4,250 Shares in Federated Investors, Inc. (FII) Acquired by Bessemer Group Inc.

Bessemer Group Inc. acquired a new position in Federated Investors, Inc. (NYSE:FII) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 4,250 shares of the asset manager’s stock, valued at approximately $126,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FII. FMR LLC boosted its position in Federated Investors by 3.5% in the second 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 during the last quarter. Great West Life Assurance Co. Can boosted its position in Federated Investors by 2.5% in the second quarter. Great West Life Assurance Co. Can now owns 3,559,839 shares of the asset manager’s stock worth $100,345,000 after purchasing an additional 86,778 shares during the last quarter. State Street Corp boosted its position in Federated Investors by 2.1% in the second quarter. State Street Corp now owns 2,723,154 shares of the asset manager’s stock worth $76,930,000 after purchasing an additional 56,121 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Federated Investors by 21.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,603,455 shares of the asset manager’s stock worth $73,546,000 after purchasing an additional 451,268 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Federated Investors by 46.5% in the second quarter. Bank of New York Mellon Corp now owns 2,248,244 shares of the asset manager’s stock worth $63,513,000 after purchasing an additional 713,994 shares during the last quarter. Institutional investors own 84.47% of the company’s stock.

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In other Federated Investors news, VP John B. Fisher sold 6,460 shares of Federated Investors 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 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 SEC, which is accessible through this hyperlink. In the last ninety days, insiders sold 7,776 shares of company stock worth $244,827. Corporate insiders own 7.10% of the company’s stock.

Shares of Federated Investors, Inc. (FII) opened at $31.17 on Tuesday. 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, Inc. has a 12 month low of $24.93 and a 12 month high of $31.82. The stock has a market capitalization of $3,119.95, a P/E ratio of 14.72, a price-to-earnings-growth ratio of 2.84 and a beta of 1.56.

Federated Investors (NYSE:FII) last released its quarterly earnings data on Thursday, October 26th. The asset manager reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business had revenue of $278.32 million for the quarter, compared to the consensus estimate of $278.51 million. During the same quarter in the previous year, the company posted $0.54 EPS. The company’s revenue was down 5.5% compared to the same quarter last year. sell-side analysts expect that Federated Investors, Inc. will post 2.15 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 8th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend was Tuesday, November 7th. Federated Investors’s payout ratio is 47.62%.

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

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.

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

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