First National Trust Co. decreased its position in Federated Investors Inc. (NYSE:FII) by 23.4% during the second quarter, Holdings Channel reports. The firm owned 19,041 shares of the company’s stock after selling 5,829 shares during the period. First National Trust Co.’s holdings in Federated Investors were worth $548,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. UBS Group AG increased its stake in Federated Investors by 2.0% in the first quarter. UBS Group AG now owns 110,994 shares of the company’s stock worth $3,202,000 after buying an additional 2,139 shares during the period. Rafferty Asset Management LLC increased its stake in Federated Investors by 49.0% in the first quarter. Rafferty Asset Management LLC now owns 12,376 shares of the company’s stock worth $357,000 after buying an additional 4,071 shares during the period. State Street Corp increased its stake 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 during the period. Credit Agricole S A increased its stake in Federated Investors by 4.1% in the first quarter. Credit Agricole S A now owns 35,395 shares of the company’s stock worth $1,021,000 after buying an additional 1,401 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in 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. 75.46% of the stock is owned by institutional investors.
Federated Investors Inc. (NYSE:FII) traded up 1.07% during mid-day trading on Wednesday, reaching $29.21. The company’s stock had a trading volume of 3,003,175 shares. The company has a 50 day moving average of $31.50 and a 200-day moving average of $30.77. Federated Investors Inc. has a 52-week low of $22.76 and a 52-week high of $33.13. The stock has a market cap of $2.91 billion, a PE ratio of 16.05 and a beta of 1.51.
Federated Investors (NYSE:FII) last posted its quarterly earnings data 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 earned $286.74 million during the quarter, compared to analysts’ expectations of $284.39 million. Federated Investors had a return on equity of 28.98% and a net margin of 18.30%. Federated Investors’s revenue for the quarter was up 25.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.40 earnings per share. Equities analysts forecast that Federated Investors Inc. will post $1.98 earnings per share for the current year.
A number of research firms have recently weighed in on FII. Jefferies Group raised their price target on Federated Investors from $35.00 to $37.00 and gave the stock a “buy” rating in a research note 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 on the stock in a research note on Wednesday, August 10th. Credit Suisse Group AG set a $27.00 price objective on Federated Investors and gave the company a “sell” rating in a research note on Sunday, July 31st. Finally, Keefe, Bruyette & Woods raised their price objective on Federated Investors from $33.00 to $35.00 and gave the company a “market perform” rating in a research note on Monday, August 1st. Three analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target 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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