Herndon Capital Management LLC Acquires 334,450 Shares of Federated Investors Inc. (FII)
Herndon Capital Management LLC raised its position in shares of Federated Investors Inc. (NYSE:FII) by 22.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,853,011 shares of the company’s stock after buying an additional 334,450 shares during the period. Federated Investors makes up about 2.0% of Herndon Capital Management LLC’s portfolio, making the stock its 26th largest position. Herndon Capital Management LLC owned 1.86% of Federated Investors worth $53,328,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Americafirst Capital Management LLC acquired a new stake in Federated Investors during the second quarter worth about $101,000. Advisory Services Network LLC increased its stake in Federated Investors by 787.5% in the second quarter. Advisory Services Network LLC now owns 3,550 shares of the company’s stock worth $102,000 after buying an additional 3,150 shares during the last quarter. JFS Wealth Advisors LLC acquired a new stake in Federated Investors during the second quarter worth about $147,000. LS Investment Advisors LLC increased its stake in Federated Investors by 72.3% in the second quarter. LS Investment Advisors LLC now owns 5,662 shares of the company’s stock worth $163,000 after buying an additional 2,375 shares during the last quarter. Finally, Acadian Asset Management LLC increased its stake in Federated Investors by 12,266.7% in the second quarter. Acadian Asset Management LLC now owns 6,678 shares of the company’s stock worth $192,000 after buying an additional 6,624 shares during the last quarter. 75.42% of the stock is currently owned by institutional investors.
Federated Investors Inc. (NYSE:FII) traded up 1.05% on Tuesday, hitting $27.78. 1,163,803 shares of the stock were exchanged. Federated Investors Inc. has a 52-week low of $22.76 and a 52-week high of $33.13. The firm has a market cap of $2.77 billion, a PE ratio of 15.26 and a beta of 1.51. The stock’s 50 day moving average price is $30.59 and its 200 day moving average price is $30.75.
Federated Investors (NYSE:FII) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. Federated Investors had a net margin of 18.30% and a return on equity of 28.98%. The firm had revenue of $286.74 million for the quarter, compared to analysts’ expectations of $284.39 million. During the same quarter last year, the company earned $0.40 EPS. The firm’s revenue for the quarter was up 25.7% compared to the same quarter last year. Equities research analysts forecast that Federated Investors Inc. will post $1.98 earnings per share for the current year.
FII has been the topic of a number of recent research reports. Jefferies Group decreased their price target on shares of Federated Investors from $37.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, October 11th. Zacks Investment Research raised shares of Federated Investors from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research note on Wednesday, August 10th. Keefe, Bruyette & Woods set a $30.00 price target on shares of Federated Investors and gave the company a “hold” rating in a research note on Friday. Finally, Credit Suisse Group AG set a $27.00 price target on shares of Federated Investors and gave the company a “sell” rating in a research note on Sunday, July 31st. Four analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $30.13.
Federated Investors Company Profile
Federated Investors, Inc (Federated) is a provider of investment management products and related financial services. The Company 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, in both domestic and international markets.
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