New Amsterdam Partners LLC NY trimmed its position in shares of Federated Investors Inc (NYSE:FII) by 16.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 116,030 shares of the asset manager’s stock after selling 22,771 shares during the quarter. New Amsterdam Partners LLC NY’s holdings in Federated Investors were worth $2,799,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. boosted its stake in Federated Investors by 10.5% during the second quarter. BlackRock Inc. now owns 10,814,632 shares of the asset manager’s stock worth $252,198,000 after buying an additional 1,030,135 shares during the period. Great West Life Assurance Co. Can boosted its stake in Federated Investors by 6.9% during the second quarter. Great West Life Assurance Co. Can now owns 5,452,816 shares of the asset manager’s stock worth $127,278,000 after buying an additional 351,738 shares during the period. Dimensional Fund Advisors LP boosted its stake in Federated Investors by 4.6% during the second quarter. Dimensional Fund Advisors LP now owns 3,089,719 shares of the asset manager’s stock worth $72,052,000 after buying an additional 134,621 shares during the period. Schneider Downs Wealth Management Advisors LP boosted its stake in Federated Investors by 0.8% during the second quarter. Schneider Downs Wealth Management Advisors LP now owns 3,046,084 shares of the asset manager’s stock worth $71,035,000 after buying an additional 25,319 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Federated Investors by 7.9% during the second quarter. Bank of New York Mellon Corp now owns 2,893,503 shares of the asset manager’s stock worth $67,476,000 after buying an additional 211,748 shares during the period. 83.83% of the stock is owned by institutional investors.

Several research firms have commented on FII. Royal Bank of Canada set a $26.00 price objective on shares of Federated Investors and gave the stock a “hold” rating in a research note on Monday, October 29th. ValuEngine raised shares of Federated Investors from a “strong sell” rating to a “sell” rating in a research note on Saturday, October 27th. Zacks Investment Research raised shares of Federated Investors from a “sell” rating to a “hold” rating in a research note on Monday, October 1st. JPMorgan Chase & Co. raised shares of Federated Investors from an “underweight” rating to a “neutral” rating and set a $24.00 price objective for the company in a research note on Monday, September 17th. Finally, Keefe, Bruyette & Woods reaffirmed a “neutral” rating and set a $25.00 price objective on shares of Federated Investors in a research note on Sunday, July 29th. Two investment analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. Federated Investors has a consensus rating of “Hold” and a consensus target price of $30.21.

In other news, EVP Peter J. Germain sold 1,415 shares of the business’s stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $25.06, for a total transaction of $35,459.90. Following the completion of the sale, the executive vice president now directly owns 92,764 shares of the company’s stock, valued at $2,324,665.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John B. Fisher sold 10,099 shares of the business’s stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $24.89, for a total transaction of $251,364.11. Following the sale, the vice president now directly owns 541,485 shares of the company’s stock, valued at $13,477,561.65. The disclosure for this sale can be found here. Insiders have sold 11,712 shares of company stock valued at $291,790 over the last three months. Insiders own 5.30% of the company’s stock.

Shares of FII opened at $25.01 on Thursday. The firm has a market cap of $2.52 billion, a PE ratio of 10.44, a P/E/G ratio of 1.59 and a beta of 1.11. Federated Investors Inc has a 12-month low of $22.06 and a 12-month high of $36.76. The company has a quick ratio of 1.41, a current ratio of 1.65 and a debt-to-equity ratio of 0.19.

Federated Investors (NYSE:FII) last issued its earnings results on Thursday, October 25th. The asset manager reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.05. The firm had revenue of $308.62 million during the quarter, compared to analyst estimates of $283.04 million. Federated Investors had a net margin of 26.25% and a return on equity of 30.19%. Analysts predict that Federated Investors Inc will post 2.37 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, November 8th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date of this dividend is Wednesday, November 7th. Federated Investors’s dividend payout ratio is currently 49.54%.

ILLEGAL ACTIVITY WARNING: This piece was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece on another publication, it was illegally copied and republished in violation of international copyright law. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2018/11/08/federated-investors-inc-fii-holdings-reduced-by-new-amsterdam-partners-llc-ny.html.

Federated Investors Company 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.

Further Reading: Why do company’s buyback their stock?

Want to see what other hedge funds are holding FII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Federated Investors Inc (NYSE:FII).

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

Receive News & Ratings for Federated Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federated Investors and related companies with MarketBeat.com's FREE daily email newsletter.