Federated Investors Inc (FII) Position Boosted by Cadence Capital Management LLC

Cadence Capital Management LLC increased its position in shares of Federated Investors Inc (NYSE:FII) by 25.1% during the first quarter, Holdings Channel reports. The fund owned 14,464 shares of the asset manager’s stock after buying an additional 2,905 shares during the period. Cadence Capital Management LLC’s holdings in Federated Investors were worth $381,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Fortis Advisors LLC bought a new position in Federated Investors during the fourth quarter worth $59,390,000. Norges Bank bought a new position in Federated Investors during the fourth quarter worth $29,812,000. Two Sigma Investments LP boosted its position in Federated Investors by 1,823.2% in the fourth quarter. Two Sigma Investments LP now owns 638,424 shares of the asset manager’s stock worth $18,055,000 after buying an additional 605,228 shares during the last quarter. Hamlin Capital Management LLC boosted its position in Federated Investors by 37.6% in the first quarter. Hamlin Capital Management LLC now owns 1,962,458 shares of the asset manager’s stock worth $51,691,000 after buying an additional 536,285 shares during the last quarter. Finally, Schroder Investment Management Group boosted its position in Federated Investors by 32.6% in the first quarter. Schroder Investment Management Group now owns 1,665,826 shares of the asset manager’s stock worth $43,811,000 after buying an additional 409,726 shares during the last quarter. 76.42% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Federated Investors (NYSE:FII)

Federated Investors Inc (NYSE:FII) traded up 1.55% on Friday, reaching $26.80. The company had a trading volume of 112,744 shares. The stock has a market capitalization of $2.62 billion, a P/E ratio of 12.88 and a beta of 1.54. Federated Investors Inc has a 1-year low of $24.52 and a 1-year high of $33.13. The stock’s 50 day moving average is $26.34 and its 200-day moving average is $26.88.

Federated Investors (NYSE:FII) last released its earnings results on Thursday, April 27th. The asset manager reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.02. Federated Investors had a return on equity of 31.67% and a net margin of 18.66%. The company had revenue of $273.50 million for the quarter, compared to analysts’ expectations of $290.19 million. During the same quarter in the previous year, the firm posted $0.44 EPS. The firm’s quarterly revenue was up .5% on a year-over-year basis. On average, equities analysts predict that Federated Investors Inc will post $2.00 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Monday, May 8th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.79%. The ex-dividend date was Thursday, May 4th. Federated Investors’s payout ratio is 49.26%.

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A number of research analysts have recently weighed in on FII shares. Jefferies Group LLC raised Federated Investors from an “underperform” rating to a “hold” rating and set a $11.00 price objective on the stock in a research report on Friday, March 24th. Zacks Investment Research cut Federated Investors from a “hold” rating to a “sell” rating in a research report on Tuesday, April 11th. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Federated Investors in a research report on Tuesday, April 4th. JPMorgan Chase & Co. raised Federated Investors from an “underweight” rating to a “neutral” rating and set a $24.00 price objective on the stock in a research report on Thursday, May 25th. Finally, Citigroup Inc cut Federated Investors from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $26.00 to $24.00 in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $23.83.

In other Federated Investors news, Director Gordon J. Ceresino sold 2,349 shares of the business’s stock in a transaction that occurred on Tuesday, March 21st. The stock was sold at an average price of $25.56, for a total transaction of $60,040.44. Following the transaction, the director now owns 185,736 shares in the company, valued at approximately $4,747,412.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 10.50% of the company’s stock.

About Federated Investors

Federated Investors, Inc (Federated) is a provider of investment management products and related financial services. Federated operates through investment management business segment. It 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “FII”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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