Flinton Capital Management LLC boosted its stake in Federated Investors, Inc. (NYSE:FII) by 65.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,232 shares of the asset manager’s stock after buying an additional 3,248 shares during the period. Flinton Capital Management LLC’s holdings in Federated Investors were worth $232,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Camelot Portfolios LLC grew its position in Federated Investors by 0.5% in the 2nd quarter. Camelot Portfolios LLC now owns 24,859 shares of the asset manager’s stock valued at $702,000 after buying an additional 119 shares in the last quarter. Lowe Brockenbrough & Co. Inc. grew its position in Federated Investors by 0.8% in the 2nd quarter. Lowe Brockenbrough & Co. Inc. now owns 18,000 shares of the asset manager’s stock valued at $508,000 after buying an additional 150 shares in the last quarter. Suntrust Banks Inc. grew its position in Federated Investors by 2.4% in the 2nd quarter. Suntrust Banks Inc. now owns 11,374 shares of the asset manager’s stock valued at $321,000 after buying an additional 269 shares in the last quarter. Northwest Investment Counselors LLC grew its position in Federated Investors by 0.5% in the 2nd quarter. Northwest Investment Counselors LLC now owns 58,727 shares of the asset manager’s stock valued at $1,659,000 after buying an additional 287 shares in the last quarter. Finally, Advantus Capital Management Inc grew its position in Federated Investors by 2.5% in the 1st quarter. Advantus Capital Management Inc now owns 11,849 shares of the asset manager’s stock valued at $312,000 after buying an additional 290 shares in the last quarter. Hedge funds and other institutional investors own 82.90% of the company’s stock.
Federated Investors, Inc. (NYSE FII) opened at 31.28 on Friday. The company has a 50-day moving average of $28.69 and a 200-day moving average of $27.59. Federated Investors, Inc. has a 12 month low of $24.52 and a 12 month high of $31.58. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 14.90 and a beta of 1.45.
Federated Investors (NYSE:FII) last announced its quarterly earnings data on Thursday, July 27th. The asset manager reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.03. The firm had revenue of $272.80 million during the quarter, compared to analyst estimates of $278.51 million. Federated Investors had a return on equity of 33.93% and a net margin of 18.91%. The company’s revenue was down 4.8% on a year-over-year basis. During the same period last year, the company earned $0.51 earnings per share. Analysts predict that Federated Investors, Inc. will post $2.07 EPS for the current year.
In related news, VP John B. Fisher sold 5,041 shares of Federated Investors stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $27.97, for a total value of $140,996.77. Following the completion of the sale, the vice president now directly owns 514,905 shares in the company, valued at $14,401,892.85. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 7.10% of the stock is owned by company insiders.
A number of equities analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Federated Investors from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research report on Tuesday, July 4th. Royal Bank Of Canada assumed coverage on shares of Federated Investors in a research report on Thursday, June 29th. They issued a “sector perform” rating and a $27.00 target price for the company. BidaskClub lowered shares of Federated Investors from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Credit Suisse Group decreased their target price on shares of Federated Investors from $29.00 to $27.00 and set a “neutral” rating for the company in a research report on Friday, August 11th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $30.00 target price (up previously from $29.00) on shares of Federated Investors in a research report on Tuesday. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $27.71.
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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