Janus Capital Management LLC Decreases Position in Federated Investors, Inc. (NYSE:FII)

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 filing with the SEC. The firm 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 SEC filing.

Other hedge funds have also modified their holdings of the company. Russell Investments Group Ltd. acquired a new stake in shares of Federated Investors during the fourth quarter valued at $783,000. Norges Bank acquired a new stake in shares of Federated Investors during the fourth quarter valued at $29,812,000. Bremer Trust National Association boosted its stake 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 in the last quarter. Eastern Bank raised 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 valued at $1,598,000 after buying an additional 811 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised 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 valued at $616,000 after buying an additional 400 shares during the last quarter. 84.91% of the stock is currently owned by institutional investors.

Shares of Federated Investors, Inc. (NYSE:FII) traded up 0.26% during trading on Friday, hitting $26.74. 533,968 shares of the stock traded hands. The firm has a market cap of $2.61 billion, a price-to-earnings ratio of 12.73 and a beta of 1.42. Federated Investors, Inc. has a 12 month low of $24.52 and a 12 month high of $33.13. The company has a 50 day moving average price of $28.39 and a 200 day moving average price of $27.02.

Federated Investors (NYSE:FII) last announced its earnings results on Thursday, July 27th. The asset manager reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.03. The firm had revenue of $272.80 million for the quarter, compared to analyst estimates of $278.51 million. Federated Investors had a net margin of 18.91% and a return on equity of 33.93%. The company’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.51 EPS. Analysts anticipate that Federated Investors, Inc. will post $2.05 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 8th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date was Friday, August 4th. Federated Investors’s payout ratio is 48.08%.

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FII has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Federated Investors from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Tuesday, April 25th. Keefe, Bruyette & Woods restated an “underperform” rating on shares of Federated Investors in a report on Monday, May 1st. J P Morgan Chase & Co upgraded shares of Federated Investors from an “underweight” rating to a “neutral” rating and set a $24.00 target price on the stock in a report on Thursday, May 25th. ValuEngine lowered shares of Federated Investors from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Citigroup Inc. lowered shares of Federated Investors from a “neutral” rating to a “sell” rating and dropped their target price for the company from $26.00 to $24.00 in a report on Monday, June 5th. Three analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The stock has an average rating of “Hold” and an average target price of $24.71.

In related news, VP John B. Fisher sold 5,041 shares of Federated Investors stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $27.97, for a total transaction of $140,996.77. Following the completion of the transaction, the vice president now directly owns 514,905 shares of the company’s stock, valued at approximately $14,401,892.85. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Richard A. Novak sold 2,700 shares of Federated Investors stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of $27.70, for a total transaction of $74,790.00. Following the transaction, the insider now directly owns 44,741 shares of the company’s stock, valued at $1,239,325.70. The disclosure for this sale can be found here. Insiders have sold a total of 8,875 shares of company stock worth $246,998 in the last ninety days. 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.

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

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