Janus Capital Management LLC cut its stake in Federated Investors, Inc. (NYSE:FII) by 85.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,300 shares of the asset manager’s stock after selling 62,100 shares during the period. Janus Capital Management LLC’s holdings in Federated Investors were worth $271,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. purchased a new position in shares of Federated Investors during the fourth quarter valued at $783,000. Norges Bank purchased a new position in shares of Federated Investors during the fourth quarter valued at $29,812,000. Bremer Trust National Association increased its position in shares of Federated Investors by 29.1% in the first quarter. Bremer Trust National Association now owns 11,017 shares of the asset manager’s stock valued at $290,000 after buying an additional 2,485 shares during the last quarter. Eastern Bank increased its position in Federated Investors by 1.4% in the first quarter. Eastern Bank now owns 60,680 shares of the asset manager’s stock worth $1,598,000 after buying an additional 811 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its position in Federated Investors by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 23,400 shares of the asset manager’s stock worth $616,000 after buying an additional 400 shares in the last quarter. Institutional investors and hedge funds own 85.54% of the company’s stock.
Shares of Federated Investors, Inc. (NYSE FII) opened at 27.12 on Friday. Federated Investors, Inc. has a 52-week low of $24.52 and a 52-week high of $33.13. The company’s 50 day moving average price is $28.49 and its 200 day moving average price is $27.02. The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of 12.91 and a beta of 1.42.
Federated Investors (NYSE:FII) last issued its earnings results on Thursday, July 27th. The asset manager reported $0.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.03. The firm had revenue of $272.80 million for the quarter, compared to the consensus estimate of $278.51 million. Federated Investors had a return on equity of 33.93% and a net margin of 18.91%. The company’s revenue was down 4.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.51 EPS. Analysts forecast that Federated Investors, Inc. will post $2.05 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 8th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date is Friday, August 4th. Federated Investors’s dividend payout ratio is presently 48.08%.
A number of research firms have recently commented on FII. Keefe, Bruyette & Woods reaffirmed a “sell” rating and set a $27.00 price objective on shares of Federated Investors in a research note on Thursday, August 3rd. Credit Suisse Group dropped their target price on shares of Federated Investors from $29.00 to $27.00 and set a “neutral” rating for the company in a research report on Friday. BidaskClub downgraded shares of Federated Investors from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Royal Bank Of Canada set a $28.00 target price on shares of Federated Investors and gave the stock a “hold” rating in a research report on Friday, July 28th. Finally, Zacks Investment Research cut Federated Investors from a “buy” rating to a “hold” rating in a report on Monday, June 12th. Three investment analysts have rated the stock with a sell rating and six have given a hold rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $24.71.
In related news, VP John B. Fisher sold 5,041 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $27.97, for a total transaction of $140,996.77. Following the sale, the vice president now owns 514,905 shares of the company’s stock, valued at approximately $14,401,892.85. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Richard A. Novak sold 2,700 shares of the firm’s stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $27.70, for a total value of $74,790.00. Following the sale, the insider now directly owns 44,741 shares in the company, valued at approximately $1,239,325.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,875 shares of company stock worth $246,998. Company insiders own 7.10% of the company’s stock.
Federated Investors Company Profile
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.
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