Commonwealth Equity Services Inc Cuts Stake in Federated Investors, Inc. (FII)

Commonwealth Equity Services Inc cut its position in Federated Investors, Inc. (NYSE:FII) by 1.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 463,165 shares of the asset manager’s stock after selling 5,225 shares during the period. Commonwealth Equity Services Inc owned approximately 0.46% of Federated Investors worth $13,756,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Bessemer Group Inc. acquired a new position in shares of Federated Investors in the third quarter valued at about $126,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Federated Investors by 8.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,484 shares of the asset manager’s stock valued at $127,000 after purchasing an additional 358 shares during the period. Advisory Services Network LLC increased its holdings in shares of Federated Investors by 9.4% in the second quarter. Advisory Services Network LLC now owns 5,968 shares of the asset manager’s stock valued at $169,000 after purchasing an additional 511 shares during the period. Cornerstone Capital Management Holdings LLC. acquired a new position in shares of Federated Investors in the second quarter valued at about $176,000. Finally, Advisor Group Inc. increased its holdings in shares of Federated Investors by 9.9% in the second quarter. Advisor Group Inc. now owns 6,300 shares of the asset manager’s stock valued at $177,000 after purchasing an additional 565 shares during the period. 83.84% of the stock is currently owned by institutional investors and hedge funds.

FII has been the topic of a number of research reports. Zacks Investment Research raised Federated Investors from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Tuesday, September 12th. ValuEngine raised Federated Investors from a “hold” rating to a “buy” rating in a report on Thursday, October 26th. Deutsche Bank AG started coverage on Federated Investors in a report on Tuesday, October 17th. They set a “hold” rating and a $31.00 target price on the stock. Jefferies Group LLC reaffirmed a “hold” rating and set a $30.00 target price (up from $29.00) on shares of Federated Investors in a report on Tuesday, October 10th. Finally, Royal Bank Of Canada set a $28.00 target price on Federated Investors and gave the stock a “hold” rating in a report on Friday, July 28th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. Federated Investors currently has an average rating of “Hold” and a consensus price target of $28.75.

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In other Federated Investors news, VP John B. Fisher sold 6,460 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $31.49, for a total value of $203,425.40. Following the sale, the vice president now directly owns 508,445 shares of the company’s stock, valued at $16,010,933.05. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders sold 7,776 shares of company stock worth $244,827. 7.10% of the stock is owned by corporate insiders.

Shares of Federated Investors, Inc. (NYSE FII) traded up $0.18 on Friday, reaching $30.85. The company’s stock had a trading volume of 600,400 shares, compared to its average volume of 717,344. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.89 and a current ratio of 3.33. Federated Investors, Inc. has a one year low of $24.93 and a one year high of $31.82. The firm has a market capitalization of $3,094.73, a price-to-earnings ratio of 14.60, a P/E/G ratio of 2.82 and a beta of 1.56.

Federated Investors (NYSE:FII) last issued its quarterly earnings data on Thursday, October 26th. The asset manager reported $0.56 EPS for the quarter, beating the consensus estimate of $0.53 by $0.03. Federated Investors had a return on equity of 34.54% and a net margin of 19.32%. The company had revenue of $278.32 million for the quarter, compared to analyst estimates of $278.51 million. During the same period last year, the company earned $0.54 earnings per share. Federated Investors’s quarterly revenue was down 5.5% compared to the same quarter last year. analysts anticipate that Federated Investors, Inc. will post 2.15 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 8th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend was Tuesday, November 7th. Federated Investors’s payout ratio is currently 47.62%.

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

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