Federated Investors (FII) Hits New 1-Year High at $35.44
Federated Investors, Inc. (NYSE:FII)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $35.44 and last traded at $34.79, with a volume of 784500 shares changing hands. The stock had previously closed at $34.77.
Several research firms have recently issued reports on FII. ValuEngine raised Federated Investors from a “hold” rating to a “buy” rating in a report on Thursday, November 30th. Deutsche Bank assumed coverage on Federated Investors in a report on Tuesday, October 17th. They set a “hold” rating and a $31.00 price objective for the company. Royal Bank of Canada set a $28.00 price objective on Federated Investors and gave the company a “hold” rating in a report on Wednesday, October 18th. Keefe, Bruyette & Woods reissued a “sell” rating and set a $31.00 price objective on shares of Federated Investors in a report on Wednesday, November 1st. Finally, Zacks Investment Research lowered Federated Investors from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $28.75.
The company has a market cap of $3,508.43, a PE ratio of 16.56, a PEG ratio of 3.29 and a beta of 1.57. The company has a quick ratio of 1.89, a current ratio of 3.33 and a debt-to-equity ratio of 0.27.
Federated Investors (NYSE:FII) last posted its earnings results on Thursday, October 26th. The asset manager reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.03. The firm had revenue of $278.32 million for 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 quarter in the prior year, the business posted $0.54 earnings per share. equities analysts expect that Federated Investors, Inc. will post 2.15 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 8th were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, November 7th. This represents a $1.00 annualized dividend and a dividend yield of 2.87%. Federated Investors’s dividend payout ratio is currently 47.62%.
In other Federated Investors news, VP John B. Fisher sold 6,460 shares of the stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $31.49, for a total transaction of $203,425.40. Following the sale, the vice president now owns 508,445 shares in the company, valued at $16,010,933.05. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last 90 days, insiders have sold 7,776 shares of company stock worth $244,827. Company insiders own 7.10% of the company’s stock.
Several hedge funds have recently modified their holdings of the stock. Suntrust Banks Inc. raised its position in shares of Federated Investors by 2.4% in the second quarter. Suntrust Banks Inc. now owns 11,374 shares of the asset manager’s stock worth $321,000 after buying an additional 269 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Federated Investors by 8.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,484 shares of the asset manager’s stock valued at $127,000 after purchasing an additional 358 shares in the last quarter. State of Wisconsin Investment Board raised its position in Federated Investors by 2.0% during the second quarter. State of Wisconsin Investment Board now owns 18,919 shares of the asset manager’s stock valued at $534,000 after purchasing an additional 370 shares in the last quarter. Northwestern Mutual Investment Management Company LLC raised its position in Federated Investors by 2.4% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 16,335 shares of the asset manager’s stock valued at $470,000 after purchasing an additional 387 shares in the last quarter. Finally, Utah Retirement Systems raised its position in Federated Investors by 2.4% during the second quarter. Utah Retirement Systems now owns 17,346 shares of the asset manager’s stock valued at $490,000 after purchasing an additional 400 shares in the last quarter. Institutional investors own 85.61% 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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