Cypress Capital Management LLC Has $7.51 Million Holdings in Federated Investors, Inc. (FII)
Cypress Capital Management LLC trimmed its position in shares of Federated Investors, Inc. (NYSE:FII) by 0.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 265,870 shares of the asset manager’s stock after selling 500 shares during the quarter. Cypress Capital Management LLC owned 0.27% of Federated Investors worth $7,511,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Federated Investors by 60.7% during the 1st 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 during the last quarter. FNY Partners Fund LP purchased a new position in Federated Investors during the 1st quarter worth $131,000. Cornerstone Capital Management Holdings LLC. purchased a new position in Federated Investors during the 2nd quarter worth $176,000. Advisor Group Inc. boosted its holdings in Federated Investors by 9.9% during the 2nd quarter. Advisor Group Inc. now owns 6,300 shares of the asset manager’s stock worth $177,000 after acquiring an additional 565 shares during the last quarter. Finally, Huntington National Bank boosted its holdings in Federated Investors by 27.9% during the 2nd 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 during the last quarter. 82.90% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Federated Investors, Inc. (NYSE FII) traded up 1.71% during midday trading on Monday, reaching $30.85. The company had a trading volume of 248,964 shares. Federated Investors, Inc. has a 12-month low of $24.52 and a 12-month high of $30.86. The company has a 50 day moving average of $28.08 and a 200 day moving average of $27.40. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 14.69 and a beta of 1.45.
Federated Investors (NYSE:FII) last posted its quarterly earnings data on Thursday, July 27th. The asset manager reported $0.53 EPS for the quarter, topping the consensus estimate of $0.50 by $0.03. Federated Investors had a return on equity of 33.93% and a net margin of 18.91%. The firm had revenue of $272.80 million for the quarter, compared to the consensus estimate of $278.51 million. During the same quarter last year, the company earned $0.51 earnings per share. The business’s revenue for the quarter was down 4.8% compared to the same quarter last year. Analysts anticipate that Federated Investors, Inc. will post $2.06 EPS for the current year.
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A number of research firms have issued reports on FII. Zacks Investment Research raised shares of Federated Investors from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a report on Tuesday, July 4th. Royal Bank Of Canada started coverage on Federated Investors in a research note on Thursday, June 29th. They set a “sector perform” rating and a $27.00 target price on the stock. BidaskClub cut Federated Investors from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Credit Suisse Group lowered their target price on Federated Investors from $29.00 to $27.00 and set a “neutral” rating on the stock in a research note on Friday, August 11th. Finally, Keefe, Bruyette & Woods reiterated a “sell” rating and set a $28.00 target price on shares of Federated Investors in a research note on Friday, July 14th. Three analysts have rated the stock with a sell rating and six have given a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $24.86.
In other news, VP John B. Fisher sold 5,041 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $27.97, for a total value of $140,996.77. Following the transaction, the vice president now owns 514,905 shares of the company’s stock, valued at $14,401,892.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 7.10% of the stock is owned by company insiders.
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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