Squarepoint Ops LLC Buys 169,558 Shares of Federated Investors Inc (NYSE:FII)

Squarepoint Ops LLC grew its stake in Federated Investors Inc (NYSE:FII) by 456.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 206,734 shares of the asset manager’s stock after acquiring an additional 169,558 shares during the quarter. Squarepoint Ops LLC owned about 0.20% of Federated Investors worth $6,700,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Synovus Financial Corp acquired a new position in Federated Investors in the 3rd quarter worth approximately $55,000. FMR LLC lifted its stake in Federated Investors by 40.5% during the 1st quarter. FMR LLC now owns 2,266 shares of the asset manager’s stock valued at $66,000 after acquiring an additional 653 shares during the period. Tower Research Capital LLC TRC lifted its stake in Federated Investors by 34.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,563 shares of the asset manager’s stock valued at $83,000 after acquiring an additional 662 shares during the period. Point72 Hong Kong Ltd boosted its holdings in shares of Federated Investors by 205.7% in the 2nd quarter. Point72 Hong Kong Ltd now owns 2,974 shares of the asset manager’s stock valued at $97,000 after acquiring an additional 2,001 shares during the last quarter. Finally, GQ Asset Management LLC purchased a new stake in shares of Federated Investors in the 3rd quarter valued at $104,000. Institutional investors own 82.51% of the company’s stock.

In other Federated Investors news, Director Gordon J. Ceresino sold 6,001 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $32.90, for a total value of $197,432.90. Following the transaction, the director now owns 171,768 shares in the company, valued at approximately $5,651,167.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Richard A. Novak sold 1,234 shares of the firm’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $32.89, for a total value of $40,586.26. Following the completion of the transaction, the insider now owns 55,480 shares in the company, valued at approximately $1,824,737.20. The disclosure for this sale can be found here. Insiders sold 84,854 shares of company stock worth $2,820,225 over the last ninety days. Corporate insiders own 5.50% of the company’s stock.

A number of research firms have recently weighed in on FII. Zacks Investment Research lowered shares of Federated Investors from a “buy” rating to a “hold” rating and set a $33.00 price objective on the stock. in a research note on Friday, October 11th. ValuEngine downgraded shares of Federated Investors from a “sell” rating to a “strong sell” rating in a research report on Friday, October 25th. Finally, Deutsche Bank boosted their target price on shares of Federated Investors from $34.00 to $35.00 and gave the company a “hold” rating in a research report on Wednesday, November 27th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Federated Investors has an average rating of “Hold” and a consensus price target of $33.50.

Shares of FII opened at $33.20 on Tuesday. The stock’s 50-day moving average price is $32.63 and its 200-day moving average price is $32.38. Federated Investors Inc has a 52 week low of $24.04 and a 52 week high of $35.98. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 2.10 and a beta of 0.76. The company has a quick ratio of 1.59, a current ratio of 2.17 and a debt-to-equity ratio of 0.24.

Federated Investors (NYSE:FII) last posted its earnings results on Thursday, October 24th. The asset manager reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.07. Federated Investors had a net margin of 19.73% and a return on equity of 27.84%. The business had revenue of $340.34 million for the quarter, compared to analyst estimates of $332.10 million. During the same period in the prior year, the company posted $0.59 EPS. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. As a group, equities analysts anticipate that Federated Investors Inc will post 2.58 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 8th were given a $0.27 dividend. The ex-dividend date was Thursday, November 7th. This represents a $1.08 annualized dividend and a dividend yield of 3.25%. Federated Investors’s dividend payout ratio (DPR) is presently 45.19%.

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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