Shelton Capital Management Buys New Holdings in Federated Investors, Inc. (FII)
Shelton Capital Management bought a new position in Federated Investors, Inc. (NYSE:FII) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 7,087 shares of the asset manager’s stock, valued at approximately $200,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in FII. UBS Asset Management Americas Inc. raised its holdings in Federated Investors by 16.7% in the 1st quarter. UBS Asset Management Americas Inc. now owns 73,555 shares of the asset manager’s stock worth $1,937,000 after acquiring an additional 10,508 shares during the period. Karp Capital Management Corp bought a new position in Federated Investors in the 1st quarter worth $550,000. JPMorgan Chase & Co. raised its holdings in Federated Investors by 25.9% in the 1st quarter. JPMorgan Chase & Co. now owns 98,525 shares of the asset manager’s stock worth $2,595,000 after acquiring an additional 20,246 shares during the period. OppenheimerFunds Inc. raised its holdings in Federated Investors by 27.0% in the 1st quarter. OppenheimerFunds Inc. now owns 10,599 shares of the asset manager’s stock worth $279,000 after acquiring an additional 2,254 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in Federated Investors by 2.8% in the 1st quarter. Principal Financial Group Inc. now owns 383,564 shares of the asset manager’s stock worth $10,103,000 after acquiring an additional 10,401 shares during the period. Hedge funds and other institutional investors own 82.91% of the company’s stock.
Several brokerages recently commented on FII. BidaskClub downgraded shares of Federated Investors from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. Royal Bank Of Canada set a $28.00 price target on shares of Federated Investors and gave the stock a “hold” rating in a research report on Wednesday. Jefferies Group LLC restated a “hold” rating and issued a $30.00 price target (up from $29.00) on shares of Federated Investors in a research report on Tuesday, October 10th. Zacks Investment Research upgraded shares of Federated Investors from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research report on Monday, October 2nd. Finally, Keefe, Bruyette & Woods restated a “sell” rating and issued a $28.00 price target on shares of Federated Investors in a research report on Friday, July 14th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $28.13.
Shares of Federated Investors, Inc. (NYSE:FII) opened at 31.57 on Friday. The firm has a market capitalization of $3.08 billion, a price-to-earnings ratio of 15.03 and a beta of 1.45. The firm has a 50-day moving average of $29.31 and a 200 day moving average of $27.77. Federated Investors, Inc. has a 52-week low of $24.52 and a 52-week high of $31.81.
Federated Investors (NYSE:FII) last released its quarterly earnings results on Thursday, July 27th. The asset manager reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.03. Federated Investors had a net margin of 18.91% and a return on equity of 33.93%. The business had revenue of $272.80 million for the quarter, compared to analyst estimates of $278.51 million. During the same period last year, the firm earned $0.51 earnings per share. Federated Investors’s revenue for the quarter was down 4.8% compared to the same quarter last year. Analysts predict that Federated Investors, Inc. will post $2.07 EPS for the current year.
In related news, VP John B. Fisher sold 5,041 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $27.97, for a total transaction of $140,996.77. Following the transaction, the vice president now directly owns 514,905 shares of the company’s stock, valued at $14,401,892.85. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 7.10% of the stock is currently owned by company insiders.
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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