Foundation Resource Management Inc. Sells 3,363 Shares of Federated Investors Inc (NYSE:FII)

Foundation Resource Management Inc. lowered its stake in Federated Investors Inc (NYSE:FII) by 1.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 284,668 shares of the asset manager’s stock after selling 3,363 shares during the quarter. Federated Investors makes up 2.0% of Foundation Resource Management Inc.’s investment portfolio, making the stock its 20th largest position. Foundation Resource Management Inc. owned about 0.28% of Federated Investors worth $9,226,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of FII. Geode Capital Management LLC boosted its stake in Federated Investors by 11.0% in the 4th quarter. Geode Capital Management LLC now owns 1,299,905 shares of the asset manager’s stock worth $34,660,000 after purchasing an additional 128,662 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Federated Investors by 240.4% during the 1st quarter. JPMorgan Chase & Co. now owns 426,081 shares of the asset manager’s stock valued at $12,487,000 after acquiring an additional 300,902 shares during the last quarter. New York State Common Retirement Fund boosted its position in shares of Federated Investors by 4.0% during the 1st quarter. New York State Common Retirement Fund now owns 98,800 shares of the asset manager’s stock valued at $2,896,000 after acquiring an additional 3,800 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of Federated Investors by 12.4% during the 1st quarter. Parametric Portfolio Associates LLC now owns 512,006 shares of the asset manager’s stock valued at $15,007,000 after acquiring an additional 56,340 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its position in shares of Federated Investors by 28.6% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 29,700 shares of the asset manager’s stock valued at $678,000 after acquiring an additional 6,600 shares during the last quarter. Institutional investors and hedge funds own 82.81% of the company’s stock.

FII has been the subject of a number of research analyst reports. Citigroup lifted their price target on Federated Investors from $31.00 to $32.00 and gave the company a “neutral” rating in a research report on Tuesday, July 9th. JPMorgan Chase & Co. upgraded Federated Investors from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $34.00 to $36.00 in a research report on Monday, June 10th. Finally, ValuEngine downgraded Federated Investors from a “hold” rating to a “sell” rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, four have assigned 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.

Shares of FII traded down $0.25 during trading hours on Thursday, reaching $30.53. 7,791 shares of the company’s stock traded hands, compared to its average volume of 543,132. The stock has a market cap of $3.11 billion, a PE ratio of 12.78, a price-to-earnings-growth ratio of 1.67 and a beta of 0.77. The company has a current ratio of 2.23, a quick ratio of 1.92 and a debt-to-equity ratio of 0.26. Federated Investors Inc has a 12 month low of $22.14 and a 12 month high of $35.98. The firm’s 50 day simple moving average is $32.20 and its 200-day simple moving average is $31.96.

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, beating the Zacks’ consensus estimate of $0.60 by $0.02. The company 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 revenue for the quarter was up 25.6% compared to the same quarter last year. During the same period last year, the firm posted $0.38 EPS. As a group, analysts expect that Federated Investors Inc will post 2.48 earnings per share for the current fiscal year.

In related news, VP Paul A. Uhlman sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $35.15, for a total transaction of $1,406,000.00. Following the transaction, the vice president now directly 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 accessible through this link. Company insiders own 5.50% of the company’s stock.

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.

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

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