Dimensional Fund Advisors LP increased its position in Federated Investors Inc. (NYSE:FII) by 10.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,745,415 shares of the company’s stock after buying an additional 168,572 shares during the period. Dimensional Fund Advisors LP owned approximately 1.75% of Federated Investors worth $50,231,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of FII. Americafirst Capital Management LLC bought a new stake in shares of Federated Investors during the second quarter worth approximately $101,000. Advisory Services Network LLC raised its stake in shares of Federated Investors by 787.5% in the second quarter. Advisory Services Network LLC now owns 3,550 shares of the company’s stock worth $102,000 after buying an additional 3,150 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Federated Investors by 77.5% in the second quarter. Victory Capital Management Inc. now owns 3,704 shares of the company’s stock worth $107,000 after buying an additional 1,617 shares in the last quarter. Glenmede Trust Co. NA bought a new stake in shares of Federated Investors during the second quarter worth approximately $130,000. Finally, JFS Wealth Advisors LLC bought a new stake in shares of Federated Investors during the second quarter worth approximately $147,000. 75.46% of the stock is currently owned by hedge funds and other institutional investors.
Federated Investors Inc. (NYSE:FII) opened at 28.31 on Friday. Federated Investors Inc. has a 1-year low of $22.76 and a 1-year high of $33.13. The company’s 50-day moving average is $31.30 and its 200 day moving average is $30.76. The company has a market cap of $2.82 billion, a price-to-earnings ratio of 15.55 and a beta of 1.51.
Federated Investors (NYSE:FII) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.03. The business earned $286.74 million during the quarter, compared to the consensus estimate of $284.39 million. Federated Investors had a return on equity of 28.98% and a net margin of 18.30%. Federated Investors’s revenue for the quarter was up 25.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.40 earnings per share. On average, equities analysts predict that Federated Investors Inc. will post $1.98 EPS for the current fiscal year.
A number of equities research analysts have commented on FII shares. Zacks Investment Research raised shares of Federated Investors from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a report on Wednesday, August 10th. Jefferies Group increased their price objective on shares of Federated Investors from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Monday, August 8th. Keefe, Bruyette & Woods increased their price objective on shares of Federated Investors from $33.00 to $35.00 and gave the stock a “market perform” rating in a report on Monday, August 1st. Finally, Credit Suisse Group AG set a $27.00 price objective on shares of Federated Investors and gave the stock a “sell” rating in a report on Sunday, July 31st. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $31.00.
About Federated Investors
Federated Investors, Inc (Federated) is a provider of investment management products and related financial services. The Company 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, in both domestic and international markets.
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