recently commented on FII. BidaskClub lowered Federated Investors from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Keefe, Bruyette & Woods reissued a “sell” rating and set a $28.00 price target on shares of Federated Investors in a report on Friday, July 14th. Zacks Investment Research lowered Federated Investors from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Royal Bank Of Canada set a $28.00 price target on Federated Investors and gave the company a “hold” rating in a report on Friday, July 28th. Finally, Credit Suisse Group lowered their price target on Federated Investors from $29.00 to $27.00 and set a “neutral” rating on the stock in a report on Friday, August 11th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $24.43.

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.

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