Capstone Asset Management Co. reduced its stake in shares of Federated Investors Inc. (NYSE:FII) by 4.5% during the third quarter, Holdings Channel reports. The fund owned 7,275 shares of the company’s stock after selling 340 shares during the period. Capstone Asset Management Co.’s holdings in Federated Investors were worth $216,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the stock. Raymond James Trust N.A. boosted its stake in Federated Investors by 4.9% in the third quarter. Raymond James Trust N.A. now owns 12,494 shares of the company’s stock valued at $370,000 after buying an additional 587 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Federated Investors by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 32,527 shares of the company’s stock valued at $964,000 after buying an additional 652 shares in the last quarter. Macquarie Group Ltd. boosted its stake in shares of Federated Investors by 81.3% in the second quarter. Macquarie Group Ltd. now owns 389,976 shares of the company’s stock valued at $11,224,000 after buying an additional 174,879 shares in the last quarter. Nomura Holdings Inc. acquired a new stake in shares of Federated Investors during the second quarter valued at approximately $214,000. Finally, Mason Street Advisors LLC acquired a new stake in shares of Federated Investors during the second quarter valued at approximately $1,242,000. Hedge funds and other institutional investors own 75.46% of the company’s stock.
Shares of Federated Investors Inc. (NYSE:FII) traded up 0.50% on Wednesday, reaching $28.12. 804,923 shares of the company’s stock were exchanged. The stock has a market cap of $2.80 billion, a P/E ratio of 15.45 and a beta of 1.51. Federated Investors Inc. has a 52-week low of $22.76 and a 52-week high of $33.13. The company’s 50 day moving average price is $31.07 and its 200-day moving average price is $30.78.
Federated Investors (NYSE:FII) last posted its earnings results on Thursday, July 28th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. The firm earned $286.74 million during 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 revenue for the quarter was up 25.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.40 earnings per share. Equities analysts forecast that Federated Investors Inc. will post $1.98 EPS for the current fiscal year.
FII has been the subject of several analyst reports. Zacks Investment Research cut shares of Federated Investors from a “hold” rating to a “sell” rating in a research report on Tuesday, June 14th. Jefferies Group reiterated a “buy” rating and set a $35.00 price target (down previously from $36.00) on shares of Federated Investors in a research report on Monday, July 11th. Keefe, Bruyette & Woods lifted their price target 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. Finally, Credit Suisse Group AG set a $27.00 price target on shares of Federated Investors and gave the stock a “sell” rating in a research report on Sunday, July 31st. Three research 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. Federated Investors presently has a consensus rating of “Hold” and a consensus price target 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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