US Bancorp DE reduced its position in shares of Federated Investors, Inc. (NYSE:FII) by 8.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,871 shares of the asset manager’s stock after selling 345 shares during the period. US Bancorp DE’s holdings in Federated Investors were worth $102,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Tyers Asset Management LLC increased its stake in shares of Federated Investors by 12.7% in the first quarter. Tyers Asset Management LLC now owns 3,916 shares of the asset manager’s stock worth $103,000 after buying an additional 440 shares during the period. First Bank & Trust increased its stake in shares of Federated Investors by 16.9% in the first quarter. First Bank & Trust now owns 4,346 shares of the asset manager’s stock worth $115,000 after buying an additional 627 shares during the period. Flinton Capital Management LLC purchased a new stake in shares of Federated Investors during the fourth quarter worth $125,000. Advisory Services Network LLC purchased a new stake in shares of Federated Investors during the first quarter worth $144,000. Finally, Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Federated Investors by 16.6% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,971 shares of the asset manager’s stock worth $198,000 after buying an additional 993 shares during the period. Institutional investors and hedge funds own 84.95% of the company’s stock.
Federated Investors, Inc. (FII) opened at 27.76 on Tuesday. Federated Investors, Inc. has a 52-week low of $24.52 and a 52-week high of $33.13. The firm has a market cap of $2.72 billion, a price-to-earnings ratio of 13.34 and a beta of 1.44. The company’s 50-day moving average price is $26.42 and its 200-day moving average price is $26.88.
Federated Investors (NYSE:FII) last announced its quarterly earnings results on Thursday, April 27th. The asset manager reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.02. The company had revenue of $273.50 million during the quarter, compared to the consensus estimate of $290.19 million. Federated Investors had a net margin of 18.62% and a return on equity of 33.32%. The company’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.44 earnings per share. Analysts predict that Federated Investors, Inc. will post $2.00 EPS for the current year.
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A number of equities research analysts have recently weighed in on FII shares. Zacks Investment Research upgraded Federated Investors from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a report on Tuesday, April 25th. Keefe, Bruyette & Woods restated a “hold” rating on shares of Federated Investors in a research report on Tuesday, April 4th. Jefferies Group LLC upgraded Federated Investors from an “underperform” rating to a “hold” rating and set a $11.00 price objective for the company in a research report on Friday, March 24th. ValuEngine lowered Federated Investors from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, BidaskClub upgraded Federated Investors from a “sell” rating to a “hold” rating in a research report on Saturday, June 17th. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. The company currently has an average rating of “Hold” and an average target price of $23.83.
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.
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