Simmons Bank Sells 97,428 Shares of Federated Investors Inc (NYSE:FII)

Simmons Bank lowered its holdings in shares of Federated Investors Inc (NYSE:FII) by 48.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,550 shares of the asset manager’s stock after selling 97,428 shares during the quarter. Simmons Bank owned 0.10% of Federated Investors worth $3,035,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Essex Savings Bank bought a new position in Federated Investors in the fourth quarter valued at approximately $35,000. Quadrant Capital Group LLC lifted its position in shares of Federated Investors by 2,366.7% in the first quarter. Quadrant Capital Group LLC now owns 1,702 shares of the asset manager’s stock valued at $49,000 after buying an additional 1,633 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of Federated Investors by 627.7% in the fourth quarter. Parallel Advisors LLC now owns 1,841 shares of the asset manager’s stock valued at $48,000 after buying an additional 1,588 shares during the last quarter. Bremer Bank National Association acquired a new stake in shares of Federated Investors in the first quarter valued at approximately $61,000. Finally, Signaturefd LLC lifted its position in shares of Federated Investors by 92.5% in the first quarter. Signaturefd LLC now owns 2,435 shares of the asset manager’s stock valued at $71,000 after buying an additional 1,170 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors.

A number of analysts have recently issued reports on FII shares. Zacks Investment Research cut Federated Investors from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. ValuEngine raised Federated Investors from a “sell” rating to a “hold” rating in a research report on Thursday, February 28th. JPMorgan Chase & Co. raised Federated Investors from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $34.00 to $36.00 in a research report on Monday, June 10th. Finally, Bank of America set a $28.00 price objective on Federated Investors and gave the company a “sell” rating in a research report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $29.00.

In other news, Director Michael J. Farrell sold 3,000 shares of Federated Investors stock in a transaction on Monday, April 1st. The stock was sold at an average price of $29.59, for a total value of $88,770.00. Following the transaction, the director now owns 41,150 shares in the company, valued at approximately $1,217,628.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP John B. Fisher sold 100,000 shares of Federated Investors stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $30.94, for a total value of $3,094,000.00. Following the completion of the transaction, the vice president now owns 488,030 shares in the company, valued at approximately $15,099,648.20. The disclosure for this sale can be found here. Insiders sold a total of 106,549 shares of company stock valued at $3,292,965 over the last ninety days. Insiders own 5.50% of the company’s stock.

NYSE:FII traded up $0.09 during mid-day trading on Friday, hitting $32.50. 1,695,799 shares of the stock were exchanged, compared to its average volume of 811,798. The stock has a market cap of $3.21 billion, a PE ratio of 13.60, a price-to-earnings-growth ratio of 1.92 and a beta of 0.81. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.11 and a quick ratio of 1.90. The stock’s 50-day moving average price is $31.49. Federated Investors Inc has a fifty-two week low of $22.06 and a fifty-two week high of $33.77.

Federated Investors (NYSE:FII) last announced its quarterly earnings data on Thursday, April 25th. The asset manager reported $0.54 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.02). The company had revenue of $307.10 million during the quarter, compared to analyst estimates of $309.09 million. Federated Investors had a net margin of 18.20% and a return on equity of 27.79%. Federated Investors’s revenue was up 16.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 earnings per share. As a group, equities analysts anticipate that Federated Investors Inc will post 2.4 EPS for the current fiscal year.

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.

Recommended Story: Commodities

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

Receive News & Ratings for Federated Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federated Investors and related companies with MarketBeat.com's FREE daily email newsletter.