Russell Investments Group Ltd. reduced its holdings in Federated Investors Inc (NYSE:FII) by 4.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 179,346 shares of the asset manager’s stock after selling 9,132 shares during the period. Russell Investments Group Ltd.’s holdings in Federated Investors were worth $5,829,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of FII. Bremer Bank National Association bought a new position in Federated Investors in the 1st quarter worth approximately $61,000. FMR LLC increased its position in Federated Investors by 40.5% in the 1st quarter. FMR LLC now owns 2,266 shares of the asset manager’s stock worth $66,000 after buying an additional 653 shares during the period. Signaturefd LLC increased its position in Federated Investors by 92.5% in the 1st quarter. Signaturefd LLC now owns 2,435 shares of the asset manager’s stock worth $71,000 after buying an additional 1,170 shares during the period. Navellier & Associates Inc bought a new position in Federated Investors in the 2nd quarter worth approximately $211,000. Finally, Hunter Associates Investment Management LLC bought a new position in Federated Investors in the 1st quarter worth approximately $215,000. 83.64% of the stock is currently owned by institutional investors.

Shares of FII traded up $0.10 on Friday, reaching $33.61. 8,279 shares of the stock traded hands, compared to its average volume of 469,472. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of 14.07, a P/E/G ratio of 1.67 and a beta of 0.78. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.23 and a quick ratio of 1.92. Federated Investors Inc has a 12 month low of $22.14 and a 12 month high of $35.98. The stock’s 50-day moving average price is $32.81 and its 200-day moving average price is $31.67.

Federated Investors (NYSE:FII) last released its quarterly earnings data on Thursday, July 25th. The asset manager reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. The business had revenue of $321.50 million for the quarter, compared to analysts’ expectations of $317.81 million. Federated Investors had a return on equity of 27.29% and a net margin of 19.16%. Federated Investors’s quarterly revenue was up 25.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.38 earnings per share. As a group, equities research analysts forecast that Federated Investors Inc will post 2.47 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 8th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date of this dividend was Wednesday, August 7th. Federated Investors’s dividend payout ratio is presently 45.19%.

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. upgraded Federated Investors from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $34.00 to $36.00 in a research report on Monday, June 10th. ValuEngine cut Federated Investors from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Citigroup boosted their price objective on Federated Investors from $31.00 to $32.00 and gave the company a “neutral” rating in a research report on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. Federated Investors presently has a consensus rating of “Hold” and a consensus price target of $30.71.

In related news, VP Paul A. Uhlman sold 40,000 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $35.15, for a total value of $1,406,000.00. Following the sale, the vice president now owns 195,364 shares of the company’s stock, valued at approximately $6,867,044.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Paul A. Uhlman sold 1,007 shares of the business’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $31.82, for a total value of $32,042.74. Following the completion of the sale, the vice president now directly owns 235,364 shares in the company, valued at approximately $7,489,282.48. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,080 shares of company stock worth $1,440,517. 5.50% of the stock is currently owned by company insiders.

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.

See Also: Earnings Per Share (EPS)

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

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