Panagora Asset Management Inc. grew its position in Federated Investors Inc (NYSE:FII) by 45.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,836 shares of the asset manager’s stock after purchasing an additional 12,981 shares during the period. Panagora Asset Management Inc.’s holdings in Federated Investors were worth $1,360,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of FII. Municipal Employees Retirement System of Michigan raised its stake in shares of Federated Investors by 1.7% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 17,700 shares of the asset manager’s stock valued at $575,000 after acquiring an additional 300 shares during the period. Capital City Trust Co. FL raised its position in Federated Investors by 1.6% in the second quarter. Capital City Trust Co. FL now owns 20,542 shares of the asset manager’s stock valued at $668,000 after purchasing an additional 332 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of Federated Investors by 3.2% during the second quarter. State of Alaska Department of Revenue now owns 13,184 shares of the asset manager’s stock worth $428,000 after purchasing an additional 409 shares in the last quarter. Retirement Systems of Alabama lifted its stake in shares of Federated Investors by 0.3% during the second quarter. Retirement Systems of Alabama now owns 125,071 shares of the asset manager’s stock worth $4,065,000 after purchasing an additional 424 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its stake in shares of Federated Investors by 1.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 38,677 shares of the asset manager’s stock worth $1,257,000 after purchasing an additional 547 shares in the last quarter. Institutional investors and hedge funds own 83.64% of the company’s stock.

FII traded up $0.20 during trading on Wednesday, hitting $32.44. The company had a trading volume of 8,229 shares, compared to its average volume of 448,741. Federated Investors Inc has a 1-year low of $22.14 and a 1-year high of $35.98. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.23 and a quick ratio of 1.92. The company has a market cap of $3.23 billion, a PE ratio of 13.58, a P/E/G ratio of 1.65 and a beta of 0.78. The business has a 50-day moving average of $32.81 and a 200-day moving average of $31.65.

Federated Investors (NYSE:FII) last announced its quarterly earnings data on Thursday, July 25th. The asset manager reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.02. The company had revenue of $321.50 million during the quarter, compared to analyst estimates of $317.81 million. Federated Investors had a net margin of 19.16% and a return on equity of 27.29%. The firm’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same period last year, the business earned $0.38 EPS. Research analysts forecast that Federated Investors Inc will post 2.47 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 8th were paid a $0.27 dividend. The ex-dividend date was Wednesday, August 7th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.33%. Federated Investors’s dividend payout ratio (DPR) is presently 45.19%.

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

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

Federated Investors Company Profile

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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