Federated Investors, Inc. (FII) Shares Sold by Royce & Associates LP

Royce & Associates LP lowered its stake in shares of Federated Investors, Inc. (NYSE:FII) by 20.0% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 2,514,146 shares of the asset manager’s stock after selling 629,397 shares during the period. Royce & Associates LP owned approximately 2.49% of Federated Investors worth $74,670,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in FII. Great West Life Assurance Co. Can raised its position in shares of Federated Investors by 31.0% during the third quarter. Great West Life Assurance Co. Can now owns 4,664,052 shares of the asset manager’s stock valued at $139,191,000 after buying an additional 1,104,213 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Federated Investors by 46.5% during the second 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 buying an additional 713,994 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Federated Investors by 52.1% during the third quarter. Victory Capital Management Inc. now owns 1,332,298 shares of the asset manager’s stock valued at $39,570,000 after buying an additional 456,280 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Federated Investors by 21.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,603,455 shares of the asset manager’s stock valued at $73,546,000 after buying an additional 451,268 shares during the last quarter. Finally, First Trust Advisors LP raised its position in shares of Federated Investors by 218.1% during the third quarter. First Trust Advisors LP now owns 580,042 shares of the asset manager’s stock valued at $17,227,000 after buying an additional 397,706 shares during the last quarter. 85.61% of the stock is owned by institutional investors and hedge funds.

Federated Investors, Inc. (NYSE:FII) traded up $0.03 during midday trading on Wednesday, reaching $34.07. 812,800 shares of the company were exchanged, compared to its average volume of 716,556. The company has a market capitalization of $3,434.77, a PE ratio of 16.21, a P/E/G ratio of 3.12 and a beta of 1.57. Federated Investors, Inc. has a twelve month low of $24.93 and a twelve month high of $34.33. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.89 and a current ratio of 3.33.

Federated Investors (NYSE:FII) last issued its quarterly earnings data on Thursday, October 26th. The asset manager reported $0.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.03. The firm had revenue of $278.32 million for the quarter, compared to analysts’ expectations of $278.51 million. Federated Investors had a net margin of 19.32% and a return on equity of 34.54%. The company’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.54 earnings per share. equities analysts predict that Federated Investors, Inc. will post 2.15 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 8th were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, November 7th. This represents a $1.00 annualized dividend and a yield of 2.94%. Federated Investors’s dividend payout ratio is 47.62%.

A number of research firms recently weighed in on FII. BidaskClub cut shares of Federated Investors from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. ValuEngine cut shares of Federated Investors from a “buy” rating to a “hold” rating in a research note on Sunday, November 12th. Jefferies Group reissued a “hold” rating and issued a $30.00 target price (up previously from $29.00) on shares of Federated Investors in a research note on Tuesday, October 10th. Credit Suisse Group lowered their target price on shares of Federated Investors from $29.00 to $27.00 and set a “neutral” rating on the stock in a research note on Friday, August 11th. Finally, Zacks Investment Research cut shares of Federated Investors from a “buy” rating to a “hold” rating in a research note on Monday, September 18th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $28.75.

In other Federated Investors news, VP John B. Fisher sold 6,460 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $31.49, for a total transaction of $203,425.40. Following the sale, the vice president now directly owns 508,445 shares of the company’s stock, valued at $16,010,933.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 7,776 shares of company stock worth $244,827 over the last ninety days. Insiders own 7.10% of the company’s stock.

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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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