Ridgewood Investments LLC Has $441,000 Position in Federated Investors Inc (FII)

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Ridgewood Investments LLC cut its stake in shares of Federated Investors Inc (NYSE:FII) by 18.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,053 shares of the asset manager’s stock after selling 3,430 shares during the period. Ridgewood Investments LLC’s holdings in Federated Investors were worth $441,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Retirement Systems of Alabama lifted its position in shares of Federated Investors by 0.7% in the first quarter. Retirement Systems of Alabama now owns 124,647 shares of the asset manager’s stock valued at $3,653,000 after acquiring an additional 866 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in shares of Federated Investors in the first quarter valued at about $254,000. 6 Meridian purchased a new position in shares of Federated Investors in the first quarter valued at about $535,000. Country Club Trust Company n.a. lifted its position in shares of Federated Investors by 6.1% in the first quarter. Country Club Trust Company n.a. now owns 281,942 shares of the asset manager’s stock valued at $8,264,000 after acquiring an additional 16,139 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in shares of Federated Investors by 26.1% in the fourth quarter. Deutsche Bank AG now owns 385,442 shares of the asset manager’s stock valued at $10,230,000 after acquiring an additional 79,889 shares in the last quarter. Institutional investors own 85.69% of the company’s stock.

In other Federated Investors news, Director Gordon J. Ceresino sold 5,067 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $29.75, for a total transaction of $150,743.25. Following the sale, the director now directly owns 190,469 shares of the company’s stock, valued at $5,666,452.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP John B. Fisher sold 14,464 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $29.81, for a total value of $431,171.84. Following the sale, the vice president now directly owns 545,521 shares in the company, valued at $16,261,981.01. The disclosure for this sale can be found here. Insiders sold 38,029 shares of company stock worth $1,126,318 over the last ninety days. Insiders own 5.50% of the company’s stock.

Several equities analysts have recently commented on FII shares. Citigroup upgraded Federated Investors from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $21.00 to $24.00 in a research report on Tuesday, December 18th. ValuEngine upgraded Federated Investors from a “sell” rating to a “hold” rating in a research report on Thursday, February 28th. Gabelli started coverage on Federated Investors in a research report on Sunday, December 16th. They issued a “buy” rating and a $37.00 price objective on the stock. Zacks Investment Research upgraded Federated Investors from a “hold” rating to a “strong-buy” rating and set a $34.00 price objective on the stock in a research report on Friday, March 29th. Finally, Bank of America set a $28.00 price objective on Federated Investors and gave the company a “sell” rating in a research report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Federated Investors has a consensus rating of “Hold” and an average target price of $27.50.

Shares of FII stock traded down $0.08 during trading hours on Monday, hitting $32.57. The stock had a trading volume of 14,815 shares, compared to its average volume of 829,867. Federated Investors Inc has a one year low of $22.06 and a one year high of $33.08. The company has a current ratio of 1.68, a quick ratio of 1.49 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $3.24 billion, a price-to-earnings ratio of 13.67, a price-to-earnings-growth ratio of 1.74 and a beta of 0.87.

Federated Investors (NYSE:FII) last issued its earnings results on Thursday, January 24th. The asset manager reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.01. Federated Investors had a return on equity of 29.33% and a net margin of 19.40%. The firm had revenue of $307.20 million for the quarter, compared to analysts’ expectations of $305.68 million. During the same period in the previous year, the firm posted $0.61 earnings per share. The business’s revenue was up 10.4% compared to the same quarter last year. As a group, research analysts predict that Federated Investors Inc will post 2.49 EPS for the current fiscal year.

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Federated Investors 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.

Further Reading: Preferred Stock

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

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