Quantitative Investment Management LLC acquired a new stake in shares of Federated Investors Inc (NYSE:FII) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 21,700 shares of the asset manager’s stock, valued at approximately $782,000.
A number of other hedge funds have also modified their holdings of FII. Great West Life Assurance Co. Can increased its holdings in 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 valued at $139,191,000 after buying an additional 1,104,213 shares during the period. Schroder Investment Management Group increased its holdings in Federated Investors by 16.8% during the fourth quarter. Schroder Investment Management Group now owns 2,272,886 shares of the asset manager’s stock valued at $82,006,000 after buying an additional 327,562 shares during the period. Victory Capital Management Inc. increased its holdings in Federated Investors by 20.2% during the fourth quarter. Victory Capital Management Inc. now owns 1,601,827 shares of the asset manager’s stock valued at $57,794,000 after buying an additional 269,529 shares during the period. Dimensional Fund Advisors LP increased its holdings in 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 valued at $84,403,000 after buying an additional 238,363 shares during the period. Finally, Acadian Asset Management LLC purchased a new position in Federated Investors during the fourth quarter valued at approximately $7,452,000. 85.17% of the stock is currently owned by institutional investors.
In other news, EVP Peter J. Germain sold 9,654 shares of Federated Investors stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $36.04, for a total transaction of $347,930.16. Following the completion of the sale, the executive vice president now directly owns 68,987 shares in the company, valued at $2,486,291.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP John B. Fisher sold 11,683 shares of Federated Investors stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $34.16, for a total transaction of $399,091.28. Following the sale, the vice president now owns 563,267 shares of the company’s stock, valued at $19,241,200.72. The disclosure for this sale can be found here. Insiders sold 27,457 shares of company stock worth $956,416 over the last ninety days. Corporate insiders own 7.10% of the company’s stock.
Federated Investors (NYSE:FII) last released its quarterly earnings results on Thursday, January 25th. The asset manager reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.03. Federated Investors had a net margin of 26.42% and a return on equity of 33.23%. The business had revenue of $278.31 million for the quarter, compared to analyst estimates of $283.45 million. During the same period in the previous year, the company earned $0.52 earnings per share. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. sell-side analysts anticipate that Federated Investors Inc will post 2.77 EPS for the current fiscal year.
Several equities analysts recently issued reports on the stock. Deutsche Bank cut their price objective on shares of Federated Investors from $34.00 to $32.00 and set a “hold” rating on the stock in a report on Tuesday, March 6th. Zacks Investment Research lowered shares of Federated Investors from a “buy” rating to a “hold” rating in a report on Monday, March 12th. Royal Bank of Canada lifted their price objective on shares of Federated Investors to $37.00 and gave the company a “sector perform” rating in a report on Monday, January 29th. Citigroup raised shares of Federated Investors from a “sell” rating to a “neutral” rating in a report on Monday, March 5th. Finally, ValuEngine raised shares of Federated Investors from a “hold” rating to a “buy” rating in a report on Thursday, November 30th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. Federated Investors has an average rating of “Hold” and an average price target of $31.63.
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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.
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