Prudential Financial Inc. lowered its position in shares of Federated Investors Inc. (NYSE:FII) by 5.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 326,862 shares of the company’s stock after selling 19,300 shares during the period. Prudential Financial Inc. owned about 0.33% of Federated Investors worth $9,407,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Americafirst Capital Management LLC acquired a new position in shares of Federated Investors during the second quarter worth about $101,000. Advisory Services Network LLC increased its position in shares of Federated Investors by 787.5% in the second quarter. Advisory Services Network LLC now owns 3,550 shares of the company’s stock worth $102,000 after buying an additional 3,150 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Federated Investors by 77.5% in the second quarter. Victory Capital Management Inc. now owns 3,704 shares of the company’s stock worth $107,000 after buying an additional 1,617 shares in the last quarter. Glenmede Trust Co. NA acquired a new position in shares of Federated Investors during the second quarter worth about $130,000. Finally, JFS Wealth Advisors LLC acquired a new position in shares of Federated Investors during the second quarter worth about $147,000. Institutional investors own 75.46% of the company’s stock.
Shares of Federated Investors Inc. (NYSE:FII) traded up 0.14% during mid-day trading on Thursday, hitting $29.25. The stock had a trading volume of 135,890 shares. The stock has a market cap of $2.91 billion, a P/E ratio of 16.07 and a beta of 1.51. The company’s 50 day moving average is $31.50 and its 200-day moving average is $30.77. 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, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.03. The company had revenue of $286.74 million for the quarter, compared to analyst estimates 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 was up 25.7% compared to the same quarter last year. During the same period last year, the company posted $0.40 earnings per share. On average, equities research analysts anticipate that Federated Investors Inc. will post $1.98 earnings per share for the current fiscal year.
A number of research analysts have weighed in on FII shares. Credit Suisse Group AG set a $27.00 target price on Federated Investors and gave the stock a “sell” rating in a report on Sunday, July 31st. Jefferies Group reiterated a “buy” rating and set a $35.00 target price on shares of Federated Investors in a report on Friday, July 29th. Zacks Investment Research downgraded Federated Investors from a “hold” rating to a “sell” rating in a report on Tuesday, June 14th. Finally, Keefe, Bruyette & Woods upped their target price on Federated Investors from $33.00 to $35.00 and gave the stock a “market perform” rating in a report on Monday, August 1st. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average 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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