ING Groep NV acquired a new position in Federated Investors, Inc. (NYSE:FII) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,286 shares of the asset manager’s stock, valued at approximately $319,000.

A number of other large investors have also recently modified their holdings of FII. Tyers Asset Management LLC increased its stake in shares of Federated Investors by 12.7% in the first quarter. Tyers Asset Management LLC now owns 3,916 shares of the asset manager’s stock worth $103,000 after buying an additional 440 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Federated Investors by 60.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,126 shares of the asset manager’s stock worth $109,000 after buying an additional 1,559 shares during the last quarter. First Bank & Trust increased its stake in shares of Federated Investors by 16.9% in the first quarter. First Bank & Trust now owns 4,346 shares of the asset manager’s stock worth $115,000 after buying an additional 627 shares during the last quarter. Flinton Capital Management LLC increased its stake in shares of Federated Investors by 12.7% in the first quarter. Flinton Capital Management LLC now owns 4,984 shares of the asset manager’s stock worth $131,000 after buying an additional 560 shares during the last quarter. Finally, FNY Partners Fund LP purchased a new stake in shares of Federated Investors during the first quarter worth about $131,000. 85.54% of the stock is owned by institutional investors and hedge funds.

Federated Investors, Inc. (FII) traded down 1.48% on Thursday, reaching $27.30. 431,732 shares of the company’s stock were exchanged. Federated Investors, Inc. has a 52-week low of $24.52 and a 52-week high of $33.13. The company has a market cap of $2.66 billion, a PE ratio of 13.00 and a beta of 1.42. The firm’s 50 day moving average price is $28.52 and its 200 day moving average price is $27.02.

Federated Investors (NYSE:FII) last announced its earnings results on Thursday, July 27th. The asset manager reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.03. The company had revenue of $272.80 million during 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%. During the same period in the previous year, the business posted $0.51 earnings per share. The firm’s quarterly revenue was down 4.8% compared to the same quarter last year. On average, analysts expect that Federated Investors, Inc. will post $2.06 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 8th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend is Friday, August 4th. Federated Investors’s dividend payout ratio is currently 48.08%.

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FII has been the subject of a number of recent analyst reports. BidaskClub raised shares of Federated Investors from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Zacks Investment Research raised shares of Federated Investors from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research report on Tuesday, July 4th. ValuEngine cut shares of Federated Investors from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Royal Bank Of Canada set a $28.00 target price on shares of Federated Investors and gave the company a “hold” rating in a research note on Friday, July 28th. Finally, 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 research note on Thursday, May 25th. Three equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $24.71.

In other Federated Investors news, VP John B. Fisher sold 5,041 shares of Federated Investors stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $27.97, for a total transaction of $140,996.77. Following the transaction, the vice president now owns 514,905 shares of the company’s stock, valued at $14,401,892.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Richard A. Novak sold 2,700 shares of Federated Investors stock in a transaction that occurred on 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 in the company, valued at approximately $1,239,325.70. The disclosure for this sale can be found here. Insiders have sold 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.

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

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