Biondo Investment Advisors LLC Buys 4,535 Shares of Federated Investors, Inc. (FII)

Biondo Investment Advisors LLC increased its stake in shares of Federated Investors, Inc. (NYSE:FII) by 4.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 106,872 shares of the asset manager’s stock after purchasing an additional 4,535 shares during the quarter. Biondo Investment Advisors LLC owned approximately 0.11% of Federated Investors worth $3,174,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. FMR LLC increased its position in Federated Investors by 3.5% during the 2nd quarter. FMR LLC now owns 9,096,091 shares of the asset manager’s stock worth $256,965,000 after purchasing an additional 304,322 shares in the last quarter. Great West Life Assurance Co. Can grew its holdings in Federated Investors by 2.5% in the 2nd quarter. Great West Life Assurance Co. Can now owns 3,559,839 shares of the asset manager’s stock valued at $100,345,000 after buying an additional 86,778 shares during the period. State Street Corp grew its holdings in Federated Investors by 2.1% in the 2nd quarter. State Street Corp now owns 2,723,154 shares of the asset manager’s stock valued at $76,930,000 after buying an additional 56,121 shares during the period. Dimensional Fund Advisors LP grew its holdings in Federated Investors by 21.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,603,455 shares of the asset manager’s stock valued at $73,546,000 after buying an additional 451,268 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Federated Investors by 6.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,393,060 shares of the asset manager’s stock valued at $71,073,000 after buying an additional 144,816 shares during the period. Hedge funds and other institutional investors own 84.47% of the company’s stock.

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Several analysts have commented on the company. ValuEngine upgraded Federated Investors from a “hold” rating to a “buy” rating in a report on Monday, November 6th. Argus cut Federated Investors from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Zacks Investment Research upgraded Federated Investors from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a report on Monday, October 2nd. Keefe, Bruyette & Woods restated a “sell” rating and issued a $31.00 price target on shares of Federated Investors in a report on Wednesday, November 1st. Finally, BidaskClub cut Federated Investors from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. Federated Investors has a consensus rating of “Hold” and a consensus target price of $28.75.

In other news, VP John B. Fisher sold 6,460 shares of Federated Investors stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $31.49, for a total value of $203,425.40. Following the transaction, the vice president now directly owns 508,445 shares of the company’s stock, valued at approximately $16,010,933.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 7,776 shares of company stock worth $244,827 over the last ninety days. Corporate insiders own 7.10% of the company’s stock.

Federated Investors, Inc. (FII) traded up $0.07 during midday trading on Monday, hitting $30.92. The stock had a trading volume of 731,900 shares, compared to its average volume of 717,409. The firm has a market cap of $3,119.95, a price-to-earnings ratio of 14.72, a P/E/G ratio of 2.84 and a beta of 1.56. Federated Investors, Inc. has a fifty-two week low of $24.93 and a fifty-two week high of $31.82. The company has a quick ratio of 1.89, a current ratio of 3.33 and a debt-to-equity ratio of 0.27.

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

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 8th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.23%. The ex-dividend date of this dividend was Tuesday, November 7th. Federated Investors’s dividend 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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