Federated Investors, Inc. (FII) Now Covered by Analysts at Deutsche Bank AG
Deutsche Bank AG started coverage on shares of Federated Investors, Inc. (NYSE:FII) in a report published on Tuesday morning. The brokerage issued a hold rating and a $31.00 price target on the asset manager’s stock.
FII has been the topic of a number of other reports. Royal Bank Of Canada started coverage on shares of Federated Investors in a research note on Thursday, June 29th. They issued a sector perform rating and a $27.00 price objective on the stock. BidaskClub lowered shares of Federated Investors from a hold rating to a sell rating in a research note on Tuesday, August 1st. Zacks Investment Research lowered shares of Federated Investors from a buy rating to a hold rating in a research note on Thursday, July 13th. Finally, Credit Suisse Group cut their target price on shares of Federated Investors from $29.00 to $27.00 and set a neutral rating on the stock in a research note on Friday, August 11th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $28.13.
Shares of Federated Investors (NYSE:FII) traded up 0.03% during trading on Tuesday, hitting $31.10. 50,622 shares of the stock were exchanged. The stock has a market cap of $3.03 billion, a P/E ratio of 14.81 and a beta of 1.45. Federated Investors has a 52 week low of $24.52 and a 52 week high of $31.58. The firm’s 50 day moving average price is $28.74 and its 200-day moving average price is $27.62.
Federated Investors (NYSE:FII) last posted its quarterly earnings data on Thursday, July 27th. The asset manager reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.03. Federated Investors had a net margin of 18.91% and a return on equity of 33.93%. The company had revenue of $272.80 million for the quarter, compared to analyst estimates of $278.51 million. During the same period in the prior year, the firm posted $0.51 EPS. The company’s quarterly revenue was down 4.8% on a year-over-year basis. On average, analysts predict that Federated Investors will post $2.07 EPS for the current year.
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In other Federated Investors news, VP John B. Fisher sold 5,041 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $27.97, for a total value of $140,996.77. Following the transaction, the vice president now directly owns 514,905 shares of the company’s stock, valued at $14,401,892.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 7.10% of the stock is currently owned by company insiders.
Several hedge funds have recently made changes to their positions in the company. Eqis Capital Management Inc. purchased a new stake in shares of Federated Investors in the third quarter valued at about $446,000. Park National Corp OH purchased a new stake in Federated Investors during the third quarter worth about $207,000. Advisory Services Network LLC increased its holdings 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 buying an additional 511 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in Federated Investors by 6.1% during the second quarter. Public Employees Retirement System of Ohio now owns 38,522 shares of the asset manager’s stock worth $1,088,000 after buying an additional 2,205 shares during the last quarter. Finally, Verition Fund Management LLC purchased a new stake in Federated Investors during the second quarter worth about $395,000. Institutional investors own 82.91% 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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