Federated Investors, Inc. (FII) PT Raised to $24.00
Federated Investors, Inc. (NYSE:FII) had its target price lifted by Citigroup Inc from $22.00 to $24.00 in a report issued on Tuesday morning. The brokerage currently has a sell rating on the asset manager’s stock.
FII has been the topic of several other research reports. Argus lowered Federated Investors from a buy rating to a hold rating in a research note on Monday, October 30th. Zacks Investment Research raised Federated Investors from a hold rating to a buy rating and set a $32.00 target price on the stock in a research note on Tuesday, July 4th. ValuEngine raised Federated Investors from a hold rating to a buy rating in a research note on Thursday, October 26th. BidaskClub lowered Federated Investors from a sell rating to a strong sell rating in a research note on Monday, August 14th. Finally, Credit Suisse Group cut their target price on 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 analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $28.75.
Shares of Federated Investors (FII) traded up $0.31 on Tuesday, hitting $31.55. 537,135 shares of the stock traded hands, compared to its average volume of 775,886. The company has a current ratio of 3.33, a quick ratio of 1.87 and a debt-to-equity ratio of 0.27. The stock has a market cap of $3.21 billion, a PE ratio of 15.14, a PEG ratio of 2.95 and a beta of 1.56.
Federated Investors (NYSE:FII) last released its earnings results on Thursday, October 26th. The asset manager reported $0.56 earnings per share for the quarter, beating the 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 firm had revenue of $278.32 million for the quarter, compared to analyst estimates of $278.51 million. During the same quarter in the prior year, the firm posted $0.54 earnings per share. The company’s quarterly revenue was down 5.5% on a year-over-year basis. analysts anticipate that Federated Investors will post 2.13 earnings per share for the current year.
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The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 8th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, November 7th. This represents a $1.00 annualized dividend and a dividend yield of 3.17%. Federated Investors’s dividend payout ratio (DPR) is currently 47.62%.
In other Federated Investors news, VP John B. Fisher sold 6,460 shares of the stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $31.49, for a total value of $203,425.40. Following the completion of the sale, the vice president now directly owns 508,445 shares in the company, valued at $16,010,933.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 7,776 shares of company stock valued at $244,827 over the last 90 days. Corporate insiders own 7.10% of the company’s stock.
Several large investors have recently bought and sold shares of the stock. FDx Advisors Inc. bought a new position in shares of Federated Investors during the third quarter worth about $245,000. Bessemer Group Inc. bought a new position in Federated Investors during the 3rd quarter worth $126,000. Principal Financial Group Inc. increased its stake in Federated Investors by 3.3% during the 3rd quarter. Principal Financial Group Inc. now owns 413,855 shares of the asset manager’s stock worth $12,292,000 after acquiring an additional 13,331 shares during the period. Prudential Financial Inc. increased its stake in Federated Investors by 90.4% during the 3rd quarter. Prudential Financial Inc. now owns 211,082 shares of the asset manager’s stock worth $6,269,000 after acquiring an additional 100,240 shares during the period. Finally, Northwest Investment Counselors LLC increased its stake in Federated Investors by 4.3% during the 3rd quarter. Northwest Investment Counselors LLC now owns 61,258 shares of the asset manager’s stock worth $1,819,000 after acquiring an additional 2,531 shares during the period. Institutional investors and hedge funds own 83.27% 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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