Louisiana State Employees Retirement System cut its position in shares of Federated Investors Inc. (NYSE:FII) by 3.8% during the second quarter, Holdings Channel reports. The firm owned 25,200 shares of the company’s stock after selling 1,000 shares during the period. Louisiana State Employees Retirement System’s holdings in Federated Investors were worth $725,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. BlackRock Fund Advisors boosted its stake in 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 period. Renaissance Technologies LLC boosted its position in Federated Investors by 42.5% in the first quarter. Renaissance Technologies LLC now owns 652,700 shares of the company’s stock valued at $18,830,000 after buying an additional 194,600 shares during the last quarter. Central Bank & Trust Co. purchased a new position in Federated Investors during the second quarter valued at $3,060,000. Prudential Financial Inc. boosted its position in Federated Investors by 43.6% in the first quarter. Prudential Financial Inc. now owns 346,162 shares of the company’s stock valued at $9,987,000 after buying an additional 105,100 shares during the last quarter. Finally, TIAA CREF Investment Management LLC boosted its position in Federated Investors by 21.6% in the first quarter. TIAA CREF Investment Management LLC now owns 382,099 shares of the company’s stock valued at $11,024,000 after buying an additional 67,948 shares during the last quarter. Institutional investors and hedge funds own 75.46% of the company’s stock.
Federated Investors Inc. (NYSE:FII) traded down 1.89% during mid-day trading on Tuesday, reaching $27.98. The company had a trading volume of 1,004,360 shares. The stock has a market capitalization of $2.79 billion, a P/E ratio of 15.37 and a beta of 1.51. Federated Investors Inc. has a 12-month low of $22.76 and a 12-month high of $33.13. The stock has a 50 day moving average price of $31.19 and a 200-day moving average price of $30.80.
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 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 business had revenue of $286.74 million for the quarter, compared to analysts’ expectations of $284.39 million. During the same quarter in the previous year, the firm earned $0.40 earnings per share. The business’s revenue was up 25.7% on a year-over-year basis. Equities analysts anticipate that Federated Investors Inc. will post $1.98 EPS for the current fiscal year.
Several research analysts have weighed in on the company. Credit Suisse Group AG set a $27.00 price objective on Federated Investors and gave the stock a “sell” rating in a research report on Sunday, July 31st. Jefferies Group lowered their price objective on Federated Investors from $37.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday. Zacks Investment Research cut Federated Investors from a “hold” rating to a “sell” rating in a research report on Tuesday, June 14th. Finally, Keefe, Bruyette & Woods increased their price objective on 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 investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $30.75.
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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