Murphy Pohlad Asset Management LLC increased its stake in shares of Federated Investors, Inc. (NYSE:FII) by 7.8% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 138,640 shares of the asset manager’s stock after buying an additional 9,980 shares during the period. Federated Investors comprises 2.9% of Murphy Pohlad Asset Management LLC’s portfolio, making the stock its 6th largest position. Murphy Pohlad Asset Management LLC owned about 0.14% of Federated Investors worth $3,916,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of the stock. Tyers Asset Management LLC raised 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Federated Investors by 60.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,126 shares of the asset manager’s stock valued at $109,000 after buying an additional 1,559 shares during the period. First Bank & Trust raised 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 valued at $115,000 after buying an additional 627 shares during the period. Flinton Capital Management LLC raised its stake in shares of Federated Investors by 12.7% in the first quarter. Flinton Capital Management LLC now owns 4,984 shares of the asset manager’s stock valued at $131,000 after buying an additional 560 shares during the period. Finally, FNY Partners Fund LP purchased a new stake in shares of Federated Investors during the first quarter valued at approximately $131,000. Hedge funds and other institutional investors own 84.91% of the company’s stock.
Federated Investors, Inc. (NYSE FII) opened at 27.37 on Wednesday. The company’s 50 day moving average price is $28.47 and its 200 day moving average price is $27.02. Federated Investors, Inc. has a 12 month low of $24.52 and a 12 month high of $33.13. The firm has a market capitalization of $2.67 billion, a P/E ratio of 13.03 and a beta of 1.42.
Federated Investors (NYSE:FII) last announced its earnings results on Thursday, July 27th. The asset manager reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.03. Federated Investors had a net margin of 18.91% and a return on equity of 33.93%. The company had revenue of $272.80 million during the quarter, compared to the consensus estimate of $278.51 million. During the same period in the previous year, the firm posted $0.51 earnings per share. The company’s revenue was down 4.8% on a year-over-year basis. Analysts anticipate that Federated Investors, Inc. will post $2.05 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 8th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend was Friday, August 4th. Federated Investors’s dividend payout ratio is presently 48.08%.
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Several equities research analysts have recently commented on the company. BidaskClub lowered Federated Investors from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Keefe, Bruyette & Woods reissued a “sell” rating and set a $28.00 price target on shares of Federated Investors in a research note on Friday, July 14th. Zacks Investment Research lowered Federated Investors from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Finally, 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 28th. Three analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $24.71.
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 completion of the transaction, the vice president now directly owns 514,905 shares of the company’s stock, valued at $14,401,892.85. The sale was disclosed in a legal filing with the SEC, which is available at 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 transaction, the insider now directly owns 44,741 shares of the company’s stock, valued at $1,239,325.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,875 shares of company stock valued at $246,998. 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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