Boston Private Wealth LLC grew its position in shares of Federated Investors, Inc. (NYSE:FII) by 6.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,286 shares of the asset manager’s stock after buying an additional 1,867 shares during the quarter. Boston Private Wealth LLC’s holdings in Federated Investors were worth $959,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Camelot Portfolios LLC raised its holdings in Federated Investors by 0.5% in the 2nd quarter. Camelot Portfolios LLC now owns 24,859 shares of the asset manager’s stock worth $702,000 after purchasing an additional 119 shares during the period. Lowe Brockenbrough & Co. Inc. raised its holdings 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 worth $508,000 after purchasing an additional 150 shares during the period. Suntrust Banks Inc. raised its holdings in Federated Investors by 2.4% in the 2nd quarter. Suntrust Banks Inc. now owns 11,374 shares of the asset manager’s stock worth $321,000 after purchasing an additional 269 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Federated Investors by 8.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,484 shares of the asset manager’s stock worth $127,000 after purchasing an additional 358 shares during the period. Finally, State of Wisconsin Investment Board raised its holdings in Federated Investors by 2.0% in the 2nd quarter. State of Wisconsin Investment Board now owns 18,919 shares of the asset manager’s stock worth $534,000 after purchasing an additional 370 shares during the period. 85.48% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages recently commented on FII. BidaskClub cut Federated Investors from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. ValuEngine lowered Federated Investors from a “buy” rating to a “hold” rating in a research note on Sunday, November 12th. Jefferies Group reiterated a “hold” rating and issued a $30.00 price target (up previously from $29.00) on shares of Federated Investors in a research note on Tuesday, October 10th. Credit Suisse Group cut their price target on Federated Investors from $29.00 to $27.00 and set a “neutral” rating for the company in a research note on Friday, August 11th. Finally, Zacks Investment Research lowered Federated Investors from a “buy” rating to a “hold” rating in a research note on Monday, September 18th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. Federated Investors presently has a consensus rating of “Hold” and a consensus target price of $28.75.
Federated Investors (NYSE:FII) last issued its quarterly earnings results 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 during the quarter, compared to analyst estimates of $278.51 million. During the same quarter in the prior year, the business posted $0.54 EPS. Federated Investors’s revenue for the quarter was down 5.5% compared to the same quarter last year. equities analysts expect that Federated Investors, Inc. will post 2.15 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 8th were paid a $0.25 dividend. The ex-dividend date was Tuesday, November 7th. This represents a $1.00 dividend on an annualized basis and a yield of 2.96%. Federated Investors’s payout ratio is presently 47.62%.
In other news, VP John B. Fisher sold 6,460 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $31.49, for a total transaction of $203,425.40. Following the completion of the transaction, the vice president now owns 508,445 shares in the company, valued at $16,010,933.05. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold a total of 7,776 shares of company stock valued at $244,827 in the last quarter. 7.10% of the stock is currently owned by company insiders.
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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