Capstone Asset Management Co. Acquires Shares of 7,285 Federated Investors, Inc. (FII)

Capstone Asset Management Co. acquired a new stake in shares of Federated Investors, Inc. (NYSE:FII) during the second quarter, according to its most recent filing with the SEC. The institutional investor acquired 7,285 shares of the asset manager’s stock, valued at approximately $206,000.

Several other hedge funds have also recently made changes to their positions in the stock. Janney Montgomery Scott LLC increased its stake in shares of Federated Investors by 63.8% in the first quarter. Janney Montgomery Scott LLC now owns 73,494 shares of the asset manager’s stock valued at $1,936,000 after buying an additional 28,637 shares during the last quarter. GoodHaven Capital Management LLC increased its stake in shares of Federated Investors by 1.8% in the first quarter. GoodHaven Capital Management LLC now owns 443,205 shares of the asset manager’s stock valued at $11,674,000 after buying an additional 7,900 shares during the last quarter. Paloma Partners Management Co increased its stake in shares of Federated Investors by 22.7% in the first quarter. Paloma Partners Management Co now owns 37,562 shares of the asset manager’s stock worth $989,000 after buying an additional 6,949 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Federated Investors by 12.6% in the first quarter. Geode Capital Management LLC now owns 1,098,002 shares of the asset manager’s stock worth $28,920,000 after buying an additional 122,752 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its stake in shares of Federated Investors by 5.3% in the first quarter. State of Alaska Department of Revenue now owns 7,810 shares of the asset manager’s stock worth $205,000 after buying an additional 390 shares in the last quarter. Hedge funds and other institutional investors own 84.91% of the company’s stock.

Federated Investors, Inc. (FII) traded up 0.67% during mid-day trading on Tuesday, hitting $26.91. 96,153 shares of the stock were exchanged. The stock has a market cap of $2.63 billion, a PE ratio of 12.81 and a beta of 1.42. The stock’s 50 day moving average is $28.34 and its 200 day moving average is $27.04. Federated Investors, Inc. has a 52-week low of $24.52 and a 52-week high of $33.13.

Federated Investors (NYSE:FII) last released its quarterly earnings data on Thursday, July 27th. The asset manager reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $272.80 million during the quarter, compared to analysts’ expectations of $278.51 million. During the same period last year, the business earned $0.51 earnings per share. Federated Investors’s revenue was down 4.8% compared to the same quarter last year. Analysts forecast that Federated Investors, Inc. will post $2.06 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Tuesday, August 8th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.74%. The ex-dividend date of this dividend was Friday, August 4th. Federated Investors’s payout ratio is currently 48.08%.

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A number of analysts have issued reports on the stock. BidaskClub upgraded shares of Federated Investors from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. Keefe, Bruyette & Woods reiterated a “sell” rating and issued a $28.00 price target on shares of Federated Investors in a report on Friday, July 14th. Royal Bank Of Canada set a $28.00 price target on shares of Federated Investors and gave the company a “hold” rating in a report on Friday, July 28th. Credit Suisse Group reduced their price target on shares of Federated Investors from $29.00 to $27.00 and set a “neutral” rating on the stock in a report on Friday, August 11th. Finally, Zacks Investment Research upgraded shares of Federated Investors from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a report on Tuesday, July 4th. Three investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Federated Investors presently has a consensus rating of “Hold” and an average target price of $24.71.

In related news, insider Richard A. Novak sold 2,700 shares of the firm’s stock in a transaction dated Friday, June 23rd. The shares were 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 in the company, valued at $1,239,325.70. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP John B. Fisher sold 5,041 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $27.97, for a total transaction of $140,996.77. Following the sale, the vice president now owns 514,905 shares of the company’s stock, valued at $14,401,892.85. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,875 shares of company stock valued at $246,998. 7.10% of the stock is owned by company insiders.

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.

Institutional Ownership by Quarter for Federated Investors (NYSE:FII)

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