Rainier Group Investment Advisory LLC Takes Position in Federated Investors Inc (FII)

Rainier Group Investment Advisory LLC purchased a new position in Federated Investors Inc (NYSE:FII) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,300 shares of the asset manager’s stock, valued at approximately $110,000.

Other large investors also recently bought and sold shares of the company. Great West Life Assurance Co. Can lifted its stake in shares of Federated Investors by 5.3% in the first quarter. Great West Life Assurance Co. Can now owns 5,101,078 shares of the asset manager’s stock valued at $170,640,000 after buying an additional 257,339 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Federated Investors by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,955,098 shares of the asset manager’s stock valued at $98,700,000 after buying an additional 20,020 shares in the last quarter. Schroder Investment Management Group lifted its stake in shares of Federated Investors by 16.8% in the fourth quarter. Schroder Investment Management Group now owns 2,272,886 shares of the asset manager’s stock valued at $82,006,000 after buying an additional 327,562 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Federated Investors by 40.2% in the first quarter. Victory Capital Management Inc. now owns 2,245,820 shares of the asset manager’s stock valued at $75,011,000 after buying an additional 643,993 shares in the last quarter. Finally, Burgundy Asset Management Ltd. lifted its stake in shares of Federated Investors by 1.3% in the fourth quarter. Burgundy Asset Management Ltd. now owns 1,458,504 shares of the asset manager’s stock valued at $52,623,000 after buying an additional 18,231 shares in the last quarter. Institutional investors and hedge funds own 84.78% of the company’s stock.

Shares of Federated Investors traded down $0.08, reaching $23.82, during trading hours on Thursday, according to MarketBeat Ratings. 2,473 shares of the stock traded hands, compared to its average volume of 1,198,144. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.43 and a quick ratio of 3.91. Federated Investors Inc has a 52 week low of $23.73 and a 52 week high of $36.76. The firm has a market capitalization of $2.50 billion, a P/E ratio of 10.93, a PEG ratio of 1.84 and a beta of 1.28.

Federated Investors (NYSE:FII) last released its quarterly earnings results on Thursday, April 26th. The asset manager reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.05). Federated Investors had a net margin of 27.63% and a return on equity of 32.55%. The firm had revenue of $263.85 million for the quarter, compared to the consensus estimate of $277.61 million. During the same period in the previous year, the business earned $0.49 earnings per share. The firm’s revenue for the quarter was down 3.5% on a year-over-year basis. equities research analysts expect that Federated Investors Inc will post 2.4 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 15th. Investors of record on Tuesday, May 8th were given a dividend of $0.27 per share. This is a positive change from Federated Investors’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.53%. The ex-dividend date was Monday, May 7th. Federated Investors’s dividend payout ratio (DPR) is presently 49.54%.

A number of research analysts have weighed in on FII shares. Citigroup raised shares of Federated Investors from a “sell” rating to a “neutral” rating in a research note on Monday, March 5th. Deutsche Bank dropped their price objective on shares of Federated Investors from $34.00 to $32.00 and set a “hold” rating on the stock in a research note on Tuesday, March 6th. Zacks Investment Research lowered shares of Federated Investors from a “buy” rating to a “hold” rating in a research note on Monday, March 12th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $32.00 price objective on shares of Federated Investors in a research note on Wednesday, April 11th. Finally, ValuEngine lowered shares of Federated Investors from a “buy” rating to a “hold” rating in a research note on Friday, April 27th. Five equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $31.19.

Federated Investors Profile

Federated Investors, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, including high net worth individuals, banking or thrift institutions, investment companies, pension and profit sharing plans, pooled investment vehicles, charitable organizations, state or municipal government entities, and registered investment advisors.

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

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