Brokerages Set Federated Investors, Inc. (FII) PT at $28.75
Shares of Federated Investors, Inc. (NYSE:FII) have been assigned a consensus recommendation of “Hold” from the eleven ratings firms that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $28.75.
Several equities analysts have commented on the company. ValuEngine upgraded Federated Investors from a “hold” rating to a “buy” rating in a research report on Monday, November 6th. Deutsche Bank AG assumed coverage on Federated Investors in a research report on Tuesday, October 17th. They issued a “hold” rating and a $31.00 target price for the company. Royal Bank Of Canada set a $28.00 target price on Federated Investors and gave the company a “hold” rating in a research report on Wednesday, October 18th. Keefe, Bruyette & Woods reiterated a “sell” rating and issued a $31.00 target price on shares of Federated Investors in a research report on Wednesday, November 1st. Finally, Argus downgraded Federated Investors from a “buy” rating to a “hold” rating in a research report on Monday, October 30th.
Shares of Federated Investors (NYSE:FII) traded up $0.01 during mid-day trading on Monday, hitting $31.38. The company had a trading volume of 367,536 shares, compared to its average volume of 708,309. The company has a current ratio of 3.33, a quick ratio of 1.89 and a debt-to-equity ratio of 0.27. Federated Investors has a twelve month low of $24.93 and a twelve month high of $31.82. The company has a market cap of $3,170.00, a P/E ratio of 14.94, a P/E/G ratio of 2.88 and a beta of 1.56.
Federated Investors (NYSE:FII) last posted its earnings results on Thursday, October 26th. The asset manager reported $0.56 EPS for the quarter, beating the consensus estimate of $0.53 by $0.03. The firm had revenue of $278.32 million during the quarter, compared to the consensus estimate of $278.51 million. Federated Investors had a return on equity of 34.54% and a net margin of 19.32%. The business’s quarterly revenue was down 5.5% on a year-over-year basis. During the same period last year, the company earned $0.54 earnings per share. analysts anticipate that Federated Investors will post 2.15 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 8th were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, November 7th. This represents a $1.00 annualized dividend and a yield of 3.19%. Federated Investors’s dividend payout ratio is presently 47.17%.
In other Federated Investors news, VP John B. Fisher sold 6,460 shares of the stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $31.49, for a total value of $203,425.40. Following the completion of the transaction, the vice president now directly owns 508,445 shares in the company, valued at $16,010,933.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 7,776 shares of company stock valued at $244,827 over the last quarter. Corporate insiders own 7.10% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Bessemer Group Inc. bought a new position in shares of Federated Investors during the third quarter worth about $126,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Federated Investors by 8.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,484 shares of the asset manager’s stock worth $127,000 after acquiring an additional 358 shares during the last quarter. Advisory Services Network LLC raised its position in shares of Federated Investors by 9.4% during the second quarter. Advisory Services Network LLC now owns 5,968 shares of the asset manager’s stock worth $169,000 after acquiring an additional 511 shares during the last quarter. Cornerstone Capital Management Holdings LLC. bought a new position in shares of Federated Investors during the second quarter worth about $176,000. Finally, Advisor Group Inc. raised its position in shares of Federated Investors by 9.9% during the second quarter. Advisor Group Inc. now owns 6,300 shares of the asset manager’s stock worth $177,000 after acquiring an additional 565 shares during the last quarter. Institutional investors own 84.47% of the company’s stock.
Federated Investors Company Profile
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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