Federated Investors Inc (NYSE:FII) saw a large decrease in short interest in July. As of July 31st, there was short interest totalling 4,830,400 shares, a decrease of 8.8% from the June 30th total of 5,295,700 shares. Based on an average daily trading volume, of 649,000 shares, the days-to-cover ratio is presently 7.4 days. Currently, 5.1% of the company’s stock are short sold.
In other Federated Investors news, VP Paul A. Uhlman sold 1,007 shares of the stock in a transaction that occurred on Monday, June 17th. The shares were 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 owns 235,364 shares in the company, valued at approximately $7,489,282.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Paul A. Uhlman sold 40,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the vice president now owns 195,364 shares of the company’s stock, valued at approximately $6,867,044.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 141,338 shares of company stock valued at $4,542,482. Insiders own 5.50% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Quadrant Capital Group LLC raised its holdings in Federated Investors by 2,366.7% in the 1st quarter. Quadrant Capital Group LLC now owns 1,702 shares of the asset manager’s stock worth $49,000 after acquiring an additional 1,633 shares during the period. Bremer Bank National Association bought a new position in Federated Investors in the 1st quarter worth $61,000. FMR LLC raised its holdings in Federated Investors by 40.5% in the 1st quarter. FMR LLC now owns 2,266 shares of the asset manager’s stock worth $66,000 after acquiring an additional 653 shares during the period. Signaturefd LLC raised its holdings in Federated Investors by 92.5% in the 1st quarter. Signaturefd LLC now owns 2,435 shares of the asset manager’s stock worth $71,000 after acquiring an additional 1,170 shares during the period. Finally, Parallel Advisors LLC raised its holdings in Federated Investors by 49.4% in the 1st quarter. Parallel Advisors LLC now owns 2,751 shares of the asset manager’s stock worth $81,000 after acquiring an additional 910 shares during the period. Hedge funds and other institutional investors own 81.01% of the company’s stock.
A number of research firms have issued reports on FII. Citigroup increased their target price on shares of Federated Investors from $31.00 to $32.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 9th. Zacks Investment Research downgraded shares of Federated Investors from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. JPMorgan Chase & Co. upgraded shares of Federated Investors from a “neutral” rating to an “overweight” rating and raised their price target for the company from $34.00 to $36.00 in a report on Monday, June 10th. Finally, ValuEngine downgraded shares of Federated Investors from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. Federated Investors presently has an average rating of “Hold” and a consensus price target of $30.71.
Shares of Federated Investors stock traded up $0.08 during midday trading on Thursday, reaching $32.18. 485,800 shares of the company’s stock traded hands, compared to its average volume of 774,822. The company has a market cap of $3.26 billion, a price-to-earnings ratio of 13.46, a price-to-earnings-growth ratio of 1.78 and a beta of 0.79. The company’s 50 day simple moving average is $33.37 and its 200 day simple moving average is $31.13. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.92 and a current ratio of 2.23. Federated Investors has a 52 week low of $22.14 and a 52 week high of $35.98.
Federated Investors (NYSE:FII) last released its quarterly earnings results on Thursday, July 25th. The asset manager reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. The business had revenue of $321.50 million for the quarter, compared to the consensus estimate of $317.81 million. Federated Investors had a net margin of 19.16% and a return on equity of 27.29%. Federated Investors’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.38 EPS. As a group, equities research analysts predict that Federated Investors will post 2.49 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 8th will be issued a $0.27 dividend. The ex-dividend date is Wednesday, August 7th. This represents a $1.08 annualized dividend and a yield of 3.36%. Federated Investors’s dividend payout ratio (DPR) is presently 45.19%.
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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