Vanguard Group Inc. boosted its stake in shares of Federated Investors Inc. (NYSE:FII) by 2.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,059,093 shares of the company’s stock after buying an additional 138,284 shares during the period. Vanguard Group Inc. owned 7.09% of Federated Investors worth $203,161,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC increased its position in shares of Federated Investors by 0.3% in the first quarter. Geode Capital Management LLC now owns 590,719 shares of the company’s stock valued at $17,041,000 after buying an additional 1,822 shares in the last quarter. UBS Group AG increased its position in shares of Federated Investors by 2.0% in the first quarter. UBS Group AG now owns 110,994 shares of the company’s stock worth $3,202,000 after buying an additional 2,139 shares in the last quarter. Rafferty Asset Management LLC increased its position in shares of Federated Investors by 49.0% in the first quarter. Rafferty Asset Management LLC now owns 12,376 shares of the company’s stock worth $357,000 after buying an additional 4,071 shares in the last quarter. State Street Corp increased its position in shares of Federated Investors by 0.4% in the first quarter. State Street Corp now owns 2,675,072 shares of the company’s stock worth $77,183,000 after buying an additional 10,580 shares in the last quarter. Finally, Credit Agricole S A increased its position in shares of Federated Investors by 4.1% in the first quarter. Credit Agricole S A now owns 35,395 shares of the company’s stock worth $1,021,000 after buying an additional 1,401 shares in the last quarter. 75.42% of the stock is owned by hedge funds and other institutional investors.
Federated Investors Inc. (NYSE:FII) opened at 27.62 on Monday. The stock has a 50 day moving average of $30.72 and a 200 day moving average of $30.73. Federated Investors Inc. has a 12-month low of $22.76 and a 12-month high of $33.13. The firm has a market cap of $2.75 billion, a PE ratio of 15.18 and a beta of 1.51.
Federated Investors (NYSE:FII) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The business earned $286.74 million during the quarter, compared to analyst estimates of $284.39 million. Federated Investors had a net margin of 18.30% and a return on equity of 28.98%. The firm’s quarterly revenue was up 25.7% on a year-over-year basis. During the same quarter last year, the business earned $0.40 EPS. On average, equities research analysts anticipate that Federated Investors Inc. will post $1.98 EPS for the current fiscal year.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Federated Investors from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research note on Wednesday, August 10th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $30.00 price target on shares of Federated Investors in a research note on Friday. Jefferies Group reissued a “buy” rating and set a $35.00 price target on shares of Federated Investors in a research note on Friday, July 29th. Finally, Credit Suisse Group AG set a $27.00 price objective on shares of Federated Investors and gave the company a “sell” rating in a report on Sunday, July 31st. Four analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. Federated Investors currently has an average rating of “Hold” and an average price target of $30.13.
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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