GSA Capital Partners LLP Acquires Shares of 42,910 Federated Investors, Inc. (FII)
GSA Capital Partners LLP acquired a new stake in shares of Federated Investors, Inc. (NYSE:FII) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 42,910 shares of the asset manager’s stock, valued at approximately $1,274,000.
A number of other hedge funds also recently modified their holdings of the stock. Bessemer Group Inc. acquired a new stake in Federated Investors in the third quarter worth about $126,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Federated Investors by 8.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,484 shares of the asset manager’s stock worth $127,000 after acquiring an additional 358 shares in the last quarter. Advisory Services Network LLC boosted its holdings in Federated Investors by 9.4% in the second quarter. Advisory Services Network LLC now owns 5,968 shares of the asset manager’s stock worth $169,000 after acquiring an additional 511 shares in the last quarter. Cornerstone Capital Management Holdings LLC. acquired a new stake in Federated Investors in the second quarter worth about $176,000. Finally, Advisor Group Inc. boosted its holdings in Federated Investors by 9.9% in the second quarter. Advisor Group Inc. now owns 6,300 shares of the asset manager’s stock worth $177,000 after acquiring an additional 565 shares in the last quarter. 85.22% of the stock is currently owned by institutional investors.
Federated Investors, Inc. (FII) opened at $36.22 on Thursday. Federated Investors, Inc. has a 12 month low of $24.93 and a 12 month high of $36.54. The stock has a market capitalization of $3,656.76, a PE ratio of 17.26, a PEG ratio of 3.43 and a beta of 1.57. The company has a quick ratio of 1.89, a current ratio of 3.33 and a debt-to-equity ratio of 0.27.
Several brokerages have weighed in on FII. Royal Bank of Canada set a $31.00 price target on Federated Investors and gave the stock a “hold” rating in a report on Friday, December 15th. ValuEngine raised Federated Investors from a “hold” rating to a “buy” rating in a report on Thursday, November 30th. Keefe, Bruyette & Woods reissued a “sell” rating and issued a $31.00 price target on shares of Federated Investors in a report on Wednesday, November 1st. Zacks Investment Research raised Federated Investors from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a report on Tuesday, October 31st. Finally, Citigroup raised their price objective on Federated Investors from $22.00 to $24.00 and gave the stock a “sell” rating in a research note on Tuesday, October 31st. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $29.00.
In other news, CFO Thomas R. Donahue sold 30,000 shares of the firm’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $34.79, for a total value of $1,043,700.00. Following the completion of the transaction, the chief financial officer now directly owns 634,044 shares in the company, valued at $22,058,390.76. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP John B. Fisher sold 6,460 shares of Federated Investors stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $31.49, for a total value of $203,425.40. Following the transaction, the vice president now owns 508,445 shares of the company’s stock, valued at $16,010,933.05. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,776 shares of company stock valued at $1,288,527. Company insiders own 7.10% of the company’s stock.
About Federated Investors
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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