Herndon Capital Management LLC raised its stake in Federated Investors Inc. (NYSE:FII) by 22.0% during the second quarter, Holdings Channel reports. The firm owned 1,853,011 shares of the company’s stock after buying an additional 334,450 shares during the period. Federated Investors makes up about 2.0% of Herndon Capital Management LLC’s portfolio, making the stock its 26th largest position. Herndon Capital Management LLC’s holdings in Federated Investors were worth $53,328,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Americafirst Capital Management LLC acquired a new stake in shares of Federated Investors during the second quarter valued at about $101,000. Advisory Services Network LLC boosted its stake 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 valued at $102,000 after buying an additional 3,150 shares during the period. JFS Wealth Advisors LLC acquired a new stake in shares of Federated Investors during the second quarter valued at about $147,000. LS Investment Advisors LLC boosted its stake 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 valued at $163,000 after buying an additional 2,375 shares during the period. Finally, Acadian Asset Management LLC boosted its stake 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 valued at $192,000 after buying an additional 6,624 shares during the period. 75.42% of the stock is currently owned by institutional investors.
Shares of Federated Investors Inc. (NYSE:FII) traded up 1.05% during mid-day trading on Tuesday, reaching $27.78. 1,163,803 shares of the company traded hands. The company’s 50 day moving average is $30.59 and its 200 day moving average is $30.75. Federated Investors Inc. has a 52-week low of $22.76 and a 52-week high of $33.13. The stock has a market capitalization of $2.77 billion, a price-to-earnings ratio of 15.26 and a beta of 1.51.
Federated Investors (NYSE:FII) last released its quarterly earnings data 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 firm earned $286.74 million during the quarter, compared to analysts’ expectations of $284.39 million. Federated Investors had a return on equity of 28.98% and a net margin of 18.30%. Federated Investors’s revenue was up 25.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.40 earnings per share. On average, equities analysts forecast that Federated Investors Inc. will post $1.98 earnings per share for the current year.
Several equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Federated Investors from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research note on Wednesday, August 10th. Keefe, Bruyette & Woods set a $30.00 target price on shares of Federated Investors and gave the stock a “hold” rating in a research note on Friday. Jefferies Group reiterated a “buy” rating and set a $35.00 price target on shares of Federated Investors in a report on Friday, July 29th. Finally, Credit Suisse Group AG set a $27.00 price target on Federated Investors and gave the stock a “sell” rating in a report on Sunday, July 31st. Four investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $30.13.
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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