Federated Investors Inc (FII) Shares Bought by Stone Ridge Asset Management LLC
Stone Ridge Asset Management LLC increased its stake in shares of Federated Investors Inc (NYSE:FII) by 88.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,521 shares of the asset manager’s stock after buying an additional 24,188 shares during the quarter. Stone Ridge Asset Management LLC’s holdings in Federated Investors were worth $1,243,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Millennium Management LLC raised its holdings in shares of Federated Investors by 928.3% in the first quarter. Millennium Management LLC now owns 115,977 shares of the asset manager’s stock valued at $3,874,000 after buying an additional 104,699 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Federated Investors by 3.6% in the first quarter. Principal Financial Group Inc. now owns 505,666 shares of the asset manager’s stock valued at $16,889,000 after buying an additional 17,744 shares during the last quarter. Unison Advisors LLC acquired a new stake in Federated Investors in the second quarter worth about $279,000. Cornerstone Wealth Management LLC acquired a new stake in Federated Investors in the second quarter worth about $2,061,000. Finally, Ridgewood Investments LLC increased its position in Federated Investors by 24.5% in the second quarter. Ridgewood Investments LLC now owns 12,200 shares of the asset manager’s stock worth $285,000 after purchasing an additional 2,399 shares during the period. 83.20% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts recently commented on FII shares. Royal Bank of Canada set a $28.00 price objective on Federated Investors and gave the stock a “hold” rating in a research report on Friday, July 27th. Keefe, Bruyette & Woods reiterated a “neutral” rating and issued a $25.00 price objective on shares of Federated Investors in a research report on Sunday, July 29th. Zacks Investment Research reiterated a “buy” rating and issued a $29.00 price objective on shares of Federated Investors in a research report on Tuesday. ValuEngine upgraded Federated Investors from a “strong sell” rating to a “sell” rating in a research report on Saturday, October 27th. Finally, JPMorgan Chase & Co. upgraded Federated Investors from an “underweight” rating to a “neutral” rating and set a $24.00 price objective for the company in a research report on Monday, September 17th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. Federated Investors currently has an average rating of “Hold” and an average target price of $28.50.
Shares of FII stock opened at $25.36 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.65 and a quick ratio of 1.41. The stock has a market capitalization of $2.54 billion, a P/E ratio of 11.63, a PEG ratio of 1.61 and a beta of 1.11. Federated Investors Inc has a 12 month low of $22.06 and a 12 month high of $36.76.
Federated Investors (NYSE:FII) last announced its quarterly earnings data on Thursday, October 25th. The asset manager reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.05. The firm had revenue of $308.62 million during the quarter, compared to analyst estimates of $283.04 million. Federated Investors had a return on equity of 30.19% and a net margin of 26.25%. Equities analysts anticipate that Federated Investors Inc will post 2.37 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Thursday, November 8th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, November 7th. This represents a $1.08 annualized dividend and a dividend yield of 4.26%. Federated Investors’s payout ratio is currently 49.54%.
Federated Investors Company Profile
Federated Investors, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, including high net worth individuals, banking or thrift institutions, investment companies, pension and profit sharing plans, pooled investment vehicles, charitable organizations, state or municipal government entities, and registered investment advisors.
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