Texas Permanent School Fund lowered its position in Federated Investors Inc (NYSE:FII) by 7.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,762 shares of the asset manager’s stock after selling 5,972 shares during the quarter. Texas Permanent School Fund’s holdings in Federated Investors were worth $1,796,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently made changes to their positions in the business. Quantitative Systematic Strategies LLC bought a new stake in Federated Investors in the second quarter valued at approximately $664,000. ProShare Advisors LLC lifted its position in Federated Investors by 72.6% in the second quarter. ProShare Advisors LLC now owns 26,313 shares of the asset manager’s stock valued at $624,000 after purchasing an additional 11,064 shares during the last quarter. Comerica Bank lifted its position in Federated Investors by 5.7% in the second quarter. Comerica Bank now owns 64,603 shares of the asset manager’s stock valued at $1,536,000 after purchasing an additional 3,487 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in Federated Investors in the second quarter valued at approximately $202,000. Finally, Mackay Shields LLC lifted its position in Federated Investors by 46.3% in the second quarter. Mackay Shields LLC now owns 150,300 shares of the asset manager’s stock valued at $3,562,000 after purchasing an additional 47,600 shares during the last quarter. Hedge funds and other institutional investors own 82.16% of the company’s stock.
Shares of FII stock opened at $26.06 on Tuesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.59 and a current ratio of 2.00. 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 50 day moving average price of $24.04 and a two-hundred day moving average price of $24.58. The company has a market capitalization of $2.64 billion, a P/E ratio of 9.69, a PEG ratio of 2.09 and a beta of 0.73.
Federated Investors Company 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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