Greenwich Investment Management Inc. Sells 875 Shares of Federated Investors Inc (NYSE:FII)

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Greenwich Investment Management Inc. lowered its stake in shares of Federated Investors Inc (NYSE:FII) by 12.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,300 shares of the asset manager’s stock after selling 875 shares during the quarter. Greenwich Investment Management Inc.’s holdings in Federated Investors were worth $205,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Public Employees Retirement Association of Colorado raised its holdings in Federated Investors by 274.6% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 15,147 shares of the asset manager’s stock worth $492,000 after purchasing an additional 11,103 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in Federated Investors by 1.7% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 17,700 shares of the asset manager’s stock worth $575,000 after purchasing an additional 300 shares during the last quarter. Aperio Group LLC raised its holdings in Federated Investors by 1.5% during the 2nd quarter. Aperio Group LLC now owns 283,181 shares of the asset manager’s stock worth $9,203,000 after purchasing an additional 4,222 shares during the last quarter. AGF Investments LLC raised its holdings in Federated Investors by 36.0% during the 2nd quarter. AGF Investments LLC now owns 10,506 shares of the asset manager’s stock worth $341,000 after purchasing an additional 2,780 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Federated Investors by 161.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,491 shares of the asset manager’s stock worth $471,000 after purchasing an additional 8,956 shares during the last quarter. 81.01% of the stock is currently owned by institutional investors and hedge funds.

FII has been the subject of a number of recent research reports. ValuEngine downgraded Federated Investors from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research downgraded Federated Investors from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. Citigroup upped their price target on Federated Investors from $31.00 to $32.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 9th. Finally, JPMorgan Chase & Co. raised Federated Investors from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $34.00 to $36.00 in a research report on Monday, June 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $30.71.

FII opened at $32.78 on Wednesday. Federated Investors Inc has a 1-year low of $22.06 and a 1-year high of $35.98. The firm has a fifty day simple moving average of $33.35. The company has a current ratio of 2.23, a quick ratio of 1.92 and a debt-to-equity ratio of 0.26. The company has a market cap of $3.29 billion, a PE ratio of 13.72, a PEG ratio of 1.80 and a beta of 0.79.

Federated Investors (NYSE:FII) last posted its quarterly earnings results on Thursday, July 25th. The asset manager reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. The business had revenue of $321.50 million for the quarter, compared to analysts’ expectations of $317.81 million. Federated Investors had a return on equity of 27.29% and a net margin of 19.16%. The firm’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.38 EPS. Analysts predict that Federated Investors Inc will post 2.49 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 8th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend is Wednesday, August 7th. Federated Investors’s payout ratio is 45.19%.

In related news, VP Paul A. Uhlman sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $35.15, for a total value of $1,406,000.00. Following the sale, the vice president now directly owns 195,364 shares of the company’s stock, valued at $6,867,044.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Paul A. Uhlman sold 1,007 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $31.82, for a total value of $32,042.74. Following the completion of the sale, the vice president now directly owns 235,364 shares in the company, valued at $7,489,282.48. The disclosure for this sale can be found here. Insiders have sold a total of 141,338 shares of company stock worth $4,542,482 in the last quarter. Company insiders own 5.50% of the company’s stock.

About Federated Investors

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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Institutional Ownership by Quarter for Federated Investors (NYSE:FII)

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