HPM Partners LLC lessened its holdings in shares of Federated Investors Inc (NYSE:FII) by 43.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,940 shares of the asset manager’s stock after selling 14,449 shares during the period. HPM Partners LLC’s holdings in Federated Investors were worth $442,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in FII. BlackRock Inc. increased its holdings in Federated Investors by 10.5% during the 2nd quarter. BlackRock Inc. now owns 10,814,632 shares of the asset manager’s stock valued at $252,198,000 after purchasing an additional 1,030,135 shares during the period. Nuveen Asset Management LLC increased its holdings in Federated Investors by 4,060.4% during the 1st quarter. Nuveen Asset Management LLC now owns 666,205 shares of the asset manager’s stock valued at $22,251,000 after purchasing an additional 650,192 shares during the period. Renaissance Technologies LLC purchased a new position in Federated Investors during the 2nd quarter valued at about $9,057,000. Burgundy Asset Management Ltd. increased its holdings in Federated Investors by 26.2% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,833,049 shares of the asset manager’s stock valued at $42,747,000 after purchasing an additional 380,546 shares during the period. Finally, Great West Life Assurance Co. Can increased its holdings in Federated Investors by 6.9% during the 2nd quarter. Great West Life Assurance Co. Can now owns 5,452,816 shares of the asset manager’s stock valued at $127,278,000 after purchasing an additional 351,738 shares during the period. Institutional investors own 84.32% of the company’s stock.
Federated Investors stock opened at $24.33 on Wednesday. The company has a current ratio of 3.58, a quick ratio of 3.27 and a debt-to-equity ratio of 0.22. The company has a market cap of $2.38 billion, a price-to-earnings ratio of 11.16, a PEG ratio of 1.90 and a beta of 1.26. Federated Investors Inc has a fifty-two week low of $22.06 and a fifty-two week high of $36.76.
Federated Investors (NYSE:FII) last posted its quarterly earnings data on Thursday, July 26th. The asset manager reported $0.59 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.59. The business had revenue of $256.00 million for the quarter, compared to analysts’ expectations of $257.86 million. Federated Investors had a return on equity of 31.51% and a net margin of 26.70%. The business’s revenue was down 6.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.53 EPS. analysts forecast that Federated Investors Inc will post 2.29 earnings per share for the current year.
In related news, Director Michael J. Farrell purchased 65,000 shares of the company’s stock in a transaction dated Monday, July 30th. The shares were purchased at an average cost of $24.12 per share, with a total value of $1,567,800.00. Following the transaction, the director now directly owns 38,150 shares in the company, valued at approximately $920,178. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 5.30% of the company’s stock.
A number of brokerages recently issued reports on FII. Zacks Investment Research upgraded Federated Investors from a “sell” rating to a “hold” rating in a report on Thursday, July 12th. ValuEngine cut Federated Investors from a “sell” rating to a “strong sell” rating in a research report on Monday, June 11th. JPMorgan Chase & Co. raised Federated Investors from an “underweight” rating to a “neutral” rating and set a $24.00 price objective on the stock in a research report on Monday. Keefe, Bruyette & Woods raised Federated Investors from an “underperform” rating to a “market perform” rating in a research report on Monday, May 28th. Finally, TheStreet cut Federated Investors from a “b-” rating to a “c+” rating in a research report on Tuesday, May 22nd. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. The stock has a consensus rating of “Hold” and an average target price of $30.50.
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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