Federated Investors, Inc. (FII) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its stake in Federated Investors, Inc. (NYSE:FII) by 41.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,237 shares of the asset manager’s stock after buying an additional 6,778 shares during the period. Russell Investments Group Ltd.’s holdings in Federated Investors were worth $656,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. State Treasurer State of Michigan boosted its position in Federated Investors by 0.3% in the first quarter. State Treasurer State of Michigan now owns 37,600 shares of the asset manager’s stock valued at $990,000 after buying an additional 100 shares in the last quarter. Northwest Investment Counselors LLC boosted its position in Federated Investors by 0.5% in the second quarter. Northwest Investment Counselors LLC now owns 58,727 shares of the asset manager’s stock valued at $1,659,000 after buying an additional 287 shares in the last quarter. Advantus Capital Management Inc boosted its position in Federated Investors by 2.5% in the first quarter. Advantus Capital Management Inc now owns 11,849 shares of the asset manager’s stock valued at $312,000 after buying an additional 290 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in Federated Investors by 0.8% in the first quarter. Public Employees Retirement System of Ohio now owns 36,317 shares of the asset manager’s stock valued at $957,000 after buying an additional 296 shares in the last quarter. Finally, Mason Street Advisors LLC boosted its position in Federated Investors by 0.7% in the first quarter. Mason Street Advisors LLC now owns 43,719 shares of the asset manager’s stock valued at $1,152,000 after buying an additional 309 shares in the last quarter. Hedge funds and other institutional investors own 82.88% of the company’s stock.

A number of brokerages have weighed in on FII. BidaskClub lowered shares of Federated Investors from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Zacks Investment Research upgraded shares of Federated Investors from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Tuesday, September 12th. Keefe, Bruyette & Woods restated a “sell” rating and issued a $28.00 target price on shares of Federated Investors in a research report on Friday, July 14th. Credit Suisse Group cut their target price on shares of Federated Investors from $29.00 to $27.00 and set a “neutral” rating on the stock in a research report on Friday, August 11th. Finally, Royal Bank Of Canada set a $28.00 target price on shares of Federated Investors and gave the company 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’s stock. Federated Investors presently has an average rating of “Hold” and an average price target of $24.43.

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Federated Investors, Inc. (NYSE FII) traded up 0.86% during trading on Monday, hitting $28.29. 202,237 shares of the stock traded hands. The company has a 50-day moving average price of $27.30 and a 200-day moving average price of $27.09. Federated Investors, Inc. has a 12 month low of $24.52 and a 12 month high of $32.40. The stock has a market cap of $2.76 billion, a PE ratio of 13.47 and a beta of 1.42.

Federated Investors (NYSE:FII) last released its quarterly earnings results on Thursday, July 27th. The asset manager reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.03. Federated Investors had a net margin of 18.91% and a return on equity of 33.93%. The business had revenue of $272.80 million during the quarter, compared to analysts’ expectations of $278.51 million. During the same quarter in the previous year, the company earned $0.51 EPS. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. Equities research analysts expect that Federated Investors, Inc. will post $2.06 EPS for the current year.

In other Federated Investors news, VP John B. Fisher sold 5,041 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $27.97, for a total value of $140,996.77. Following the completion of the transaction, the vice president now owns 514,905 shares of the company’s stock, valued at approximately $14,401,892.85. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Richard A. Novak sold 2,700 shares of the business’s stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $27.70, for a total transaction of $74,790.00. Following the completion of the transaction, the insider now directly owns 44,741 shares of the company’s stock, valued at approximately $1,239,325.70. The disclosure for this sale can be found here. In the last three months, insiders sold 8,002 shares of company stock valued at $223,095. Corporate insiders own 7.10% of the company’s stock.

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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