Capital One National Association acquired a new position in Federated Investors Inc (NYSE:FII) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 80,265 shares of the asset manager’s stock, valued at approximately $2,895,000. Capital One National Association owned 0.08% of Federated Investors as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Swiss National Bank raised its position in shares of Federated Investors by 2.1% during the 4th quarter. Swiss National Bank now owns 154,717 shares of the asset manager’s stock valued at $5,582,000 after purchasing an additional 3,200 shares during the period. Biondo Investment Advisors LLC grew its stake in Federated Investors by 2.0% during the fourth quarter. Biondo Investment Advisors LLC now owns 108,977 shares of the asset manager’s stock valued at $3,932,000 after acquiring an additional 2,105 shares in the last quarter. California Public Employees Retirement System grew its stake in Federated Investors by 2.5% during the fourth quarter. California Public Employees Retirement System now owns 240,185 shares of the asset manager’s stock valued at $8,666,000 after acquiring an additional 5,751 shares in the last quarter. Teacher Retirement System of Texas grew its stake in shares of Federated Investors by 314.6% in the 4th quarter. Teacher Retirement System of Texas now owns 31,305 shares of the asset manager’s stock worth $1,129,000 after buying an additional 23,755 shares in the last quarter. Finally, Cadence Capital Management LLC grew its stake in shares of Federated Investors by 312.0% in the 4th quarter. Cadence Capital Management LLC now owns 53,589 shares of the asset manager’s stock worth $1,933,000 after buying an additional 40,583 shares in the last quarter. Institutional investors and hedge funds own 84.65% of the company’s stock.
Shares of Federated Investors Inc (NYSE:FII) traded down $0.23 during trading on Tuesday, hitting $33.46. 135,576 shares of the stock were exchanged, compared to its average volume of 1,208,004. The stock has a market cap of $3,400.00, a P/E ratio of 11.74, a P/E/G ratio of 1.31 and a beta of 1.36. Federated Investors Inc has a 52-week low of $24.93 and a 52-week high of $36.76. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.89 and a current ratio of 3.39.
Federated Investors (NYSE:FII) last released its earnings results on Thursday, January 25th. The asset manager reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.03. The company had revenue of $278.31 million for the quarter, compared to the consensus estimate of $283.45 million. Federated Investors had a net margin of 26.42% and a return on equity of 33.23%. Federated Investors’s revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.52 EPS. equities research analysts expect that Federated Investors Inc will post 2.78 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Thursday, February 8th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend was Wednesday, February 7th. Federated Investors’s dividend payout ratio (DPR) is currently 34.84%.
FII has been the subject of a number of recent research reports. Royal Bank of Canada set a $31.00 price objective on shares of Federated Investors and gave the stock a “hold” rating in a research note on Friday, December 15th. Argus cut shares of Federated Investors from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. ValuEngine cut shares of Federated Investors from a “buy” rating to a “hold” rating in a research note on Sunday, November 12th. Zacks Investment Research raised shares of Federated Investors from a “hold” rating to a “strong-buy” rating and set a $41.00 price target for the company in a research note on Thursday, January 4th. Finally, JPMorgan Chase & Co. lowered shares of Federated Investors from a “neutral” rating to an “underweight” rating and set a $31.00 price objective for the company. in a report on Monday, January 8th. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $31.50.
In related news, CFO Thomas R. Donahue sold 30,000 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $34.79, for a total value of $1,043,700.00. Following the completion of the transaction, the chief financial officer now directly owns 634,044 shares in the company, valued at approximately $22,058,390.76. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Peter J. Germain sold 9,654 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $36.04, for a total transaction of $347,930.16. Following the completion of the transaction, the executive vice president now owns 68,987 shares of the company’s stock, valued at $2,486,291.48. The disclosure for this sale can be found here. 7.10% of the stock is owned by corporate insiders.
Federated Investors 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.
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