Bank of Montreal Can increased its stake in shares of Federated Investors, Inc. (NYSE:FII) by 13.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,586 shares of the asset manager’s stock after buying an additional 1,463 shares during the period. Bank of Montreal Can’s holdings in Federated Investors were worth $356,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of FII. Janney Montgomery Scott LLC increased its stake in shares of Federated Investors by 63.8% in the first quarter. Janney Montgomery Scott LLC now owns 73,494 shares of the asset manager’s stock valued at $1,936,000 after buying an additional 28,637 shares in the last quarter. GoodHaven Capital Management LLC increased its stake in shares of Federated Investors by 1.8% in the first quarter. GoodHaven Capital Management LLC now owns 443,205 shares of the asset manager’s stock valued at $11,674,000 after buying an additional 7,900 shares in the last quarter. Paloma Partners Management Co increased its stake in shares of Federated Investors by 22.7% in the first quarter. Paloma Partners Management Co now owns 37,562 shares of the asset manager’s stock valued at $989,000 after buying an additional 6,949 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Federated Investors by 12.6% in the first quarter. Geode Capital Management LLC now owns 1,098,002 shares of the asset manager’s stock valued at $28,920,000 after buying an additional 122,752 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its stake in shares of Federated Investors by 5.3% in the first quarter. State of Alaska Department of Revenue now owns 7,810 shares of the asset manager’s stock valued at $205,000 after buying an additional 390 shares in the last quarter. Institutional investors and hedge funds own 82.88% of the company’s stock.

Federated Investors, Inc. (NYSE:FII) traded up 0.30% during trading on Wednesday, hitting $26.80. The stock had a trading volume of 114,026 shares. The firm’s 50 day moving average is $28.16 and its 200 day moving average is $27.05. The firm has a market cap of $2.62 billion, a price-to-earnings ratio of 12.76 and a beta of 1.42. Federated Investors, Inc. has a 1-year low of $24.52 and a 1-year high of $33.13.

Federated Investors (NYSE:FII) last posted its quarterly earnings data on Thursday, July 27th. The asset manager reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.03. Federated Investors had a net margin of 18.91% and a return on equity of 33.93%. The company had revenue of $272.80 million during the quarter, compared to the consensus estimate of $278.51 million. During the same period in the prior year, the business posted $0.51 EPS. The company’s quarterly revenue was down 4.8% on a year-over-year basis. On average, analysts anticipate that Federated Investors, Inc. will post $2.06 earnings per share for the current year.

The firm also recently disclosed 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. The ex-dividend date of this dividend was Friday, August 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.74%. Federated Investors’s dividend payout ratio is 48.08%.

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FII has been the topic of several recent analyst reports. Royal Bank Of Canada initiated coverage on Federated Investors in a research report on Thursday, June 29th. They set a “sector perform” rating and a $27.00 target price on the stock. BidaskClub downgraded Federated Investors from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Zacks Investment Research downgraded Federated Investors from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. J P Morgan Chase & Co upgraded Federated Investors from an “underweight” rating to a “neutral” rating and set a $24.00 target price on the stock in a research report on Thursday, May 25th. Finally, ValuEngine downgraded Federated Investors from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Three analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $24.71.

In other news, insider Richard A. Novak sold 2,700 shares of the 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 completion of the transaction, the insider now directly owns 44,741 shares in the company, valued at approximately $1,239,325.70. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP John B. Fisher sold 5,041 shares of the stock in a transaction dated Wednesday, August 2nd. The stock was 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,875 shares of company stock valued at $246,998. Company 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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