Federated Investors, Inc. (FII) Shares Bought by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP raised its stake in Federated Investors, Inc. (NYSE:FII) by 9.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,841,818 shares of the asset manager’s stock after acquiring an additional 238,363 shares during the quarter. Dimensional Fund Advisors LP owned about 2.82% of Federated Investors worth $84,403,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Bessemer Group Inc. bought a new position in Federated Investors in the 3rd quarter valued at about $126,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Federated Investors by 8.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,484 shares of the asset manager’s stock valued at $127,000 after acquiring an additional 358 shares during the period. Advisory Services Network LLC raised its holdings in Federated Investors by 9.4% in the 2nd quarter. Advisory Services Network LLC now owns 5,968 shares of the asset manager’s stock valued at $169,000 after acquiring an additional 511 shares during the period. Cornerstone Capital Management Holdings LLC. acquired a new position in shares of Federated Investors during the 2nd quarter worth approximately $176,000. Finally, Advisor Group Inc. grew its position in shares of Federated Investors by 9.9% during the 2nd quarter. Advisor Group Inc. now owns 6,300 shares of the asset manager’s stock worth $177,000 after purchasing an additional 565 shares in the last quarter. 85.22% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Federated Investors, Inc. (NYSE:FII) opened at $36.34 on Friday. The company has a current ratio of 3.33, a quick ratio of 1.89 and a debt-to-equity ratio of 0.27. The stock has a market cap of $3,680.00, a P/E ratio of 17.14, a P/E/G ratio of 3.43 and a beta of 1.56. Federated Investors, Inc. has a 52-week low of $24.93 and a 52-week high of $36.54.
Federated Investors (NYSE:FII) last posted its quarterly earnings results on Thursday, October 26th. The asset manager reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.03. The business had revenue of $278.32 million for the quarter, compared to analyst estimates of $278.51 million. Federated Investors had a net margin of 19.32% and a return on equity of 34.54%. The firm’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter last year, the business posted $0.54 EPS. analysts forecast that Federated Investors, Inc. will post 2.15 earnings per share for the current fiscal year.
FII has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of Federated Investors from a “buy” rating to a “hold” rating in a research report on Monday, September 18th. Royal Bank of Canada set a $28.00 target price on shares of Federated Investors and gave the stock a “hold” rating in a research report on Wednesday, October 18th. Argus lowered shares of Federated Investors from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. ValuEngine upgraded shares of Federated Investors from a “hold” rating to a “buy” rating in a research report on Thursday, October 26th. Finally, Deutsche Bank initiated coverage on shares of Federated Investors in a research report on Tuesday, October 17th. They set a “hold” rating and a $31.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $29.00.
In related news, VP John B. Fisher sold 6,460 shares of the stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $31.49, for a total transaction of $203,425.40. Following the sale, the vice president now owns 508,445 shares in the company, valued at approximately $16,010,933.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Thomas R. Donahue sold 30,000 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $34.79, for a total transaction of $1,043,700.00. Following the sale, the chief financial officer now owns 634,044 shares in the company, valued at approximately $22,058,390.76. The disclosure for this sale can be found here. Insiders have sold a total of 37,776 shares of company stock worth $1,288,527 in the last quarter. 7.10% of the stock is currently owned by company 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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