Federated Investors (NYSE:FII) had its target price boosted by Citigroup from $31.00 to $32.00 in a research report released on Tuesday morning, BenzingaRatingsTable reports. Citigroup currently has a neutral rating on the asset manager’s stock.

Several other research analysts have also recently weighed in on the stock. JPMorgan Chase & Co. cut shares of Sinopec Shanghai Petrochemical from an overweight rating to an underweight rating in a research note on Monday, June 10th. ValuEngine upgraded shares of Vistra Energy from a hold rating to a buy rating in a report on Wednesday, July 3rd. Bank of America set a $180.00 price target on shares of CME Group and gave the company a hold rating in a report on Tuesday, April 9th. Finally, Zacks Investment Research downgraded shares of Hersha Hospitality Trust from a buy rating to a hold rating in a report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $30.00.

Shares of Federated Investors stock opened at $33.80 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.11 and a quick ratio of 1.90. The company has a 50-day moving average price of $32.08. The company has a market cap of $3.42 billion, a price-to-earnings ratio of 14.14, a price-to-earnings-growth ratio of 2.03 and a beta of 0.81. Federated Investors has a one year low of $22.06 and a one year high of $33.96.

Federated Investors (NYSE:FII) last posted its quarterly earnings results on Thursday, April 25th. The asset manager reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.02). Federated Investors had a net margin of 18.20% and a return on equity of 27.79%. The business had revenue of $307.10 million for the quarter, compared to analysts’ expectations of $309.09 million. During the same quarter in the previous year, the company earned $0.60 earnings per share. The business’s quarterly revenue was up 16.4% on a year-over-year basis. On average, sell-side analysts predict that Federated Investors will post 2.41 earnings per share for the current fiscal year.

In related news, VP Meter Stephen Van sold 2,284 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $30.73, for a total value of $70,187.32. Following the sale, the vice president now directly owns 24,058 shares in the company, valued at approximately $739,302.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Paul A. Uhlman sold 1,007 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $31.82, for a total transaction of $32,042.74. Following the completion of the transaction, the vice president now owns 235,364 shares in the company, valued at $7,489,282.48. The disclosure for this sale can be found here. Insiders sold a total of 103,549 shares of company stock worth $3,204,195 over the last ninety days. Corporate insiders own 5.50% of the company’s stock.

A number of large investors have recently modified their holdings of FII. Country Club Trust Company n.a. increased its stake in Federated Investors by 9.5% in the 2nd quarter. Country Club Trust Company n.a. now owns 308,609 shares of the asset manager’s stock worth $10,029,000 after purchasing an additional 26,667 shares in the last quarter. Retirement Systems of Alabama raised its stake in shares of Federated Investors by 0.3% in the 2nd quarter. Retirement Systems of Alabama now owns 125,071 shares of the asset manager’s stock valued at $4,065,000 after acquiring an additional 424 shares in the last quarter. WINTON GROUP Ltd bought a new position in shares of Federated Investors in the 2nd quarter valued at approximately $413,000. FMR LLC raised its stake in shares of Federated Investors by 40.5% in the 1st quarter. FMR LLC now owns 2,266 shares of the asset manager’s stock valued at $66,000 after acquiring an additional 653 shares in the last quarter. Finally, GYL Financial Synergies LLC bought a new position in Federated Investors in the 1st quarter worth approximately $1,216,000. 82.97% of the stock is owned by institutional investors.

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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Analyst Recommendations for Federated Investors (NYSE:FII)

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