BlackRock Inc. lowered its stake in Federated Investors Inc (NYSE:FII) by 8.4% during the first quarter, HoldingsChannel reports. The firm owned 9,784,497 shares of the asset manager’s stock after selling 896,461 shares during the period. BlackRock Inc. owned 0.10% of Federated Investors worth $326,802,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. First Allied Advisory Services Inc. purchased a new position in Federated Investors in the 4th quarter worth about $213,000. Raymond James Financial Services Advisors Inc. purchased a new position in Federated Investors in the 4th quarter worth about $215,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Federated Investors by 34.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,025 shares of the asset manager’s stock worth $217,000 after purchasing an additional 1,541 shares in the last quarter. BB&T Securities LLC purchased a new position in Federated Investors in the 4th quarter worth about $232,000. Finally, Public Employees Retirement Association of Colorado increased its stake in Federated Investors by 155.7% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 7,634 shares of the asset manager’s stock worth $275,000 after purchasing an additional 4,648 shares in the last quarter. 84.78% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently weighed in on FII shares. Zacks Investment Research cut Federated Investors from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. TheStreet cut Federated Investors from a “b-” rating to a “c+” rating in a research note on Tuesday, May 22nd. Deutsche Bank lowered their target price on Federated Investors from $34.00 to $32.00 and set a “hold” rating on the stock in a research note on Tuesday, March 6th. Keefe, Bruyette & Woods raised Federated Investors from an “underperform” rating to a “market perform” rating in a research note on Monday, May 28th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $32.00 target price on shares of Federated Investors in a research note on Wednesday, April 11th. Four analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $31.19.
Federated Investors opened at $24.82 on Monday, MarketBeat reports. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.91 and a current ratio of 4.43. Federated Investors Inc has a fifty-two week low of $23.73 and a fifty-two week high of $36.76. The stock has a market cap of $2.52 billion, a price-to-earnings ratio of 11.39, a price-to-earnings-growth ratio of 1.85 and a beta of 1.28.
Federated Investors (NYSE:FII) last released its earnings results on Thursday, April 26th. The asset manager reported $0.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.05). Federated Investors had a net margin of 27.63% and a return on equity of 32.55%. The business had revenue of $263.85 million for the quarter, compared to analysts’ expectations of $277.61 million. During the same period last year, the firm earned $0.49 EPS. The company’s revenue was down 3.5% compared to the same quarter last year. equities analysts forecast that Federated Investors Inc will post 2.4 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 15th. Shareholders of record on Tuesday, May 8th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 4.35%. The ex-dividend date of this dividend was Monday, May 7th. This is a boost from Federated Investors’s previous quarterly dividend of $0.25. Federated Investors’s payout ratio is 49.54%.
Federated Investors Profile
Federated Investors, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, including high net worth individuals, banking or thrift institutions, investment companies, pension and profit sharing plans, pooled investment vehicles, charitable organizations, state or municipal government entities, and registered investment advisors.
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