Bremer Trust National Association Takes $209,000 Position in Federated Investors Inc (FII)
Bremer Trust National Association acquired a new position in shares of Federated Investors Inc (NYSE:FII) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,790 shares of the asset manager’s stock, valued at approximately $209,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Bessemer Group Inc. purchased a new position in shares of Federated Investors during the third quarter worth about $126,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Federated Investors by 8.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,484 shares of the asset manager’s stock worth $127,000 after purchasing an additional 358 shares in the last quarter. Advisory Services Network LLC grew its holdings in shares of Federated Investors by 9.4% during the second quarter. Advisory Services Network LLC now owns 5,968 shares of the asset manager’s stock worth $169,000 after purchasing an additional 511 shares in the last quarter. Cornerstone Capital Management Holdings LLC. purchased a new position in shares of Federated Investors during the second quarter worth about $176,000. Finally, Advisor Group Inc. grew its holdings in shares of Federated Investors by 9.9% during the second quarter. Advisor Group Inc. now owns 6,300 shares of the asset manager’s stock worth $177,000 after purchasing an additional 565 shares in the last quarter. 85.22% of the stock is owned by institutional investors.
Shares of Federated Investors Inc (NYSE FII) opened at $35.14 on Friday. The firm has a market capitalization of $3,550.00, a P/E ratio of 16.58, a P/E/G ratio of 1.39 and a beta of 1.56. Federated Investors Inc has a 12-month low of $24.93 and a 12-month high of $36.67. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.33 and a quick ratio of 1.89.
Federated Investors (NYSE:FII) last released its earnings results on Thursday, October 26th. The asset manager reported $0.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.03. The company had revenue of $278.32 million during the quarter, compared to the consensus estimate of $278.51 million. Federated Investors had a return on equity of 34.54% and a net margin of 19.32%. Federated Investors’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS. analysts expect that Federated Investors Inc will post 2.16 earnings per share for the current fiscal year.
In other Federated Investors news, VP John B. Fisher sold 6,460 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $31.49, for a total value of $203,425.40. Following the completion of the sale, the vice president now owns 508,445 shares in the company, valued at $16,010,933.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Thomas R. Donahue sold 30,000 shares of the business’s stock in a transaction that occurred on 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 sale, the chief financial officer now owns 634,044 shares of the company’s stock, valued at approximately $22,058,390.76. The disclosure for this sale can be found here. Insiders sold 47,430 shares of company stock valued at $1,636,457 in the last quarter. Corporate insiders own 7.10% of the company’s stock.
FII has been the subject of several recent analyst reports. Zacks Investment Research raised Federated Investors from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a report on Tuesday, October 31st. ValuEngine upgraded Federated Investors from a “hold” rating to a “buy” rating in a research report on Thursday, October 26th. Argus downgraded Federated Investors from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Royal Bank of Canada set a $29.00 target price on Federated Investors and gave the stock a “hold” rating in a research report on Friday, October 27th. Finally, Deutsche Bank assumed coverage on Federated Investors in a research report on Tuesday, October 17th. They issued a “hold” rating and a $31.00 target price for the company. Four analysts have rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $30.75.
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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