Jane Street Group LLC bought a new position in shares of Federated Investors, Inc. (NYSE:FII) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 8,648 shares of the asset manager’s stock, valued at approximately $257,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of FII. Bessemer Group Inc. acquired a new position in shares of Federated Investors in the third quarter valued at $126,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Federated Investors by 8.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,484 shares of the asset manager’s stock valued at $127,000 after purchasing an additional 358 shares during the last quarter. Advisory Services Network LLC grew its stake in shares of Federated Investors by 9.4% in the second quarter. Advisory Services Network LLC now owns 5,968 shares of the asset manager’s stock valued at $169,000 after acquiring an additional 511 shares in the last quarter. Cornerstone Capital Management Holdings LLC. acquired a new position in shares of Federated Investors in the second quarter valued at about $176,000. Finally, Advisor Group Inc. grew its stake in shares of Federated Investors by 9.9% in the second quarter. Advisor Group Inc. now owns 6,300 shares of the asset manager’s stock valued at $177,000 after acquiring an additional 565 shares in the last quarter. Institutional investors and hedge funds own 85.22% of the company’s stock.
Several equities analysts recently commented on FII shares. Deutsche Bank started coverage on shares of Federated Investors in a research note on Tuesday, October 17th. They issued a “hold” rating and a $31.00 price target on the stock. Zacks Investment Research raised shares of Federated Investors from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research report on Monday, October 2nd. Argus cut shares of Federated Investors from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Keefe, Bruyette & Woods reaffirmed a “sell” rating and set a $31.00 price objective on shares of Federated Investors in a research report on Wednesday, November 1st. Finally, Citigroup upped their price objective on shares of Federated Investors from $22.00 to $24.00 and gave the stock a “sell” rating in a research report on Tuesday, October 31st. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $29.00.
Federated Investors (NYSE:FII) last posted its quarterly earnings data on Thursday, October 26th. The asset manager reported $0.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.03. Federated Investors had a net margin of 19.32% and a return on equity of 34.54%. The business had revenue of $278.32 million during the quarter, compared to analysts’ expectations of $278.51 million. During the same quarter in the prior year, the business posted $0.54 earnings per share. Federated Investors’s revenue was down 5.5% compared to the same quarter last year. analysts expect that Federated Investors, Inc. will post 2.15 EPS for the current fiscal year.
In other news, CFO Thomas R. Donahue sold 30,000 shares of the stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $34.79, for a total value of $1,043,700.00. Following the completion of the transaction, the chief financial officer now owns 634,044 shares of the company’s stock, valued at $22,058,390.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP John B. Fisher sold 6,460 shares of the stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $31.49, for a total transaction of $203,425.40. Following the completion of the transaction, the vice president now directly owns 508,445 shares of the company’s stock, valued at approximately $16,010,933.05. The disclosure for this sale can be found here. Insiders have sold 37,776 shares of company stock valued at $1,288,527 in the last ninety days. 7.10% of the stock is currently owned by company insiders.
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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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