Muhlenkamp & Co. Inc. decreased its stake in Federated Investors, Inc. (NYSE:FII) by 0.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 298,936 shares of the asset manager’s stock after selling 285 shares during the period. Federated Investors accounts for 2.6% of Muhlenkamp & Co. Inc.’s investment portfolio, making the stock its 16th largest holding. Muhlenkamp & Co. Inc. owned about 0.29% of Federated Investors worth $8,445,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. State Treasurer State of Michigan boosted its holdings in shares of Federated Investors by 0.3% in the 1st quarter. State Treasurer State of Michigan now owns 37,600 shares of the asset manager’s stock valued at $990,000 after buying an additional 100 shares in the last quarter. Camelot Portfolios LLC boosted its holdings in shares of Federated Investors by 0.5% in the 2nd quarter. Camelot Portfolios LLC now owns 24,859 shares of the asset manager’s stock valued at $702,000 after buying an additional 119 shares in the last quarter. Lowe Brockenbrough & Co. Inc. boosted its holdings in shares of Federated Investors by 0.8% in the 2nd quarter. Lowe Brockenbrough & Co. Inc. now owns 18,000 shares of the asset manager’s stock valued at $508,000 after buying an additional 150 shares in the last quarter. Northwest Investment Counselors LLC boosted its holdings in shares of Federated Investors by 0.5% in the 2nd quarter. Northwest Investment Counselors LLC now owns 58,727 shares of the asset manager’s stock valued at $1,659,000 after buying an additional 287 shares in the last quarter. Finally, Advantus Capital Management Inc boosted its holdings in shares of Federated Investors by 2.5% in the 1st quarter. Advantus Capital Management Inc now owns 11,849 shares of the asset manager’s stock valued at $312,000 after buying an additional 290 shares in the last quarter. Institutional investors and hedge funds own 82.88% of the company’s stock.

Shares of Federated Investors, Inc. (NYSE FII) traded up 0.53% during trading on Tuesday, reaching $28.56. 115,234 shares of the company’s stock were exchanged. Federated Investors, Inc. has a 52 week low of $24.52 and a 52 week high of $32.40. The company’s 50-day moving average is $27.30 and its 200 day moving average is $27.10. The stock has a market capitalization of $2.79 billion, a PE ratio of 13.60 and a beta of 1.42.

Federated Investors (NYSE:FII) last issued its quarterly earnings data on Thursday, July 27th. The asset manager reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.03. Federated Investors had a net margin of 18.91% and a return on equity of 33.93%. The business had revenue of $272.80 million for the quarter, compared to analysts’ expectations of $278.51 million. During the same period in the previous year, the business earned $0.51 earnings per share. The company’s revenue was down 4.8% on a year-over-year basis. On average, analysts forecast that Federated Investors, Inc. will post $2.06 earnings per share for the current year.

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FII has been the subject of several research analyst reports. BidaskClub upgraded shares of Federated Investors from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Zacks Investment Research upgraded shares of Federated Investors from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research report on Tuesday, July 4th. ValuEngine downgraded shares of Federated Investors from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Royal Bank Of Canada set a $28.00 price target on shares of Federated Investors and gave the company a “hold” rating in a research report on Friday, July 28th. Finally, J P Morgan Chase & Co upgraded shares of Federated Investors from an “underweight” rating to a “neutral” rating and set a $24.00 price target for the company in a research report on Thursday, May 25th. Three analysts have rated the stock with a sell rating and six have issued a hold rating to the company. Federated Investors has a consensus rating of “Hold” and an average price target of $24.43.

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

Federated Investors 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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