Federated Investors, Inc. (FII) Lifted to Buy at Zacks Investment Research
Zacks Investment Research upgraded shares of Federated Investors, Inc. (NYSE:FII) from a hold rating to a buy rating in a research report released on Tuesday. They currently have $34.00 target price on the asset manager’s stock.
According to Zacks, “Shares of Federated have outperformed the industry over the last three months. Also, the company boasts an impressive earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in all the trailing four quarters. The company’s third-quarter results reflected decline in expenses and a strong liquidity position, partially offset by lower revenues. Rise in interest rates and lower fee waivers are expected to aid top-line performance, moving ahead. Also, Federated’s inorganic growth strategies encourage us. Though mounting expenses remain a major concern, the company’s active involvement in capital deployment activities continues to boost investors’ confidence.”
Several other brokerages have also issued reports on FII. BidaskClub lowered Federated Investors from a hold rating to a sell rating in a report on Tuesday, August 1st. Citigroup Inc. increased their target price on shares of Federated Investors from $22.00 to $24.00 and gave the stock a sell rating in a research report on Tuesday. Royal Bank Of Canada set a $29.00 target price on shares of Federated Investors and gave the stock a hold rating in a research report on Friday, October 27th. Keefe, Bruyette & Woods reissued a sell rating and set a $27.00 target price on shares of Federated Investors in a research report on Thursday, August 3rd. Finally, Jefferies Group LLC reissued a hold rating and set a $30.00 target price (up from $29.00) on shares of Federated Investors in a research report on Tuesday, October 10th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of Hold and an average target price of $28.75.
Federated Investors (FII) traded up $0.31 during mid-day trading on Tuesday, reaching $31.55. 537,135 shares of the company traded hands, compared to its average volume of 775,886. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.87 and a current ratio of 3.33. The stock has a market cap of $3.21 billion, a P/E ratio of 15.14, a PEG ratio of 2.95 and a beta of 1.56.
Federated Investors (NYSE:FII) last announced its quarterly earnings data on Thursday, October 26th. The asset manager reported $0.56 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $278.51 million. During the same period last year, the company earned $0.54 earnings per share. Federated Investors’s quarterly revenue was down 5.5% compared to the same quarter last year. research analysts forecast that Federated Investors will post 2.13 EPS for the current year.
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The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 8th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend is Tuesday, November 7th. Federated Investors’s dividend payout ratio (DPR) is presently 47.62%.
In related news, VP John B. Fisher sold 6,460 shares of Federated Investors stock in a transaction dated 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 directly owns 508,445 shares of the company’s stock, valued at $16,010,933.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last three months, insiders have sold 7,776 shares of company stock worth $244,827. 7.10% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Bessemer Group Inc. bought a new position in Federated Investors during the third quarter worth about $126,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake 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 worth $127,000 after purchasing an additional 358 shares during the period. Advisory Services Network LLC lifted its stake in 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 purchasing an additional 511 shares during the period. Cornerstone Capital Management Holdings LLC. bought a new position in Federated Investors during the second quarter worth about $176,000. Finally, Advisor Group Inc. lifted its stake in 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 purchasing an additional 565 shares during the period. Hedge funds and other institutional investors own 83.27% 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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