LMR Partners LLP bought a new position in Federated Investors Inc. (NYSE:FII) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 24,346 shares of the company’s stock, valued at approximately $701,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of FII. Americafirst Capital Management LLC bought a new position in Federated Investors during the second quarter worth approximately $101,000. Advisory Services Network LLC raised 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 period. JFS Wealth Advisors LLC acquired a new position in shares of Federated Investors during the second quarter worth about $147,000. LS Investment Advisors LLC raised 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 period. Finally, Acadian Asset Management LLC raised 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 period. 75.46% of the stock is owned by hedge funds and other institutional investors.
Shares of Federated Investors Inc. (NYSE:FII) traded down 1.86% during mid-day trading on Tuesday, hitting $27.99. 725,127 shares of the stock traded hands. 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 $2.79 billion, a price-to-earnings ratio of 15.38 and a beta of 1.51. The firm’s 50-day moving average is $31.19 and its 200-day moving average is $30.80.
Federated Investors (NYSE:FII) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.03. Federated Investors had a return on equity of 28.98% and a net margin of 18.30%. The company earned $286.74 million during the quarter, compared to analyst estimates of $284.39 million. During the same quarter in the previous year, the firm earned $0.40 earnings per share. Federated Investors’s revenue was up 25.7% on a year-over-year basis. On average, analysts forecast that Federated Investors Inc. will post $1.98 earnings per share for the current year.
FII has been the subject of a number of research reports. Jefferies Group dropped their price objective on shares of Federated Investors from $37.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday. Zacks Investment Research upgraded shares of 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 raised their price objective on shares of 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 shares of Federated Investors and gave the company a “sell” rating in a report on Sunday, July 31st. Three research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $30.75.
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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