Sound View Wealth Advisors Group LLC Buys 503 Shares of Federated Investors Inc (NYSE:FII)

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Sound View Wealth Advisors Group LLC boosted its stake in shares of Federated Investors Inc (NYSE:FII) by 4.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,145 shares of the asset manager’s stock after acquiring an additional 503 shares during the quarter. Sound View Wealth Advisors Group LLC’s holdings in Federated Investors were worth $288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in the business. New York State Common Retirement Fund lifted its position in Federated Investors by 30.9% in the second quarter. New York State Common Retirement Fund now owns 119,780 shares of the asset manager’s stock valued at $2,839,000 after purchasing an additional 28,264 shares during the last quarter. US Bancorp DE increased its stake in shares of Federated Investors by 278.2% in the second quarter. US Bancorp DE now owns 5,019 shares of the asset manager’s stock worth $119,000 after buying an additional 3,692 shares during the period. Mutual of America Capital Management LLC raised its holdings in Federated Investors by 0.8% during the 2nd quarter. Mutual of America Capital Management LLC now owns 90,013 shares of the asset manager’s stock valued at $2,133,000 after buying an additional 675 shares during the last quarter. Jennison Associates LLC boosted its position in Federated Investors by 9.7% during the 2nd quarter. Jennison Associates LLC now owns 44,250 shares of the asset manager’s stock valued at $1,049,000 after buying an additional 3,909 shares during the period. Finally, Smith Asset Management Group LP boosted its position in Federated Investors by 256.4% during the 2nd quarter. Smith Asset Management Group LP now owns 8,590 shares of the asset manager’s stock valued at $204,000 after buying an additional 6,180 shares during the period. 82.16% of the stock is currently owned by institutional investors and hedge funds.

NYSE FII traded up $0.04 on Thursday, hitting $25.58. The company’s stock had a trading volume of 423,197 shares, compared to its average volume of 557,414. The firm has a market cap of $2.59 billion, a P/E ratio of 9.51, a PEG ratio of 2.09 and a beta of 0.73. Federated Investors Inc has a 52-week low of $25.68 and a 52-week high of $36.91. The company’s 50-day simple moving average is $24.20 and its 200 day simple moving average is $24.50. The company has a current ratio of 2.00, a quick ratio of 1.59 and a debt-to-equity ratio of 0.10.

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

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