Utah Retirement Systems raised its holdings in shares of Federated Investors, Inc. (NYSE:FII) by 2.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,346 shares of the asset manager’s stock after buying an additional 400 shares during the period. Utah Retirement Systems’ holdings in Federated Investors were worth $490,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. First National Trust Co. increased its holdings in Federated Investors by 9.3% during the second quarter. First National Trust Co. now owns 101,189 shares of the asset manager’s stock valued at $2,858,000 after buying an additional 8,585 shares during the last quarter. TrimTabs Asset Management LLC increased its holdings in Federated Investors by 105.0% during the second quarter. TrimTabs Asset Management LLC now owns 7,357 shares of the asset manager’s stock valued at $208,000 after buying an additional 3,768 shares during the last quarter. Boston Private Wealth LLC increased its holdings in Federated Investors by 16.7% during the second quarter. Boston Private Wealth LLC now owns 30,419 shares of the asset manager’s stock valued at $859,000 after buying an additional 4,351 shares during the last quarter. Hourglass Capital LLC increased its holdings in Federated Investors by 1.8% during the second quarter. Hourglass Capital LLC now owns 140,200 shares of the asset manager’s stock valued at $3,961,000 after buying an additional 2,500 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its holdings in Federated Investors by 36.3% during the second quarter. BNP Paribas Arbitrage SA now owns 47,157 shares of the asset manager’s stock valued at $1,332,000 after buying an additional 12,563 shares during the last quarter. 82.88% of the stock is owned by institutional investors and hedge funds.

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Shares of Federated Investors, Inc. (FII) opened at 27.53 on Friday. The stock has a market capitalization of $2.69 billion, a PE ratio of 13.11 and a beta of 1.42. Federated Investors, Inc. has a 52 week low of $24.52 and a 52 week high of $32.40. The stock has a 50 day moving average of $27.33 and a 200-day moving average of $27.08.

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, beating the consensus estimate of $0.50 by $0.03. The firm had revenue of $272.80 million during 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%. The business’s quarterly revenue was down 4.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.51 EPS. On average, equities research analysts expect that Federated Investors, Inc. will post $2.06 EPS for the current year.

In related news, insider Richard A. Novak sold 2,700 shares of the business’s stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $27.70, for a total value of $74,790.00. Following the completion of the sale, the insider now owns 44,741 shares of the company’s stock, valued at approximately $1,239,325.70. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 directly owns 514,905 shares of the company’s stock, valued at approximately $14,401,892.85. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,002 shares of company stock valued at $223,095. Insiders own 7.10% of the company’s stock.

A number of brokerages have recently issued reports on FII. Zacks Investment Research raised shares of Federated Investors from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research note on Tuesday, July 4th. J P Morgan Chase & Co raised shares of Federated Investors from an “underweight” rating to a “neutral” rating and set a $24.00 price objective for the company in a research note on Thursday, May 25th. Royal Bank Of Canada began coverage on shares of Federated Investors in a research note on Thursday, June 29th. They issued a “sector perform” rating and a $27.00 price objective for the company. Credit Suisse Group reduced their price objective on shares of Federated Investors from $29.00 to $27.00 and set a “neutral” rating for the company in a research note on Friday, August 11th. Finally, BidaskClub cut shares of Federated Investors from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $24.43.

Federated Investors Company Profile

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.

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

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