First National Trust Co lessened its stake in Federated Investors Inc (NYSE:FII) by 25.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 81,171 shares of the asset manager’s stock after selling 27,630 shares during the quarter. First National Trust Co owned about 0.08% of Federated Investors worth $2,929,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. FMR LLC boosted its holdings in Federated Investors by 3.5% in the 2nd quarter. FMR LLC now owns 9,096,091 shares of the asset manager’s stock worth $256,965,000 after acquiring an additional 304,322 shares during the period. Great West Life Assurance Co. Can boosted its holdings in Federated Investors by 31.0% in the 3rd quarter. Great West Life Assurance Co. Can now owns 4,664,052 shares of the asset manager’s stock worth $139,191,000 after acquiring an additional 1,104,213 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Federated Investors by 9.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,841,818 shares of the asset manager’s stock worth $84,403,000 after acquiring an additional 238,363 shares during the period. State Street Corp boosted 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 worth $76,930,000 after acquiring an additional 56,121 shares during the period. Finally, Bank of New York Mellon Corp boosted 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 worth $71,073,000 after acquiring an additional 144,816 shares during the period. Hedge funds and other institutional investors own 85.11% of the company’s stock.
In related news, VP John B. Fisher sold 6,460 shares of the firm’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $31.49, for a total transaction of $203,425.40. Following the transaction, the vice president now directly owns 508,445 shares in the company, valued at $16,010,933.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Peter J. Germain sold 9,654 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $36.04, for a total value of $347,930.16. Following the transaction, the executive vice president now owns 68,987 shares in the company, valued at $2,486,291.48. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 47,430 shares of company stock valued at $1,636,457. Company insiders own 7.10% of the company’s stock.
A number of equities analysts have weighed in on FII shares. Zacks Investment Research cut Federated Investors from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Royal Bank of Canada set a $31.00 price target on Federated Investors and gave the stock a “hold” rating in a report on Friday, December 15th. Argus cut Federated Investors from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. ValuEngine upgraded Federated Investors from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th. Finally, Deutsche Bank initiated coverage on Federated Investors in a research note on Tuesday, October 17th. They set a “hold” rating and a $31.00 target price for the company. Four research analysts have rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $30.75.
Federated Investors Inc (NYSE:FII) traded down $0.58 during trading on Wednesday, hitting $34.56. The stock had a trading volume of 1,484,300 shares, compared to its average volume of 1,036,280. The stock has a market cap of $3,545.77, a PE ratio of 16.46, a P/E/G ratio of 1.35 and a beta of 1.56. 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 12 month low of $24.93 and a 12 month high of $36.67.
Federated Investors (NYSE:FII) last released its earnings results on Thursday, October 26th. The asset manager reported $0.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.03. The company had revenue of $278.32 million during the quarter, compared to analysts’ expectations of $278.51 million. Federated Investors had a return on equity of 34.54% and a net margin of 19.32%. The business’s revenue was down 5.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.54 EPS. equities analysts forecast that Federated Investors Inc will post 2.16 EPS for the current year.
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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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