ValuEngine upgraded shares of Federated Investors (NYSE:FII) from a hold rating to a buy rating in a research report sent to investors on Thursday morning.

Other equities analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Federated Investors from a hold rating to a buy rating and set a $30.00 price objective on the stock in a report on Tuesday, September 12th. Argus cut Federated Investors from a buy rating to a hold rating in a report on Monday, October 30th. Royal Bank Of Canada set a $29.00 price objective on Federated Investors and gave the company a hold rating in a report on Friday, October 27th. Deutsche Bank started coverage on Federated Investors in a report on Tuesday, October 17th. They set a hold rating and a $31.00 price objective on the stock. Finally, Jefferies Group reiterated a hold rating and set a $30.00 price objective (up previously from $29.00) on shares of Federated Investors in a report on Tuesday, October 10th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $28.75.

Federated Investors (NYSE FII) traded up $0.18 during trading hours on Thursday, hitting $33.74. The stock had a trading volume of 1,009,611 shares, compared to its average volume of 714,307. Federated Investors has a fifty-two week low of $24.93 and a fifty-two week high of $33.81. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.33 and a quick ratio of 1.89. The company has a market cap of $3,340.00, a PE ratio of 15.19, a PEG ratio of 2.93 and a beta of 1.56.

Federated Investors (NYSE:FII) last released its quarterly earnings data on Thursday, October 26th. The asset manager reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.03. Federated Investors had a return on equity of 34.54% and a net margin of 19.32%. The business had revenue of $278.32 million for the quarter, compared to analysts’ expectations of $278.51 million. During the same quarter in the previous year, the business posted $0.54 EPS. Federated Investors’s revenue for the quarter was down 5.5% on a year-over-year basis. equities analysts anticipate that Federated Investors will post 2.15 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 8th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date was Tuesday, November 7th. Federated Investors’s dividend payout ratio is presently 47.17%.

In related news, VP John B. Fisher sold 6,460 shares of Federated Investors stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $31.49, for a total value of $203,425.40. Following the sale, the vice president now owns 508,445 shares of the company’s stock, valued at approximately $16,010,933.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last three months, insiders sold 7,776 shares of company stock worth $244,827. 7.10% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio increased its position in shares of Federated Investors by 29.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 49,796 shares of the asset manager’s stock worth $1,479,000 after purchasing an additional 11,274 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Federated Investors during the 3rd quarter worth approximately $1,274,000. Sterling Capital Management LLC acquired a new position in shares of Federated Investors during the 3rd quarter worth approximately $1,984,000. California Public Employees Retirement System increased its position in shares of Federated Investors by 3.5% during the 3rd quarter. California Public Employees Retirement System now owns 234,434 shares of the asset manager’s stock worth $6,963,000 after purchasing an additional 8,034 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of Federated Investors by 16.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 119,107 shares of the asset manager’s stock worth $3,538,000 after purchasing an additional 16,839 shares during the last quarter. 85.48% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: This article was published by Watch List News and is the property of of Watch List News. If you are accessing this article on another site, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The original version of this article can be viewed at https://www.watchlistnews.com/federated-investors-fii-upgraded-by-valuengine-to-buy/1737784.html.

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.

Analyst Recommendations for Federated Investors (NYSE:FII)

Receive News & Ratings for Federated Investors Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federated Investors Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.