Gamco Investors INC. ET AL decreased its position in Federated Investors Inc (NYSE:FII) by 2.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,075 shares of the asset manager’s stock after selling 1,000 shares during the period. Gamco Investors INC. ET AL’s holdings in Federated Investors were worth $1,461,000 at the end of the most recent quarter.
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Several other large investors have also recently modified their holdings of the company. Synovus Financial Corp purchased a new stake in Federated Investors during the third quarter worth about $55,000. FMR LLC lifted its holdings in shares of Federated Investors by 40.5% in the first quarter. FMR LLC now owns 2,266 shares of the asset manager’s stock valued at $66,000 after purchasing an additional 653 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Federated Investors by 34.8% in the second quarter. Tower Research Capital LLC TRC now owns 2,563 shares of the asset manager’s stock valued at $83,000 after purchasing an additional 662 shares in the last quarter. Point72 Hong Kong Ltd lifted its holdings in shares of Federated Investors by 205.7% in the second quarter. Point72 Hong Kong Ltd now owns 2,974 shares of the asset manager’s stock valued at $97,000 after purchasing an additional 2,001 shares in the last quarter. Finally, ETF Managers Group LLC purchased a new stake in shares of Federated Investors in the second quarter valued at about $200,000. 84.24% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have issued reports on the stock. ValuEngine downgraded shares of Federated Investors from a “sell” rating to a “strong sell” rating in a report on Friday, October 25th. Zacks Investment Research downgraded shares of Federated Investors from a “buy” rating to a “hold” rating and set a $33.00 price target on the stock. in a report on Friday, October 11th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Federated Investors currently has an average rating of “Hold” and an average target price of $33.20.
Shares of FII stock traded down $0.35 on Friday, hitting $33.29. The stock had a trading volume of 288,174 shares, compared to its average volume of 534,582. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of 13.93, a P/E/G ratio of 1.59 and a beta of 0.75. Federated Investors Inc has a 52-week low of $24.04 and a 52-week high of $35.98. The stock’s 50 day moving average is $31.98 and its 200-day moving average is $32.21. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.59 and a current ratio of 2.17.
Federated Investors (NYSE:FII) last issued its earnings results on Thursday, October 24th. The asset manager reported $0.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.07. Federated Investors had a net margin of 19.73% and a return on equity of 27.84%. The company had revenue of $340.34 million for the quarter, compared to analysts’ expectations of $332.10 million. During the same period in the prior year, the company earned $0.59 earnings per share. The firm’s revenue was up 10.3% compared to the same quarter last year. Equities analysts expect that Federated Investors Inc will post 2.57 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were issued a $0.27 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.24%. Federated Investors’s dividend payout ratio (DPR) is presently 45.19%.
In other Federated Investors news, insider Richard A. Novak sold 11,800 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $33.59, for a total transaction of $396,362.00. Following the transaction, the insider now owns 43,680 shares of the company’s stock, valued at approximately $1,467,211.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Peter J. Germain sold 7,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $34.04, for a total transaction of $238,280.00. Following the transaction, the executive vice president now directly owns 112,425 shares in the company, valued at approximately $3,826,947. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,354 shares of company stock worth $948,945. Corporate insiders own 5.50% of the company’s stock.
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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