Trexquant Investment LP lessened its stake in shares of Federated Investors Inc (NYSE:FII) by 63.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,309 shares of the asset manager’s stock after selling 24,654 shares during the quarter. Trexquant Investment LP’s holdings in Federated Investors were worth $345,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. BNP Paribas Arbitrage SA grew its holdings in shares of Federated Investors by 33.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 55,992 shares of the asset manager’s stock worth $1,306,000 after purchasing an additional 14,164 shares during the last quarter. Eqis Capital Management Inc. grew its holdings in shares of Federated Investors by 16.2% in the 2nd quarter. Eqis Capital Management Inc. now owns 15,710 shares of the asset manager’s stock worth $366,000 after purchasing an additional 2,190 shares during the last quarter. Aperio Group LLC grew its holdings in shares of Federated Investors by 71.2% in the 2nd quarter. Aperio Group LLC now owns 110,699 shares of the asset manager’s stock worth $2,581,000 after purchasing an additional 46,033 shares during the last quarter. Wedge Capital Management L L P NC grew its holdings in shares of Federated Investors by 30.6% in the 2nd quarter. Wedge Capital Management L L P NC now owns 18,475 shares of the asset manager’s stock worth $431,000 after purchasing an additional 4,327 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of Federated Investors by 9.3% in the 2nd quarter. Wells Fargo & Company MN now owns 590,694 shares of the asset manager’s stock worth $13,774,000 after purchasing an additional 50,261 shares during the last quarter. 83.90% of the stock is currently owned by institutional investors and hedge funds.
In other Federated Investors news, VP John B. Fisher sold 10,099 shares of the stock in a transaction dated Friday, November 2nd. The shares were sold at an average price of $24.89, for a total transaction of $251,364.11. Following the sale, the vice president now owns 541,485 shares of the company’s stock, valued at approximately $13,477,561.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Peter J. Germain sold 1,415 shares of the stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $25.06, for a total transaction of $35,459.90. Following the sale, the executive vice president now directly owns 92,764 shares in the company, valued at approximately $2,324,665.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,712 shares of company stock worth $291,790. Insiders own 5.30% of the company’s stock.
Federated Investors (NYSE:FII) last issued its quarterly earnings data on Thursday, October 25th. The asset manager reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.05. Federated Investors had a net margin of 26.25% and a return on equity of 30.19%. The firm had revenue of $308.62 million for the quarter, compared to analyst estimates of $283.04 million. Analysts expect that Federated Investors Inc will post 2.39 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Thursday, November 8th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date of this dividend was Wednesday, November 7th. Federated Investors’s dividend payout ratio is currently 49.54%.
Several research firms have recently weighed in on FII. TheStreet raised shares of Federated Investors from a “c+” rating to a “b” rating in a report on Wednesday, November 21st. Zacks Investment Research lowered shares of Federated Investors from a “strong-buy” rating to a “hold” rating in a report on Monday, November 19th. Deutsche Bank lowered their target price on shares of Federated Investors from $24.00 to $22.00 and set a “hold” rating on the stock in a report on Friday, November 16th. Royal Bank of Canada set a $26.00 target price on shares of Federated Investors and gave the stock a “hold” rating in a report on Monday, October 29th. Finally, ValuEngine raised shares of Federated Investors from a “strong sell” rating to a “sell” rating in a report on Saturday, October 27th. Two investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $26.79.
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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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