BidaskClub Lowers Federated Investors, Inc. (FII) to Hold
BidaskClub lowered shares of Federated Investors, Inc. (NYSE:FII) from a buy rating to a hold rating in a report released on Tuesday morning.
A number of other research analysts also recently weighed in on FII. Keefe, Bruyette & Woods reiterated a hold rating on shares of Federated Investors in a report on Tuesday, April 4th. Zacks Investment Research downgraded Federated Investors from a hold rating to a sell rating in a report on Tuesday, April 4th. J P Morgan Chase & Co upgraded Federated Investors from an underweight rating to a neutral rating and set a $24.00 target price on the stock in a report on Thursday, May 25th. ValuEngine downgraded Federated Investors from a buy rating to a hold rating in a report on Friday, June 2nd. Finally, Citigroup Inc. downgraded Federated Investors from a neutral rating to a sell rating and reduced their target price for the stock from $26.00 to $24.00 in a report on Monday, June 5th. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $24.86.
Shares of Federated Investors (NYSE:FII) traded down 3.26% during midday trading on Tuesday, reaching $28.23. The company’s stock had a trading volume of 1,117,082 shares. Federated Investors has a 52-week low of $24.52 and a 52-week high of $33.13. The stock has a 50-day moving average price of $28.44 and a 200-day moving average price of $26.99. The stock has a market cap of $2.75 billion, a price-to-earnings ratio of 13.44 and a beta of 1.41.
Federated Investors (NYSE:FII) last posted its earnings results on Thursday, July 27th. The asset manager reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.03. Federated Investors had a return on equity of 33.96% and a net margin of 18.91%. The firm had revenue of $272.80 million for the quarter, compared to the consensus estimate of $278.51 million. During the same quarter in the prior year, the business earned $0.51 EPS. The business’s revenue for the quarter was down 4.8% on a year-over-year basis. Equities research analysts anticipate that Federated Investors will post $2.02 earnings per share for the current fiscal year.
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In related news, insider Richard A. Novak sold 2,700 shares of the company’s stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $27.70, for a total value of $74,790.00. Following the sale, the insider now owns 44,741 shares in the company, valued at approximately $1,239,325.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 7.10% of the company’s stock.
Several hedge funds have recently bought and sold shares of FII. BlackRock Inc. increased its stake in Federated Investors by 15,254.4% in the first quarter. BlackRock Inc. now owns 9,951,364 shares of the asset manager’s stock valued at $262,118,000 after buying an additional 9,886,553 shares during the last quarter. FMR LLC increased its stake in Federated Investors by 0.3% in the first quarter. FMR LLC now owns 8,791,769 shares of the asset manager’s stock valued at $231,575,000 after buying an additional 29,992 shares during the last quarter. Vanguard Group Inc. increased its stake in Federated Investors by 1.7% in the first quarter. Vanguard Group Inc. now owns 8,094,838 shares of the asset manager’s stock valued at $213,218,000 after buying an additional 135,042 shares during the last quarter. Royce & Associates LP increased its stake in Federated Investors by 11.8% in the first quarter. Royce & Associates LP now owns 4,330,939 shares of the asset manager’s stock valued at $114,077,000 after buying an additional 458,715 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its stake in Federated Investors by 2.5% in the second quarter. Great West Life Assurance Co. Can now owns 3,559,839 shares of the asset manager’s stock valued at $100,345,000 after buying an additional 86,778 shares during the last quarter. Institutional investors own 84.79% of the company’s stock.
About Federated Investors
Federated Investors, Inc (Federated) is a provider of investment management products and related financial services. Federated operates through investment management business segment. It is engaged in sponsoring, marketing and providing investment-related services to various investment products, including mutual funds and Separate Accounts, which include separately managed accounts, institutional accounts, sub-advised funds and other managed products.
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