Today, Quantitative Investment Management LLC invests in Federated Investors Inc. (FII) Shares

Today, Quantitative Investment Management LLC invests in Federated Investors Inc. (FII) Shares

Quantitative Investment Management LLC raised its stake in shares of Federated Investors Inc. (NYSE:FII) by 21.8% during the third quarter, Holdings Channel reports. The institutional investor owned 28,500 shares of the company’s stock after buying an additional 5,100 shares during the period. Quantitative Investment Management LLC’s holdings in Federated Investors were worth $844,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Calvert Investment Management Inc. boosted its stake in shares of Federated Investors by 1.3% in the second quarter. Calvert Investment Management Inc. now owns 7,156 shares of the company’s stock valued at $206,000 after buying an additional 95 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Federated Investors by 0.7% in the second quarter. Public Employees Retirement System of Ohio now owns 26,044 shares of the company’s stock valued at $750,000 after buying an additional 185 shares in the last quarter. Capstone Asset Management Co. boosted its stake in shares of Federated Investors by 2.6% in the second quarter. Capstone Asset Management Co. now owns 7,615 shares of the company’s stock valued at $219,000 after buying an additional 190 shares in the last quarter. Utah Retirement Systems boosted its stake in shares of Federated Investors by 1.2% in the second quarter. Utah Retirement Systems now owns 16,946 shares of the company’s stock valued at $487,000 after buying an additional 200 shares in the last quarter. Finally, Park National Corp OH boosted its stake in shares of Federated Investors by 2.2% in the second quarter. Park National Corp OH now owns 10,052 shares of the company’s stock valued at $289,000 after buying an additional 215 shares in the last quarter. 77.48% of the stock is owned by institutional investors.

Shares of Federated Investors Inc. (NYSE:FII) opened at 27.73 on Friday. The stock has a market cap of $2.74 billion, a PE ratio of 14.37 and a beta of 1.63. The stock has a 50 day moving average of $27.25 and a 200 day moving average of $30.10. Federated Investors Inc. has a 1-year low of $22.76 and a 1-year high of $33.13.

Federated Investors (NYSE:FII) last announced its quarterly earnings data on Thursday, October 27th. The company reported $0.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.02. Federated Investors had a net margin of 18.28% and a return on equity of 30.13%. The firm earned $294.60 million during the quarter, compared to analysts’ expectations of $264.41 million. During the same quarter last year, the business earned $0.42 earnings per share. The business’s revenue for the quarter was up 25.7% compared to the same quarter last year. Equities research analysts forecast that Federated Investors Inc. will post $2.00 EPS for the current year.

The business also recently disclosed a special dividend, which was paid on Tuesday, November 15th. Investors of record on Tuesday, November 8th were paid a $1.00 dividend. This represents a dividend yield of 3.73%. The ex-dividend date of this dividend was Friday, November 4th. Federated Investors’s dividend payout ratio (DPR) is 50.76%.

Several analysts recently issued reports on the stock. Credit Suisse Group AG set a $27.00 price objective on shares of Federated Investors and gave the company a “sell” rating in a research note on Sunday, July 31st. Jefferies Group cut shares of Federated Investors from a “buy” rating to a “hold” rating and dropped their price objective for the company from $32.00 to $27.00 in a research note on Monday, November 21st. Keefe, Bruyette & Woods set a $30.00 price objective on shares of Federated Investors and gave the company a “hold” rating in a research note on Friday, October 14th. Finally, Zacks Investment Research cut shares of Federated Investors from a “hold” rating to a “sell” rating in a research note on Thursday, October 13th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Federated Investors presently has an average rating of “Hold” and an average target price of $29.13.

In related news, Director Michael J. Farrell acquired 10,000 shares of Federated Investors stock in a transaction that occurred on Wednesday, November 2nd. The stock was purchased at an average price of $26.07 per share, for a total transaction of $260,700.00. Following the completion of the purchase, the director now directly owns 41,700 shares of the company’s stock, valued at $1,087,119. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Gordon J. Ceresino sold 5,570 shares of the firm’s stock in a transaction dated Wednesday, November 2nd. The shares were sold at an average price of $26.01, for a total transaction of $144,875.70. Following the completion of the sale, the insider now owns 176,914 shares of the company’s stock, valued at approximately $4,601,533.14. The disclosure for this sale can be found here. 10.50% of the stock is currently owned by corporate insiders.

Federated Investors Company Profile

Federated Investors, Inc (Federated) is a provider of investment management products and related financial services. The Company 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, in both domestic and international markets.

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