3,300 Shares in Federated Investors Inc (FII) Acquired by Rainier Group Investment Advisory LLC
Rainier Group Investment Advisory LLC acquired a new position in Federated Investors Inc (NYSE:FII) during the 1st quarter, Holdings Channel reports. The fund acquired 3,300 shares of the asset manager’s stock, valued at approximately $110,000.
Other hedge funds also recently made changes to their positions in the company. First Allied Advisory Services Inc. bought a new stake in Federated Investors in the fourth quarter worth about $213,000. Raymond James Financial Services Advisors Inc. bought a new stake in Federated Investors in the fourth quarter worth about $215,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Federated Investors by 34.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,025 shares of the asset manager’s stock worth $217,000 after acquiring an additional 1,541 shares during the period. BB&T Securities LLC bought a new stake in Federated Investors in the fourth quarter worth about $232,000. Finally, Public Employees Retirement Association of Colorado raised its position in Federated Investors by 155.7% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 7,634 shares of the asset manager’s stock worth $275,000 after acquiring an additional 4,648 shares during the period. 84.78% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have commented on the stock. Zacks Investment Research lowered shares of Federated Investors from a “buy” rating to a “hold” rating in a research report on Monday, March 12th. Deutsche Bank lowered their price objective on shares of Federated Investors from $34.00 to $32.00 and set a “hold” rating on the stock in a research report on Tuesday, March 6th. Citigroup raised shares of Federated Investors from a “sell” rating to a “neutral” rating in a research report on Monday, March 5th. Jefferies Financial Group reiterated a “hold” rating and issued a $32.00 target price on shares of Federated Investors in a research note on Wednesday, April 11th. Finally, Royal Bank of Canada reduced their target price on shares of Federated Investors to $30.00 and set a “sector perform” rating for the company in a research note on Monday, April 30th. Five investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company. The stock presently has an average rating of “Hold” and an average price target of $31.19.
Federated Investors (NYSE:FII) last posted its earnings results on Thursday, April 26th. The asset manager reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.05). The business had revenue of $263.85 million during the quarter, compared to analysts’ expectations of $277.61 million. Federated Investors had a return on equity of 32.55% and a net margin of 27.63%. Federated Investors’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.49 EPS. sell-side analysts expect that Federated Investors Inc will post 2.4 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 15th. Stockholders of record on Tuesday, May 8th were paid a $0.27 dividend. This is an increase from Federated Investors’s previous quarterly dividend of $0.25. The ex-dividend date was Monday, May 7th. This represents a $1.08 annualized dividend and a dividend yield of 4.53%. Federated Investors’s dividend payout ratio (DPR) is presently 49.54%.
Federated Investors Profile
Federated Investors, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, including high net worth individuals, banking or thrift institutions, investment companies, pension and profit sharing plans, pooled investment vehicles, charitable organizations, state or municipal government entities, and registered investment advisors.
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