Federated Investors (FII) Upgraded by ValuEngine to “Buy”
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.
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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