Northern Trust Corp raised its holdings in shares of Federated Investors Inc (NYSE:FII) by 60.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,565,945 shares of the asset manager’s stock after acquiring an additional 589,553 shares during the quarter. Northern Trust Corp owned approximately 1.55% of Federated Investors worth $36,518,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Rainier Group Investment Advisory LLC purchased a new stake in shares of Federated Investors in the 1st quarter valued at about $110,000. Bruderman Asset Management LLC purchased a new stake in shares of Federated Investors in the 2nd quarter valued at about $113,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Federated Investors in the 2nd quarter valued at about $156,000. NumerixS Investment Technologies Inc lifted its holdings in shares of Federated Investors by 123.9% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 9,850 shares of the asset manager’s stock valued at $229,000 after purchasing an additional 5,450 shares during the last quarter. Finally, Landmark Bank purchased a new stake in shares of Federated Investors in the 2nd quarter valued at about $233,000. 84.11% of the stock is owned by institutional investors and hedge funds.
FII opened at $22.79 on Friday. The company has a quick ratio of 3.27, a current ratio of 3.58 and a debt-to-equity ratio of 0.22. The company has a market cap of $2.27 billion, a price-to-earnings ratio of 9.56, a P/E/G ratio of 1.80 and a beta of 1.27. Federated Investors Inc has a 52 week low of $22.06 and a 52 week high of $36.76.
Several analysts have recently weighed in on FII shares. Zacks Investment Research raised Federated Investors from a “sell” rating to a “hold” rating in a report on Thursday, July 12th. Royal Bank of Canada set a $28.00 target price on Federated Investors and gave the company a “hold” rating in a report on Friday, July 27th. Keefe, Bruyette & Woods reissued a “neutral” rating and issued a $25.00 target price on shares of Federated Investors in a report on Sunday, July 29th. Finally, JPMorgan Chase & Co. raised Federated Investors from an “underweight” rating to a “neutral” rating and set a $24.00 target price for the company in a report on Monday, September 17th. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. Federated Investors currently has a consensus rating of “Hold” and an average price target of $30.50.
In related news, Director Michael J. Farrell acquired 65,000 shares of Federated Investors stock in a transaction on Monday, July 30th. The stock was purchased at an average cost of $24.12 per share, with a total value of $1,567,800.00. Following the purchase, the director now directly owns 38,150 shares in the company, valued at $920,178. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.30% of the stock is owned by corporate insiders.
Federated Investors Profile
Federated Investors, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, including high net worth individuals, banking or thrift institutions, investment companies, pension and profit sharing plans, pooled investment vehicles, charitable organizations, state or municipal government entities, and registered investment advisors.
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