GoodHaven Capital Management LLC lessened its holdings in Federated Investors, Inc. (NYSE:FII) by 0.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 442,105 shares of the asset manager’s stock after selling 1,100 shares during the period. Federated Investors accounts for about 6.2% of GoodHaven Capital Management LLC’s investment portfolio, making the stock its 5th biggest holding. GoodHaven Capital Management LLC owned approximately 0.44% of Federated Investors worth $12,489,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the stock. Louisiana State Employees Retirement System raised its holdings in Federated Investors by 1.7% in the 1st quarter. Louisiana State Employees Retirement System now owns 23,400 shares of the asset manager’s stock worth $616,000 after acquiring an additional 400 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in Federated Investors by 1.2% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 32,927 shares of the asset manager’s stock worth $867,000 after acquiring an additional 400 shares during the period. State Treasurer State of Michigan raised its holdings in Federated Investors by 0.3% in the 1st quarter. State Treasurer State of Michigan now owns 37,600 shares of the asset manager’s stock worth $990,000 after acquiring an additional 100 shares during the period. Tyers Asset Management LLC raised its holdings in Federated Investors by 12.7% in the 1st quarter. Tyers Asset Management LLC now owns 3,916 shares of the asset manager’s stock worth $103,000 after acquiring an additional 440 shares during the period. Finally, Flinton Capital Management LLC raised its holdings in Federated Investors by 12.7% in the 1st quarter. Flinton Capital Management LLC now owns 4,984 shares of the asset manager’s stock worth $131,000 after acquiring an additional 560 shares during the period. 82.88% of the stock is owned by institutional investors and hedge funds.
Shares of Federated Investors, Inc. (NYSE FII) traded up 0.08% on Friday, reaching $26.66. 513,025 shares of the company traded hands. Federated Investors, Inc. has a 52-week low of $24.52 and a 52-week high of $32.40. The stock has a 50 day moving average of $27.57 and a 200 day moving average of $27.08. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of 12.70 and a beta of 1.42.
Federated Investors (NYSE:FII) last posted its earnings results on Thursday, July 27th. The asset manager reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.03. The company had revenue of $272.80 million during the quarter, compared to analysts’ expectations of $278.51 million. Federated Investors had a net margin of 18.91% and a return on equity of 33.93%. Federated Investors’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.51 EPS. On average, analysts expect that Federated Investors, Inc. will post $2.06 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 8th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date was Friday, August 4th. Federated Investors’s dividend payout ratio is presently 48.08%.
In other news, VP John B. Fisher sold 5,041 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $27.97, for a total transaction of $140,996.77. Following the completion of the sale, the vice president now owns 514,905 shares in the company, valued at approximately $14,401,892.85. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Richard A. Novak sold 2,700 shares of the firm’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 sale, the insider now owns 44,741 shares of the company’s stock, valued at approximately $1,239,325.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,875 shares of company stock valued at $246,998. 7.10% of the stock is currently owned by corporate insiders.
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Several brokerages recently commented on FII. BidaskClub downgraded shares of Federated Investors from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. Credit Suisse Group dropped their target price 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. Keefe, Bruyette & Woods reiterated a “sell” rating and issued a $27.00 target price on shares of Federated Investors in a report on Thursday, August 3rd. Royal Bank Of Canada set a $28.00 target price on shares of Federated Investors and gave the stock a “hold” rating in a report on Friday, July 28th. Finally, Zacks Investment Research downgraded shares of Federated Investors from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Three analysts have rated the stock with a sell rating and six have given a hold rating to the stock. Federated Investors currently has an average rating of “Hold” and an average target price of $24.71.
Federated Investors 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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