Mason Street Advisors LLC bought a new stake in Federated Investors Inc. (NYSE:FII) during the second quarter, Holdings Channel reports. The institutional investor bought 43,151 shares of the company’s stock, valued at approximately $1,242,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Americafirst Capital Management LLC purchased a new position in shares of Federated Investors during the second quarter valued at approximately $101,000. Advisory Services Network LLC increased its position 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 valued at $102,000 after buying an additional 3,150 shares during the last quarter. Victory Capital Management Inc. increased its position 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 valued at $107,000 after buying an additional 1,617 shares during the last quarter. Glenmede Trust Co. NA purchased a new position in shares of Federated Investors during the second quarter valued at approximately $130,000. Finally, JFS Wealth Advisors LLC purchased a new position in shares of Federated Investors during the second quarter valued at approximately $147,000. 75.46% of the stock is currently owned by institutional investors.
Shares of Federated Investors Inc. (NYSE:FII) opened at 31.59 on Friday. The company has a market cap of $3.15 billion, a PE ratio of 17.36 and a beta of 1.38. The stock’s 50 day moving average is $32.10 and its 200-day moving average is $30.65. Federated Investors Inc. has a one year low of $22.76 and a one year high of $33.13.
Federated Investors (NYSE:FII) last posted its earnings results on Thursday, July 28th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The firm 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%. The company’s quarterly revenue was up 25.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.40 EPS. Equities research analysts expect that Federated Investors Inc. will post $1.98 earnings per share for the current year.
Several research analysts recently commented on the stock. Credit Suisse Group AG set a $27.00 target price on shares of Federated Investors and gave the stock a “sell” rating in a research note on Sunday, July 31st. Jefferies Group reiterated a “buy” rating and issued a $35.00 price target on shares of Federated Investors in a report on Friday, July 29th. Zacks Investment Research cut shares of Federated Investors from a “hold” rating to a “sell” rating in a report on Tuesday, June 14th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Federated Investors from $33.00 to $35.00 and gave the company a “market perform” rating in a report on Monday, August 1st. 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. The stock has a consensus rating of “Hold” and a consensus target price of $31.00.
In other news, VP Paul A. Uhlman sold 1,083 shares of the stock in a transaction that occurred on Monday, June 27th. The stock was sold at an average price of $27.29, for a total transaction of $29,555.07. Following the completion of the transaction, the vice president now directly owns 120,676 shares in the company, valued at approximately $3,293,248.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 10.50% of the company’s stock.
Federated Investors Company Profile
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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