Cape Cod Five Cents Savings Bank acquired a new stake in Federated Investors Inc (NYSE:FII) during the first quarter, Holdings Channel reports. The firm acquired 28,606 shares of the asset manager’s stock, valued at approximately $754,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State of Alaska Department of Revenue raised its position in Federated Investors by 5.3% in the first quarter. State of Alaska Department of Revenue now owns 7,810 shares of the asset manager’s stock valued at $205,000 after buying an additional 390 shares during the period. Quantitative Systematic Strategies LLC purchased a new position in Federated Investors during the first quarter valued at approximately $601,000. Louisiana State Employees Retirement System raised its position in Federated Investors by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 23,400 shares of the asset manager’s stock valued at $616,000 after buying an additional 400 shares during the period. Eastern Bank raised its position in Federated Investors by 1.4% in the first quarter. Eastern Bank now owns 60,680 shares of the asset manager’s stock valued at $1,598,000 after buying an additional 811 shares during the period. Finally, Bremer Trust National Association raised its position in Federated Investors by 29.1% in the first quarter. Bremer Trust National Association now owns 11,017 shares of the asset manager’s stock valued at $290,000 after buying an additional 2,485 shares during the period. Hedge funds and other institutional investors own 76.42% of the company’s stock.
Shares of Federated Investors Inc (NYSE:FII) traded up 0.60% on Friday, reaching $27.04. 903,841 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $26.30 and a 200 day moving average of $27.16. Federated Investors Inc has a one year low of $24.52 and a one year high of $33.13. The firm has a market capitalization of $2.65 billion, a P/E ratio of 13.32 and a beta of 1.54.
Federated Investors (NYSE:FII) last announced its quarterly earnings data on Thursday, January 26th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.01. The company had revenue of $289.90 million for the quarter, compared to analysts’ expectations of $294.38 million. Federated Investors had a net margin of 18.26% and a return on equity of 32.01%. Federated Investors’s revenue was up 19.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.46 EPS. On average, equities research analysts predict that Federated Investors Inc will post $1.99 EPS for the current year.
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Several research firms recently commented on FII. Zacks Investment Research lowered shares of Federated Investors from a “hold” rating to a “sell” rating in a research note on Tuesday, April 11th. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Federated Investors in a research note on Tuesday, April 4th. Jefferies Group LLC upgraded shares of Federated Investors from an “underperform” rating to a “hold” rating and set a $11.00 price objective for the company in a research note on Friday, March 24th. Citigroup Inc reduced their price objective on shares of Federated Investors from $28.50 to $28.00 and set a “neutral” rating for the company in a research note on Wednesday, January 25th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Federated Investors in a research note on Thursday, January 12th. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. Federated Investors presently has a consensus rating of “Hold” and a consensus target price of $26.40.
In other Federated Investors news, Director Gordon J. Ceresino sold 2,349 shares of the business’s stock in a transaction on Tuesday, March 21st. The shares were sold at an average price of $25.56, for a total value of $60,040.44. Following the transaction, the director now directly owns 185,736 shares of the company’s stock, valued at approximately $4,747,412.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gordon J. Ceresino sold 4,378 shares of the business’s stock in a transaction on Monday, March 6th. The shares were sold at an average price of $26.49, for a total transaction of $115,973.22. Following the completion of the transaction, the insider now directly owns 177,011 shares in the company, valued at $4,689,021.39. The disclosure for this sale can be found here. Insiders sold a total of 15,918 shares of company stock worth $419,391 over the last three months. 10.50% of the stock is currently owned by corporate insiders.
About Federated Investors
Federated Investors, Inc (Federated) is a provider of investment management products and related financial services. Federated operates through investment management business segment. It 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.
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