Mackenzie Financial Corp purchased a new position in Federated Investors, Inc. (NYSE:FII) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 181,406 shares of the asset manager’s stock, valued at approximately $5,388,000. Mackenzie Financial Corp owned 0.18% of Federated Investors at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. FMR LLC boosted its position in shares of Federated Investors by 3.5% during the second 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 last quarter. Great West Life Assurance Co. Can boosted its position in shares of Federated Investors by 31.0% during the third 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 last quarter. Dimensional Fund Advisors LP boosted its position in shares of Federated Investors by 9.2% during the third 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 last quarter. State Street Corp boosted its position in shares of Federated Investors by 2.1% during the second 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 last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Federated Investors by 6.4% during the third 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 last quarter. Institutional investors and hedge funds own 85.61% of the company’s stock.

Federated Investors, Inc. (FII) traded up $0.18 during mid-day trading on Friday, reaching $34.85. 559,917 shares of the company traded hands, compared to its average volume of 638,244. The stock has a market cap of $3,498.34, a P/E ratio of 16.51, a PEG ratio of 3.28 and a beta of 1.57. Federated Investors, Inc. has a 52 week low of $24.93 and a 52 week high of $34.91. The company has a quick ratio of 1.89, a current ratio of 3.33 and a debt-to-equity ratio of 0.27.

Federated Investors (NYSE:FII) last posted its quarterly earnings results on Thursday, October 26th. The asset manager reported $0.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.03. The company had revenue of $278.32 million for the quarter, compared to the consensus estimate of $278.51 million. Federated Investors had a net margin of 19.32% and a return on equity of 34.54%. The firm’s revenue was down 5.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.54 EPS. analysts predict that Federated Investors, Inc. will post 2.15 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 8th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend was Tuesday, November 7th. Federated Investors’s dividend payout ratio is presently 47.62%.

Several equities analysts have commented on FII shares. Deutsche Bank started coverage on shares of Federated Investors in a research report on Tuesday, October 17th. They set a “hold” rating and a $31.00 price objective for the company. Zacks Investment Research upgraded shares of Federated Investors from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research report on Monday, October 2nd. Argus lowered shares of Federated Investors from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Keefe, Bruyette & Woods reiterated a “sell” rating and set a $31.00 price objective on shares of Federated Investors in a research report on Wednesday, November 1st. Finally, Royal Bank Of Canada set a $28.00 price objective on shares of Federated Investors and gave the company a “hold” rating in a research report on Wednesday, October 18th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. Federated Investors currently has a consensus rating of “Hold” and an average price target of $28.75.

In related news, VP John B. Fisher sold 6,460 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $31.49, for a total value of $203,425.40. Following the transaction, the vice president now owns 508,445 shares of the company’s stock, valued at approximately $16,010,933.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 7,776 shares of company stock worth $244,827 in the last ninety days. 7.10% of the stock is currently owned by insiders.

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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.

Institutional Ownership by Quarter for Federated Investors (NYSE:FII)

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