Parametric Portfolio Associates LLC Has $6.02 Million Stake in Federated Investors, Inc. (FII)

Parametric Portfolio Associates LLC increased its stake in shares of Federated Investors, Inc. (NYSE:FII) by 15.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 212,987 shares of the asset manager’s stock after purchasing an additional 28,254 shares during the quarter. Parametric Portfolio Associates LLC owned 0.21% of Federated Investors worth $6,017,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FII. BlackRock Inc. increased its position in shares of Federated Investors by 15,254.4% during the 1st quarter. BlackRock Inc. now owns 9,951,364 shares of the asset manager’s stock valued at $262,118,000 after purchasing an additional 9,886,553 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Federated Investors by 46.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,248,244 shares of the asset manager’s stock valued at $63,513,000 after purchasing an additional 713,994 shares during the last quarter. Anchor Capital Advisors LLC increased its position in shares of Federated Investors by 3,223.0% during the 2nd quarter. Anchor Capital Advisors LLC now owns 688,527 shares of the asset manager’s stock valued at $19,451,000 after purchasing an additional 667,807 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Federated Investors by 185.4% during the 2nd quarter. Wells Fargo & Company MN now owns 550,358 shares of the asset manager’s stock valued at $15,548,000 after purchasing an additional 357,500 shares during the last quarter. Finally, FMR LLC increased its position in shares of Federated Investors by 3.5% during the 2nd quarter. FMR LLC now owns 9,096,091 shares of the asset manager’s stock valued at $256,965,000 after purchasing an additional 304,322 shares during the last quarter. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently weighed in on the company. Zacks Investment Research raised Federated Investors from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Tuesday, July 4th. Royal Bank Of Canada assumed coverage on Federated Investors in a research report on Thursday, June 29th. They set a “sector perform” rating and a $27.00 target price on the stock. BidaskClub downgraded Federated Investors from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Credit Suisse Group cut their target price on Federated Investors from $29.00 to $27.00 and set a “neutral” rating on the stock in a research report on Friday, August 11th. Finally, Deutsche Bank AG assumed coverage on Federated Investors in a research report on Tuesday. They set a “hold” rating and a $31.00 target price on the stock. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. Federated Investors has an average rating of “Hold” and a consensus price target of $28.13.

In other news, VP John B. Fisher sold 5,041 shares of Federated Investors stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $27.97, for a total value of $140,996.77. Following the completion of the sale, the vice president now directly owns 514,905 shares of the company’s stock, valued at $14,401,892.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 7.10% of the company’s stock.

Federated Investors, Inc. (FII) opened at 31.57 on Friday. Federated Investors, Inc. has a 12 month low of $24.52 and a 12 month high of $31.81. The company has a market cap of $3.08 billion, a P/E ratio of 15.03 and a beta of 1.45. The firm has a 50-day moving average price of $29.31 and a 200 day moving average price of $27.77.

Federated Investors (NYSE:FII) last posted its earnings results on Thursday, July 27th. The asset manager reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.03. Federated Investors had a return on equity of 33.93% and a net margin of 18.91%. The company had revenue of $272.80 million for the quarter, compared to the consensus estimate of $278.51 million. During the same quarter in the previous year, the business earned $0.51 earnings per share. The company’s revenue for the quarter

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FII. BlackRock Inc. increased its position in shares of Federated Investors by 15,254.4% during the 1st quarter. BlackRock Inc. now owns 9,951,364 shares of the asset manager’s stock valued at $262,118,000 after purchasing an additional 9,886,553 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Federated Investors by 46.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,248,244 shares of the asset manager’s stock valued at $63,513,000 after purchasing an additional 713,994 shares during the last quarter. Anchor Capital Advisors LLC increased its position in shares of Federated Investors by 3,223.0% during the 2nd quarter. Anchor Capital Advisors LLC now owns 688,527 shares of the asset manager’s stock valued at $19,451,000 after purchasing an additional 667,807 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Federated Investors by 185.4% during the 2nd quarter. Wells Fargo & Company MN now owns 550,358 shares of the asset manager’s stock valued at $15,548,000 after purchasing an additional 357,500 shares during the last quarter. Finally, FMR LLC increased its position in shares of Federated Investors by 3.5% during the 2nd quarter. FMR LLC now owns 9,096,091 shares of the asset manager’s stock valued at $256,965,000 after purchasing an additional 304,322 shares during the last quarter. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently weighed in on the company. Zacks Investment Research raised Federated Investors from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Tuesday, July 4th. Royal Bank Of Canada assumed coverage on Federated Investors in a research report on Thursday, June 29th. They set a “sector perform” rating and a $27.00 target price on the stock. BidaskClub downgraded Federated Investors from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Credit Suisse Group cut their target price on Federated Investors from $29.00 to $27.00 and set a “neutral” rating on the stock in a research report on Friday, August 11th. Finally, Deutsche Bank AG assumed coverage on Federated Investors in a research report on Tuesday. They set a “hold” rating and a $31.00 target price on the stock. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. Federated Investors has an average rating of “Hold” and a consensus price target of $28.13.

In other news, VP John B. Fisher sold 5,041 shares of Federated Investors stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $27.97, for a total value of $140,996.77. Following the completion of the sale, the vice president now directly owns 514,905 shares of the company’s stock, valued at $14,401,892.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 7.10% of the company’s stock.

Federated Investors, Inc. (FII) opened at 31.57 on Friday. Federated Investors, Inc. has a 12 month low of $24.52 and a 12 month high of $31.81. The company has a market cap of $3.08 billion, a P/E ratio of 15.03 and a beta of 1.45. The firm has a 50-day moving average price of $29.31 and a 200 day moving average price of $27.77.

Federated Investors (NYSE:FII) last posted its earnings results on Thursday, July 27th. The asset manager reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.03. Federated Investors had a return on equity of 33.93% and a net margin of 18.91%. The company had revenue of $272.80 million for the quarter, compared to the consensus estimate of $278.51 million. During the same quarter in the previous year, the business earned $0.51 earnings per share. The company’s revenue for the quarter was down 4.8% on a year-over-year basis. Equities research analysts predict that Federated Investors, Inc. will post $2.07 EPS for the current year.

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Federated Investors Company Profile

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.

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

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