Federated Investors Inc (FII) Receives $31.50 Average Target Price from Brokerages
Shares of Federated Investors Inc (NYSE:FII) have received an average rating of “Hold” from the eleven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $31.50.
Several brokerages recently weighed in on FII. ValuEngine cut Federated Investors from a “buy” rating to a “hold” rating in a report on Sunday, November 12th. Royal Bank of Canada increased their price objective on Federated Investors to $37.00 and gave the stock a “sector perform” rating in a report on Monday, January 29th. Zacks Investment Research upgraded Federated Investors from a “hold” rating to a “strong-buy” rating and set a $41.00 price objective for the company in a report on Thursday, January 4th. Finally, JPMorgan Chase & Co. cut Federated Investors from a “neutral” rating to an “underweight” rating and set a $31.00 price objective for the company. in a report on Monday, January 8th.
In other Federated Investors news, CFO Thomas R. Donahue sold 30,000 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $34.79, for a total value of $1,043,700.00. Following the completion of the sale, the chief financial officer now owns 634,044 shares in the company, valued at approximately $22,058,390.76. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Peter J. Germain sold 9,654 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $36.04, for a total value of $347,930.16. Following the completion of the sale, the executive vice president now owns 68,987 shares of the company’s stock, valued at approximately $2,486,291.48. The disclosure for this sale can be found here. Company insiders own 7.10% of the company’s stock.
Shares of Federated Investors (FII) traded up $1.28 during mid-day trading on Wednesday, reaching $33.21. The company had a trading volume of 2,647,142 shares, compared to its average volume of 998,151. The stock has a market cap of $3,221.86, a PE ratio of 11.49, a PEG ratio of 1.24 and a beta of 1.36. Federated Investors has a 52 week low of $24.93 and a 52 week high of $36.76. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.39 and a quick ratio of 1.89.
Federated Investors (NYSE:FII) last issued its earnings results on Thursday, January 25th. The asset manager reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.03. The company had revenue of $278.31 million during the quarter, compared to analysts’ expectations of $283.45 million. Federated Investors had a return on equity of 33.23% and a net margin of 26.42%. Federated Investors’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.52 EPS. research analysts anticipate that Federated Investors will post 2.78 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Thursday, February 8th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend was Wednesday, February 7th. Federated Investors’s dividend payout ratio (DPR) is currently 34.60%.
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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