Menta Capital LLC Buys New Stake in Federated Investors Inc (FII)

Menta Capital LLC acquired a new position in Federated Investors Inc (NYSE:FII) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 12,900 shares of the asset manager’s stock, valued at approximately $378,000.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. lifted its position in Federated Investors by 0.3% during the fourth quarter. BlackRock Inc. now owns 13,333,986 shares of the asset manager’s stock worth $354,019,000 after buying an additional 35,445 shares in the last quarter. Great West Life Assurance Co. Can lifted its position in Federated Investors by 2.2% during the fourth quarter. Great West Life Assurance Co. Can now owns 5,873,857 shares of the asset manager’s stock worth $151,851,000 after buying an additional 123,865 shares in the last quarter. Schneider Downs Wealth Management Advisors LP raised its position in Federated Investors by 74.1% in the fourth quarter. Schneider Downs Wealth Management Advisors LP now owns 5,232,641 shares of the asset manager’s stock valued at $138,927,000 after purchasing an additional 2,226,812 shares during the period. Dimensional Fund Advisors LP raised its position in Federated Investors by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,067,345 shares of the asset manager’s stock valued at $81,438,000 after purchasing an additional 21,716 shares during the period. Finally, APG Asset Management N.V. raised its position in Federated Investors by 5.0% in the fourth quarter. APG Asset Management N.V. now owns 1,456,600 shares of the asset manager’s stock valued at $33,830,000 after purchasing an additional 69,700 shares during the period. Hedge funds and other institutional investors own 82.93% of the company’s stock.

FII has been the topic of a number of research analyst reports. ValuEngine upgraded Federated Investors from a “sell” rating to a “hold” rating in a research report on Thursday, February 28th. Bank of America set a $28.00 target price on Federated Investors and gave the company a “sell” rating in a research report on Tuesday, April 9th. Finally, Zacks Investment Research downgraded Federated Investors from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $27.50.

FII traded up $0.21 on Wednesday, hitting $31.57. 847,700 shares of the company were exchanged, compared to its average volume of 847,818. Federated Investors Inc has a twelve month low of $22.06 and a twelve month high of $33.77. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 13.21, a PEG ratio of 1.86 and a beta of 0.87. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.11 and a quick ratio of 1.90.

Federated Investors (NYSE:FII) last released its 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 company had revenue of $307.10 million for the quarter, compared to analyst estimates of $309.09 million. During the same period in the previous year, the firm earned $0.60 earnings per share. The company’s revenue for the quarter was up 16.4% compared to the same quarter last year. On average, research analysts anticipate that Federated Investors Inc will post 2.41 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 8th were paid a dividend of $0.27 per share. The ex-dividend date was Tuesday, May 7th. This represents a $1.08 annualized dividend and a yield of 3.42%. Federated Investors’s payout ratio is 45.19%.

In other news, VP John B. Fisher sold 100,000 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $30.94, for a total transaction of $3,094,000.00. Following the completion of the transaction, the vice president now directly owns 488,030 shares of the company’s stock, valued at approximately $15,099,648.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Gordon J. Ceresino sold 13,316 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $29.34, for a total value of $390,691.44. Following the transaction, the director now directly owns 177,153 shares of the company’s stock, valued at $5,197,669.02. The disclosure for this sale can be found here. Insiders have sold a total of 140,313 shares of company stock valued at $4,290,505 over the last three months. 5.50% of the stock is currently owned by insiders.

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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: What is the Producer Price Index (PPI)?

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

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