Bank of New York Mellon Corp reduced its position in shares of Federated Investors Inc (NYSE:FII) by 4.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,679,820 shares of the asset manager’s stock after selling 134,551 shares during the period. Bank of New York Mellon Corp’s holdings in Federated Investors were worth $71,149,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of FII. Greenwich Investment Management Inc. bought a new position in shares of Federated Investors in the fourth quarter valued at approximately $209,000. Ffcm LLC grew its holdings in shares of Federated Investors by 1,487.8% in the fourth quarter. Ffcm LLC now owns 5,875 shares of the asset manager’s stock valued at $156,000 after acquiring an additional 5,505 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Federated Investors by 0.3% in the fourth quarter. BlackRock Inc. now owns 13,333,986 shares of the asset manager’s stock valued at $354,019,000 after acquiring an additional 35,445 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new position in shares of Federated Investors in the fourth quarter valued at approximately $238,000. Finally, Seacliff Capital LLC bought a new position in shares of Federated Investors in the fourth quarter valued at approximately $1,328,000. 84.91% of the stock is currently owned by institutional investors and hedge funds.
In other Federated Investors news, Director Gordon J. Ceresino sold 5,067 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $29.75, for a total transaction of $150,743.25. Following the completion of the transaction, the director now directly owns 190,469 shares of the company’s stock, valued at $5,666,452.75. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Peter J. Germain sold 1,682 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $29.76, for a total value of $50,056.32. Following the transaction, the executive vice president now directly owns 112,946 shares of the company’s stock, valued at $3,361,272.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,713 shares of company stock valued at $646,856. 5.30% of the stock is owned by corporate insiders.
FII stock opened at $29.37 on Friday. Federated Investors Inc has a 12-month low of $22.06 and a 12-month high of $34.62. The company has a market capitalization of $2.99 billion, a PE ratio of 12.29, a price-to-earnings-growth ratio of 2.77 and a beta of 0.87. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.68 and a quick ratio of 1.49.
Federated Investors (NYSE:FII) last announced its quarterly earnings data on Thursday, January 24th. The asset manager reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.01. Federated Investors had a return on equity of 29.33% and a net margin of 19.40%. The business had revenue of $307.20 million during the quarter, compared to analyst estimates of $305.68 million. During the same period in the prior year, the company earned $0.61 earnings per share. Federated Investors’s revenue was up 10.4% compared to the same quarter last year. Analysts anticipate that Federated Investors Inc will post 2.38 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 15th. Shareholders of record on Friday, February 8th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 3.68%. The ex-dividend date was Thursday, February 7th. Federated Investors’s dividend payout ratio (DPR) is 45.19%.
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Federated Investors Company 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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