Janney Montgomery Scott LLC trimmed its holdings in shares of Federated Investors Inc (NYSE:FII) by 16.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 90,800 shares of the asset manager’s stock after selling 17,442 shares during the period. Janney Montgomery Scott LLC owned approximately 0.09% of Federated Investors worth $2,152,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank bought a new position in Federated Investors during the fourth quarter valued at about $40,153,000. Eagle Ridge Investment Management bought a new position in Federated Investors during the first quarter valued at about $6,631,000. Fuller & Thaler Asset Management Inc. boosted its stake in Federated Investors by 46,368.1% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 313,660 shares of the asset manager’s stock valued at $5,975,000 after buying an additional 312,985 shares in the last quarter. Artemis Investment Management LLP bought a new position in Federated Investors during the first quarter valued at about $5,722,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in Federated Investors during the first quarter valued at about $5,187,000. 82.16% of the stock is currently owned by institutional investors.
Shares of FII stock opened at $26.36 on Friday. The stock has a 50-day simple moving average of $23.16 and a 200 day simple moving average of $25.25. Federated Investors Inc has a fifty-two week low of $25.68 and a fifty-two week high of $36.91. The stock has a market capitalization of $2.67 billion, a P/E ratio of 9.80, a P/E/G ratio of 2.09 and a beta of 0.73. The company has a quick ratio of 1.59, a current ratio of 2.00 and a debt-to-equity ratio of 0.10.
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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