IBM Retirement Fund decreased its position in Federated Investors Inc. (NYSE:FII) by 1.6% during the second quarter, Holdings Channel reports. The fund owned 9,436 shares of the company’s stock after selling 157 shares during the period. IBM Retirement Fund’s holdings in Federated Investors were worth $272,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in FII. Norges Bank acquired a new stake in shares of Federated Investors during the fourth quarter worth about $35,504,000. BlackRock Fund Advisors raised its stake in shares of Federated Investors by 8.3% in the first quarter. BlackRock Fund Advisors now owns 6,138,156 shares of the company’s stock worth $177,086,000 after buying an additional 470,282 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Federated Investors by 42.5% in the first quarter. Renaissance Technologies LLC now owns 652,700 shares of the company’s stock worth $18,830,000 after buying an additional 194,600 shares during the last quarter. Central Bank & Trust Co. acquired a new stake in shares of Federated Investors during the second quarter worth about $3,060,000. Finally, Prudential Financial Inc. raised its stake in shares of Federated Investors by 43.6% in the first quarter. Prudential Financial Inc. now owns 346,162 shares of the company’s stock worth $9,987,000 after buying an additional 105,100 shares during the last quarter. 75.46% of the stock is currently owned by institutional investors and hedge funds.
Federated Investors Inc. (NYSE:FII) traded up 1.23% during trading on Friday, hitting $29.63. The stock had a trading volume of 959,616 shares. The company has a market cap of $2.95 billion, a PE ratio of 16.28 and a beta of 1.38. The stock has a 50-day moving average price of $31.75 and a 200-day moving average price of $30.74. Federated Investors Inc. has a 52 week low of $22.76 and a 52 week high of $33.13.
Federated Investors (NYSE:FII) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.03. The firm earned $286.74 million during the quarter, compared to analysts’ expectations of $284.39 million. Federated Investors had a net margin of 18.30% and a return on equity of 28.98%. Federated Investors’s revenue for the quarter was up 25.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.40 earnings per share. Equities analysts predict that Federated Investors Inc. will post $1.98 EPS for the current year.
A number of analysts have recently issued reports on FII shares. Jefferies Group lifted their target price on Federated Investors from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Monday, August 8th. Zacks Investment Research raised Federated Investors from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a report on Wednesday, August 10th. Keefe, Bruyette & Woods boosted their price objective on Federated Investors from $33.00 to $35.00 and gave the company a “market perform” rating in a report on Monday, August 1st. Finally, Credit Suisse Group AG set a $27.00 price objective on Federated Investors and gave the company a “sell” rating in a report on Sunday, July 31st. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. Federated Investors presently has an average rating of “Hold” and a consensus target price of $31.00.
Federated Investors Company Profile
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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