California Public Employees Retirement System cut its position in shares of Federated Investors, Inc. (NYSE:FII) by 3.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 221,500 shares of the asset manager’s stock after selling 7,300 shares during the period. California Public Employees Retirement System owned about 0.23% of Federated Investors worth $5,834,000 as of its most recent filing with the SEC.
Other large investors also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. bought a new stake in Federated Investors during the fourth quarter worth about $783,000. Dimensional Fund Advisors LP increased its stake in shares of Federated Investors by 13.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,075,356 shares of the asset manager’s stock valued at $58,690,000 after buying an additional 252,406 shares during the last quarter. New York State Teachers Retirement System increased its stake in shares of Federated Investors by 6.0% in the fourth quarter. New York State Teachers Retirement System now owns 157,849 shares of the asset manager’s stock valued at $4,464,000 after buying an additional 9,000 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Federated Investors by 7.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 19,063 shares of the asset manager’s stock valued at $538,000 after buying an additional 1,285 shares during the last quarter. Finally, GSA Capital Partners LLP increased its stake in shares of Federated Investors by 41.7% in the fourth quarter. GSA Capital Partners LLP now owns 27,150 shares of the asset manager’s stock valued at $768,000 after buying an additional 7,984 shares during the last quarter. 84.92% of the stock is currently owned by institutional investors and hedge funds.
Federated Investors, Inc. (NYSE:FII) opened at 29.01 on Tuesday. The stock has a market cap of $2.84 billion, a P/E ratio of 13.94 and a beta of 1.41. Federated Investors, Inc. has a 12 month low of $24.52 and a 12 month high of $33.13. The firm’s 50-day moving average is $26.78 and its 200-day moving average is $26.85.
Federated Investors (NYSE:FII) last issued its earnings results on Thursday, April 27th. The asset manager reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.02. Federated Investors had a return on equity of 33.32% and a net margin of 18.62%. The company had revenue of $273.50 million during the quarter, compared to the consensus estimate of $290.19 million. During the same period in the previous year, the company posted $0.44 EPS. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. On average, equities analysts forecast that Federated Investors, Inc. will post $2.01 earnings per share for the current fiscal year.
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Several equities research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Federated Investors from a “hold” rating to a “sell” rating in a research note on Tuesday, April 4th. 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 report on Thursday, May 25th. Royal Bank Of Canada initiated coverage on shares of Federated Investors in a report on Thursday, June 29th. They set a “sector perform” rating and a $27.00 price target for the company. Jefferies Group LLC upgraded shares of Federated Investors from an “underperform” rating to a “hold” rating and set a $11.00 target price for the company in a report on Friday, March 24th. Finally, Keefe, Bruyette & Woods restated a “sell” rating and issued a $28.00 target price on shares of Federated Investors in a report on Friday. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $24.71.
In related news, insider Richard A. Novak sold 2,700 shares of Federated Investors stock in a transaction that occurred on 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 directly owns 44,741 shares of the company’s stock, valued at approximately $1,239,325.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 7.10% of the company’s stock.
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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