Gabelli Funds LLC Sells 36,000 Shares of Federated Investors Inc (FII)

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Gabelli Funds LLC lessened its stake in shares of Federated Investors Inc (NYSE:FII) by 35.6% during the first quarter, HoldingsChannel reports. The firm owned 65,000 shares of the asset manager’s stock after selling 36,000 shares during the period. Gabelli Funds LLC’s holdings in Federated Investors were worth $1,905,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of FII. Teachers Advisors LLC lifted its stake in shares of Federated Investors by 3.6% during the third quarter. Teachers Advisors LLC now owns 191,177 shares of the asset manager’s stock worth $4,611,000 after purchasing an additional 6,693 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of Federated Investors by 1.1% during the third quarter. Legal & General Group Plc now owns 133,651 shares of the asset manager’s stock worth $3,224,000 after purchasing an additional 1,423 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in shares of Federated Investors by 6.0% during the fourth quarter. State of Alaska Department of Revenue now owns 12,803 shares of the asset manager’s stock worth $339,000 after purchasing an additional 721 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in shares of Federated Investors during the fourth quarter worth about $291,000. Finally, Foundation Resource Management Inc. lifted its stake in shares of Federated Investors by 32.1% during the fourth quarter. Foundation Resource Management Inc. now owns 303,443 shares of the asset manager’s stock worth $8,056,000 after purchasing an additional 73,677 shares in the last quarter. Institutional investors own 86.04% of the company’s stock.

In other Federated Investors news, EVP Peter J. Germain sold 1,682 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $29.76, for a total transaction of $50,056.32. Following the sale, the executive vice president now owns 112,946 shares in the company, valued at $3,361,272.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gordon J. Ceresino sold 5,067 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $29.75, for a total value of $150,743.25. Following the sale, the director now owns 190,469 shares in the company, valued at approximately $5,666,452.75. The disclosure for this sale can be found here. Insiders have sold 40,313 shares of company stock worth $1,196,505 in the last 90 days. 5.50% of the stock is currently owned by insiders.

Several research analysts recently commented on FII shares. ValuEngine upgraded Federated Investors from a “sell” rating to a “hold” rating in a research note on Thursday, February 28th. Zacks Investment Research upgraded Federated Investors from a “hold” rating to a “strong-buy” rating and set a $34.00 price target on the stock in a research note on Friday, March 29th. Finally, Bank of America set a $28.00 price target on Federated Investors and gave the stock a “sell” rating in a research note on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. Federated Investors has an average rating of “Hold” and a consensus price target of $27.50.

NYSE:FII opened at $30.71 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.90 and a current ratio of 2.11. Federated Investors Inc has a one year low of $22.06 and a one year high of $33.77. The stock has a market capitalization of $3.12 billion, a P/E ratio of 12.85, a price-to-earnings-growth ratio of 1.84 and a beta of 0.87.

Federated Investors (NYSE:FII) last released its quarterly earnings results on Thursday, April 25th. The asset manager reported $0.54 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.02). Federated Investors had a return on equity of 27.79% and a net margin of 18.20%. The business had revenue of $307.10 million during the quarter, compared to analyst estimates of $309.09 million. During the same quarter last year, the firm posted $0.60 EPS. The company’s revenue was up 16.4% compared to the same quarter last year. As a group, equities research analysts predict that Federated Investors Inc will post 2.45 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 8th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 3.52%. The ex-dividend date was Tuesday, May 7th. Federated Investors’s payout ratio is currently 45.19%.

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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.

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

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