Nisa Investment Advisors LLC increased its position in shares of Federated Investors Inc (NYSE:FII) by 20.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,700 shares of the asset manager’s stock after purchasing an additional 5,000 shares during the period. Nisa Investment Advisors LLC’s holdings in Federated Investors were worth $1,072,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Bessemer Group Inc. acquired a new position in shares of Federated Investors during the third quarter worth $126,000. Advisory Services Network LLC lifted its position in Federated Investors by 9.4% in the second quarter. Advisory Services Network LLC now owns 5,968 shares of the asset manager’s stock valued at $169,000 after acquiring an additional 511 shares during the last quarter. Cornerstone Capital Management Holdings LLC. purchased a new stake in Federated Investors in the second quarter valued at $176,000. Advisor Group Inc. lifted its position in Federated Investors by 9.9% in the second quarter. Advisor Group Inc. now owns 6,300 shares of the asset manager’s stock valued at $177,000 after acquiring an additional 565 shares during the last quarter. Finally, Shelton Capital Management purchased a new stake in Federated Investors in the second quarter valued at $200,000. Hedge funds and other institutional investors own 85.15% of the company’s stock.
A number of equities research analysts recently weighed in on FII shares. JPMorgan Chase & Co. cut shares of Federated Investors from a “neutral” rating to an “underweight” rating and set a $31.00 price target for the company. in a research report on Monday, January 8th. Citigroup boosted their price target on shares of Federated Investors from $22.00 to $24.00 and gave the company a “sell” rating in a research report on Tuesday, October 31st. Zacks Investment Research raised shares of Federated Investors from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a research report on Tuesday, October 31st. Royal Bank of Canada set a $29.00 target price on shares of Federated Investors and gave the company a “hold” rating in a report on Friday, October 27th. Finally, ValuEngine raised shares of Federated Investors from a “hold” rating to a “buy” rating in a report on Thursday, November 30th. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $30.75.
Shares of Federated Investors Inc (NYSE FII) opened at $34.78 on Tuesday. The company has a market cap of $3,484.22, a PE ratio of 16.56, a PEG ratio of 1.32 and a beta of 1.56. Federated Investors Inc has a 1-year low of $24.93 and a 1-year high of $36.67. 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.03. The firm had revenue of $278.32 million during the quarter, compared to analysts’ expectations 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 for the quarter was down 5.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.54 earnings per share. sell-side analysts anticipate that Federated Investors Inc will post 2.16 EPS for the current fiscal year.
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Federated Investors Company 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.
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