GSA Capital Partners LLP bought a new position in shares of Federated Investors Inc. (NYSE:FII) during the second quarter, Holdings Channel reports. The firm bought 11,509 shares of the company’s stock, valued at approximately $331,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp raised its position in Federated Investors by 0.4% in the first quarter. State Street Corp now owns 2,675,072 shares of the company’s stock worth $77,183,000 after buying an additional 10,580 shares in the last quarter. Americafirst Capital Management LLC acquired a new stake in shares of Federated Investors during the second quarter worth approximately $101,000. Springbok Capital Management LLC acquired a new stake in shares of Federated Investors during the first quarter worth approximately $640,000. Teachers Advisors Inc. raised its stake in shares of Federated Investors by 85.2% in the first quarter. Teachers Advisors Inc. now owns 135,362 shares of the company’s stock worth $3,905,000 after buying an additional 62,258 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of Federated Investors by 78.0% in the first quarter. JPMorgan Chase & Co. now owns 61,179 shares of the company’s stock worth $1,765,000 after buying an additional 26,803 shares during the period. Institutional investors own 75.46% of the company’s stock.
Shares of Federated Investors Inc. (NYSE:FII) traded down 5.76% during mid-day trading on Monday, hitting $29.59. The company’s stock had a trading volume of 1,551,059 shares. Federated Investors Inc. has a 52-week low of $22.76 and a 52-week high of $33.13. The company has a market cap of $2.95 billion, a price-to-earnings ratio of 16.26 and a beta of 1.38. The stock’s 50 day moving average price is $32.10 and its 200 day moving average price is $30.67.
Federated Investors (NYSE:FII) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.03. The company had revenue of $286.74 million for the quarter, compared to the consensus estimate of $284.39 million. Federated Investors had a return on equity of 28.98% and a net margin of 18.30%. The firm’s quarterly revenue was up 25.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.40 EPS. Equities analysts forecast that Federated Investors Inc. will post $1.98 EPS for the current year.
A number of analysts recently commented on FII shares. Zacks Investment Research upgraded Federated Investors from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Wednesday, August 10th. Jefferies Group lifted their price target on Federated Investors from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Monday, August 8th. Keefe, Bruyette & Woods lifted their price target on Federated Investors from $33.00 to $35.00 and gave the stock a “market perform” rating in a report on Monday, August 1st. Finally, Credit Suisse Group AG set a $27.00 price target on Federated Investors and gave the stock a “sell” rating in a report on Sunday, July 31st. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Federated Investors has a consensus rating of “Hold” and an average price target of $31.00.
About Federated Investors
Federated Investors, Inc (Federated) is a provider of investment management products and related financial services. The Company 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, in both domestic and international markets.
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