Emerald Advisers Inc. PA raised its position in shares of Federated Investors Inc. (NYSE:FII) by 39.6% during the second quarter, Holdings Channel reports. The firm owned 210,250 shares of the company’s stock after buying an additional 59,690 shares during the period. Emerald Advisers Inc. PA’s holdings in Federated Investors were worth $6,051,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of FII. Americafirst Capital Management LLC purchased 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 during the last quarter. JFS Wealth Advisors LLC purchased a new position in shares of Federated Investors during the second quarter worth about $147,000. LS Investment Advisors LLC increased its position in shares of Federated Investors by 72.3% in the second quarter. LS Investment Advisors LLC now owns 5,662 shares of the company’s stock worth $163,000 after buying an additional 2,375 shares during the last quarter. Finally, Acadian Asset Management LLC increased its position in shares of Federated Investors by 12,266.7% in the second quarter. Acadian Asset Management LLC now owns 6,678 shares of the company’s stock worth $192,000 after buying an additional 6,624 shares during the last quarter. 75.46% of the stock is currently owned by institutional investors and hedge funds.
Shares of Federated Investors Inc. (NYSE:FII) traded down 4.00% during mid-day trading on Friday, reaching $28.31. 1,663,745 shares of the company’s stock traded hands. Federated Investors Inc. has a one year low of $22.76 and a one year high of $33.13. The firm’s 50-day moving average is $31.42 and its 200 day moving average is $30.76. The firm has a market cap of $2.82 billion, a price-to-earnings ratio of 15.55 and a beta of 1.51.
Federated Investors (NYSE:FII) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.03. The business had revenue of $286.74 million for 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%. The business’s quarterly revenue was up 25.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.40 earnings per share. Analysts predict that Federated Investors Inc. will post $1.98 earnings per share for the current year.
A number of brokerages have recently issued reports on FII. Zacks Investment Research raised shares of Federated Investors from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a research report on Wednesday, August 10th. Jefferies Group lifted their price objective on shares of Federated Investors from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Monday, August 8th. Credit Suisse Group AG set a $27.00 price objective on shares of Federated Investors and gave the stock a “sell” rating in a research report on Sunday, July 31st. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Federated Investors from $33.00 to $35.00 and gave the stock a “market perform” rating in a research report on Monday, August 1st. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus 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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