American International Group Inc. grew its stake in shares of Federated Investors Inc (NYSE:FII) by 1.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 257,125 shares of the asset manager’s stock after purchasing an additional 3,879 shares during the quarter. American International Group Inc. owned about 0.26% of Federated Investors worth $6,202,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of FII. BNP Paribas Arbitrage SA grew its stake in Federated Investors by 33.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 55,992 shares of the asset manager’s stock valued at $1,306,000 after acquiring an additional 14,164 shares in the last quarter. Eqis Capital Management Inc. grew its stake in Federated Investors by 16.2% during the 2nd quarter. Eqis Capital Management Inc. now owns 15,710 shares of the asset manager’s stock valued at $366,000 after acquiring an additional 2,190 shares in the last quarter. Aperio Group LLC grew its stake in Federated Investors by 71.2% during the 2nd quarter. Aperio Group LLC now owns 110,699 shares of the asset manager’s stock valued at $2,581,000 after acquiring an additional 46,033 shares in the last quarter. Wedge Capital Management L L P NC grew its stake in Federated Investors by 30.6% during the 2nd quarter. Wedge Capital Management L L P NC now owns 18,475 shares of the asset manager’s stock valued at $431,000 after acquiring an additional 4,327 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in Federated Investors by 9.3% during the 2nd quarter. Wells Fargo & Company MN now owns 590,694 shares of the asset manager’s stock valued at $13,774,000 after acquiring an additional 50,261 shares in the last quarter. 83.90% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:FII opened at $25.42 on Thursday. The company has a current ratio of 1.65, a quick ratio of 1.41 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $2.66 billion, a price-to-earnings ratio of 11.66, a PEG ratio of 1.71 and a beta of 1.13. Federated Investors Inc has a 1-year low of $22.06 and a 1-year high of $36.76.

Federated Investors (NYSE:FII) last posted its earnings results on Thursday, October 25th. The asset manager reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.05. The company had revenue of $308.62 million for the quarter, compared to analyst estimates of $283.04 million. Federated Investors had a net margin of 26.25% and a return on equity of 30.19%. Equities analysts expect that Federated Investors Inc will post 2.37 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Thursday, November 8th were issued a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, November 7th. This represents a $1.08 annualized dividend and a yield of 4.25%. Federated Investors’s payout ratio is 49.54%.

Several brokerages recently issued reports on FII. Zacks Investment Research cut shares of Federated Investors from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 19th. JPMorgan Chase & Co. raised shares of Federated Investors from an “underweight” rating to a “neutral” rating and set a $24.00 price objective for the company in a research note on Monday, September 17th. ValuEngine raised shares of Federated Investors from a “strong sell” rating to a “sell” rating in a research note on Saturday, October 27th. TheStreet raised shares of Federated Investors from a “c+” rating to a “b” rating in a research note on Wednesday, November 21st. Finally, Royal Bank of Canada set a $26.00 price objective on shares of Federated Investors and gave the company a “hold” rating in a research note on Monday, October 29th. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $26.79.

In other Federated Investors news, VP John B. Fisher sold 10,099 shares of the business’s stock in a transaction dated Friday, November 2nd. The shares were sold at an average price of $24.89, for a total value of $251,364.11. Following the transaction, the vice president now directly owns 541,485 shares in the company, valued at approximately $13,477,561.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Peter J. Germain sold 1,415 shares of the business’s stock in a transaction dated Friday, November 2nd. The shares were sold at an average price of $25.06, for a total transaction of $35,459.90. Following the completion of the transaction, the executive vice president now owns 92,764 shares in the company, valued at $2,324,665.84. The disclosure for this sale can be found here. Insiders sold a total of 11,712 shares of company stock worth $291,790 over the last quarter. 5.30% of the stock is currently owned by company insiders.

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About Federated Investors

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

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