Federated Investors Inc (FII) Holdings Decreased by California State Teachers Retirement System

California State Teachers Retirement System decreased its stake in shares of Federated Investors Inc (NYSE:FII) by 9.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 157,392 shares of the asset manager’s stock after selling 17,328 shares during the quarter. California State Teachers Retirement System owned about 0.16% of Federated Investors worth $4,675,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. 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 worth $256,965,000 after purchasing an additional 304,322 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of Federated Investors by 31.0% during the 3rd quarter. Great West Life Assurance Co. Can now owns 4,664,052 shares of the asset manager’s stock worth $139,191,000 after acquiring an additional 1,104,213 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Federated Investors by 9.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,841,818 shares of the asset manager’s stock worth $84,403,000 after acquiring an additional 238,363 shares during the period. State Street Corp boosted its stake in shares of Federated Investors by 2.1% during the 2nd quarter. State Street Corp now owns 2,723,154 shares of the asset manager’s stock worth $76,930,000 after acquiring an additional 56,121 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Federated Investors by 6.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,393,060 shares of the asset manager’s stock worth $71,073,000 after acquiring an additional 144,816 shares during the period. 85.22% of the stock is currently owned by hedge funds and other institutional investors.

FII has been the subject of several research analyst reports. Zacks Investment Research upgraded Federated Investors from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Tuesday, September 12th. ValuEngine upgraded Federated Investors from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th. Argus downgraded Federated Investors from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. Royal Bank of Canada set a $29.00 target price on Federated Investors and gave the stock a “hold” rating in a research note on Friday, October 27th. Finally, Deutsche Bank initiated coverage on Federated Investors in a research note on Tuesday, October 17th. They set a “hold” rating and a $31.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $29.00.

In related news, CFO Thomas R. Donahue sold 30,000 shares of the business’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $34.79, for a total value of $1,043,700.00. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John B. Fisher sold 6,460 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $31.49, for a total value of $203,425.40. Following the completion of the sale, the vice president now owns 508,445 shares of the company’s stock, valued at $16,010,933.05. The disclosure for this sale can be found here. Insiders sold a total of 47,430 shares of company stock valued at $1,636,457 over the last 90 days. 7.10% of the stock is currently owned by corporate insiders.

Shares of Federated Investors Inc (NYSE FII) opened at $35.36 on Thursday. The stock has a market capitalization of $3,590.17, a price-to-earnings ratio of 16.84, a P/E/G ratio of 3.21 and a beta of 1.56. Federated Investors Inc has a one year low of $24.93 and a one year high of $36.67. The company has a quick ratio of 1.89, a current ratio of 3.33 and a debt-to-equity ratio of 0.27.

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