Teacher Retirement System of Texas raised its stake in shares of Federated Investors Inc. (NYSE:FII) by 13.8% during the second quarter, Holdings Channel reports. The institutional investor owned 13,117 shares of the company’s stock after buying an additional 1,586 shares during the period. Teacher Retirement System of Texas’ holdings in Federated Investors were worth $378,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Aperio Group LLC raised its stake in Federated Investors by 16.9% in the first quarter. Aperio Group LLC now owns 37,371 shares of the company’s stock valued at $1,078,000 after buying an additional 5,412 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in Federated Investors by 21.6% in the first quarter. TIAA CREF Investment Management LLC now owns 382,099 shares of the company’s stock valued at $11,024,000 after buying an additional 67,948 shares in the last quarter. Teachers Advisors Inc. raised its stake in Federated Investors by 85.2% in the first quarter. Teachers Advisors Inc. now owns 135,362 shares of the company’s stock valued at $3,905,000 after buying an additional 62,258 shares in the last quarter. Prudential Financial Inc. raised its stake in Federated Investors by 43.6% in the first quarter. Prudential Financial Inc. now owns 346,162 shares of the company’s stock valued at $9,987,000 after buying an additional 105,100 shares in the last quarter. Finally, BlackRock Inc. raised its stake in Federated Investors by 19.0% in the first quarter. BlackRock Inc. now owns 58,239 shares of the company’s stock valued at $1,680,000 after buying an additional 9,288 shares in the last quarter. Institutional investors and hedge funds own 75.46% of the company’s stock.
Federated Investors Inc. (NYSE:FII) opened at 28.31 on Tuesday. Federated Investors Inc. has a 1-year low of $22.76 and a 1-year high of $33.13. The stock has a market cap of $2.82 billion, a P/E ratio of 15.55 and a beta of 1.51. The firm’s 50-day moving average is $31.19 and its 200-day moving average is $30.80.
Federated Investors (NYSE:FII) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. Federated Investors had a net margin of 18.30% and a return on equity of 28.98%. The company had revenue of $286.74 million for the quarter, compared to the consensus estimate of $284.39 million. During the same period in the previous year, the firm earned $0.40 EPS. Federated Investors’s revenue was up 25.7% on a year-over-year basis. On average, analysts forecast that Federated Investors Inc. will post $1.98 EPS for the current year.
FII has been the topic of several research reports. Zacks Investment Research lowered shares of Federated Investors from a “hold” rating to a “sell” rating in a research report on Tuesday, June 14th. Jefferies Group restated a “buy” rating and set a $35.00 target price (down previously from $36.00) on shares of Federated Investors in a research report on Monday, July 11th. Keefe, Bruyette & Woods raised their target price on shares of Federated Investors from $33.00 to $35.00 and gave the stock a “market perform” rating in a research report on Monday, August 1st. Finally, 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 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 given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price 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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