Federated Investors, Inc. (FII) Upgraded at Zacks Investment Research
Federated Investors, Inc. (NYSE:FII) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday. The firm currently has a $34.00 price objective on the asset manager’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 10.79% from the stock’s current price.
According to Zacks, “Shares of Federated have underperformed the industry over the last six months. Yet, the company boasts an impressive earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in all the trailing four quarters. 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. Further, the company’s active involvement in capital deployment activities continues to inspire investors’ confidence. However, mounting expenses are a major concern. Also, strict regulations for investment management companies remain a headwind.”
Several other brokerages also recently commented on FII. Jefferies Group LLC reaffirmed a “hold” rating and set a $30.00 price objective (up previously from $29.00) on shares of Federated Investors in a research report on Tuesday. BidaskClub downgraded shares of Federated Investors from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Keefe, Bruyette & Woods reaffirmed a “sell” rating and set a $28.00 price objective on shares of Federated Investors in a research report on Friday, July 14th. Royal Bank Of Canada set a $28.00 price objective on shares of Federated Investors and gave the stock a “hold” rating in a research report on Friday, July 28th. Finally, Credit Suisse Group reduced their price target on shares of Federated Investors from $29.00 to $27.00 and set a “neutral” rating for the company in a research report on Friday, August 11th. Three research analysts have rated the stock with a sell rating, five 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 a consensus target price of $27.71.
Shares of Federated Investors (NYSE FII) traded up 1.01% on Tuesday, reaching $31.00. 419,158 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $28.19 and its 200-day moving average price is $27.46. The stock has a market cap of $3.03 billion, a P/E ratio of 14.76 and a beta of 1.45. Federated Investors has a 52-week low of $24.52 and a 52-week high of $31.15.
Federated Investors (NYSE:FII) last announced its quarterly earnings data on Thursday, July 27th. The asset manager reported $0.53 EPS for the quarter, topping the consensus estimate of $0.50 by $0.03. The company had revenue of $272.80 million during the quarter, compared to the consensus estimate of $278.51 million. Federated Investors had a net margin of 18.91% and a return on equity of 33.93%. The company’s quarterly revenue was down 4.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.51 EPS. Equities analysts forecast that Federated Investors will post $2.07 EPS for the current fiscal year.
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In related news, VP John B. Fisher sold 5,041 shares of Federated Investors 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 completion of the sale, the vice president now owns 514,905 shares of the company’s stock, valued at approximately $14,401,892.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 7.10% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of FII. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Federated Investors by 8.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,484 shares of the asset manager’s stock valued at $127,000 after purchasing an additional 358 shares during the period. FNY Partners Fund LP acquired a new stake in Federated Investors in the 1st quarter valued at $131,000. Advisory Services Network LLC lifted its stake in Federated Investors by 9.4% during the 2nd quarter. Advisory Services Network LLC now owns 5,968 shares of the asset manager’s stock valued at $169,000 after acquiring an additional 511 shares in the last quarter. Cornerstone Capital Management Holdings LLC. bought a new position in Federated Investors during the 2nd quarter valued at $176,000. Finally, Advisor Group Inc. lifted its stake in Federated Investors by 9.9% during the 2nd quarter. Advisor Group Inc. now owns 6,300 shares of the asset manager’s stock valued at $177,000 after acquiring an additional 565 shares in the last quarter. 82.90% of the stock is owned by institutional investors and hedge funds.
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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