Schroder Investment Management Group Boosts Holdings in Federated Investors, Inc. (FII)
Schroder Investment Management Group raised its position in shares of Federated Investors, Inc. (NYSE:FII) by 7.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,797,326 shares of the asset manager’s stock after acquiring an additional 131,500 shares during the period. Schroder Investment Management Group owned approximately 1.77% of Federated Investors worth $50,038,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of the business. State Treasurer State of Michigan grew its position in Federated Investors by 0.3% during the first quarter. State Treasurer State of Michigan now owns 37,600 shares of the asset manager’s stock valued at $990,000 after acquiring an additional 100 shares during the period. Camelot Portfolios LLC grew its position in Federated Investors by 0.5% during the second quarter. Camelot Portfolios LLC now owns 24,859 shares of the asset manager’s stock valued at $702,000 after acquiring an additional 119 shares during the period. Lowe Brockenbrough & Co. Inc. grew its position in Federated Investors by 0.8% during the second quarter. Lowe Brockenbrough & Co. Inc. now owns 18,000 shares of the asset manager’s stock valued at $508,000 after acquiring an additional 150 shares during the period. Northwest Investment Counselors LLC grew its position in Federated Investors by 0.5% during the second quarter. Northwest Investment Counselors LLC now owns 58,727 shares of the asset manager’s stock valued at $1,659,000 after acquiring an additional 287 shares during the period. Finally, Advantus Capital Management Inc grew its position in Federated Investors by 2.5% during the first quarter. Advantus Capital Management Inc now owns 11,849 shares of the asset manager’s stock valued at $312,000 after acquiring an additional 290 shares during the period. 82.88% of the stock is owned by hedge funds and other institutional investors.
In other Federated Investors news, VP John B. Fisher sold 5,041 shares of the stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $27.97, for a total transaction of $140,996.77. Following the transaction, the vice president now directly owns 514,905 shares of the company’s stock, valued at $14,401,892.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Richard A. Novak sold 2,700 shares of the stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $27.70, for a total transaction of $74,790.00. Following the transaction, the insider now directly owns 44,741 shares in the company, valued at $1,239,325.70. The disclosure for this sale can be found here. Insiders have sold 8,875 shares of company stock worth $246,998 over the last three months. Company insiders own 7.10% of the company’s stock.
FII has been the subject of a number of research reports. ValuEngine downgraded Federated Investors from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub downgraded Federated Investors from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Keefe, Bruyette & Woods reissued a “sell” rating and set a $27.00 price target on shares of Federated Investors in a research report on Thursday, August 3rd. Citigroup Inc. downgraded Federated Investors from a “neutral” rating to a “sell” rating and lowered their price target for the company from $26.00 to $24.00 in a research report on Monday, June 5th. Finally, Royal Bank Of Canada set a $28.00 price target on Federated Investors and gave the company a “hold” rating in a research report on Friday, July 28th. Three research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $24.71.
Federated Investors, Inc. (FII) opened at 26.66 on Friday. The firm has a market cap of $2.60 billion, a PE ratio of 12.70 and a beta of 1.42. Federated Investors, Inc. has a 52 week low of $24.52 and a 52 week high of $32.40. The firm’s 50 day moving average price is $27.57 and its 200-day moving average price is $27.08.
Federated Investors (NYSE:FII) last posted its earnings results on Thursday, July 27th. The asset manager reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.03. The firm had revenue of $272.80 million for the quarter, compared to the consensus estimate of $278.51 million. Federated Investors had a net margin of 18.91% and a return on equity of 33.93%. The business’s quarterly revenue was down 4.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.51 earnings per share. On average, analysts forecast that Federated Investors, Inc. will post $2.06 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 8th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.75%. The ex-dividend date was Friday, August 4th. Federated Investors’s payout ratio is 48.08%.
About Federated Investors
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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