AHL Partners LLP Buys 115,377 Shares of Federated Investors, Inc. (FII)
AHL Partners LLP grew its stake in shares of Federated Investors, Inc. (NYSE:FII) by 100.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 230,031 shares of the asset manager’s stock after acquiring an additional 115,377 shares during the period. AHL Partners LLP owned 0.24% of Federated Investors worth $6,498,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Federated Investors by 60.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,126 shares of the asset manager’s stock worth $109,000 after acquiring an additional 1,559 shares in the last quarter. FNY Partners Fund LP purchased a new stake in shares of Federated Investors during the first quarter worth $131,000. Advisor Group Inc. lifted its position in shares of Federated Investors by 9.9% during the second quarter. Advisor Group Inc. now owns 6,300 shares of the asset manager’s stock worth $177,000 after acquiring an additional 565 shares in the last quarter. Huntington National Bank lifted its position in shares of Federated Investors by 27.9% during the second quarter. Huntington National Bank now owns 6,587 shares of the asset manager’s stock worth $186,000 after acquiring an additional 1,437 shares in the last quarter. Finally, Oxbow Advisors LLC purchased a new stake in shares of Federated Investors during the second quarter worth $203,000. Hedge funds and other institutional investors own 82.88% of the company’s stock.
In other news, VP John B. Fisher sold 5,041 shares of Federated Investors 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 owns 514,905 shares in the company, valued at approximately $14,401,892.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 7.10% of the company’s stock.
Several equities research analysts have issued reports on FII shares. BidaskClub downgraded Federated Investors from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Keefe, Bruyette & Woods restated a “sell” rating and set a $27.00 target price on shares of Federated Investors in a research report on Thursday, August 3rd. Zacks Investment Research downgraded Federated Investors from a “buy” rating to a “hold” rating in a research report on Monday, September 18th. Finally, Royal Bank Of Canada set a $28.00 target price on Federated Investors and gave the stock a “hold” rating in a research report on Friday, July 28th. Three equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company. Federated Investors currently has a consensus rating of “Hold” and an average price target of $24.86.
Federated Investors, Inc. (FII) opened at 30.31 on Friday. The company has a market cap of $2.96 billion, a PE ratio of 14.43 and a beta of 1.45. The stock has a 50 day moving average of $27.97 and a 200 day moving average of $27.37. Federated Investors, Inc. has a 12-month low of $24.52 and a 12-month high of $30.49.
Federated Investors (NYSE:FII) last issued its quarterly earnings results on Thursday, July 27th. The asset manager reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.03. The business had revenue of $272.80 million for the quarter, compared to analysts’ expectations of $278.51 million. Federated Investors had a net margin of 18.91% and a return on equity of 33.93%. The company’s revenue was down 4.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.51 EPS. Equities analysts expect that Federated Investors, Inc. will post $2.06 earnings per share for the current year.
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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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