Federated Investors, Inc. to Post FY2017 Earnings of $2.17 Per Share, Jefferies Group Forecasts (FII)
Federated Investors, Inc. (NYSE:FII) – Equities research analysts at Jefferies Group boosted their FY2017 earnings per share estimates for Federated Investors in a research report issued to clients and investors on Tuesday. Jefferies Group analyst S. Thind now expects that the asset manager will post earnings of $2.17 per share for the year, up from their prior forecast of $2.08. Jefferies Group currently has a “Hold” rating and a $30.00 price target on the stock. Jefferies Group also issued estimates for Federated Investors’ Q4 2017 earnings at $0.59 EPS, Q1 2018 earnings at $0.54 EPS, Q2 2018 earnings at $0.56 EPS, Q3 2018 earnings at $0.58 EPS, Q4 2018 earnings at $0.58 EPS, FY2018 earnings at $2.25 EPS and FY2019 earnings at $2.32 EPS.
Federated Investors (NYSE:FII) last issued its earnings results on Thursday, October 26th. The asset manager reported $0.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.03. The company had revenue of $278.32 million for the quarter, compared to analysts’ expectations of $278.51 million. Federated Investors had a net margin of 19.32% and a return on equity of 34.54%. The firm’s revenue was down 5.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.54 earnings per share.
Other equities analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Federated Investors from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Tuesday, September 12th. ValuEngine upgraded shares of Federated Investors from a “hold” rating to a “buy” rating in a research report on Thursday, October 26th. Royal Bank Of Canada set a $28.00 price target on shares of Federated Investors and gave the stock a “hold” rating in a research report on Wednesday, October 18th. Deutsche Bank AG initiated coverage on shares of Federated Investors in a research report on Tuesday, October 17th. They set a “hold” rating and a $31.00 price target for the company. Finally, BidaskClub lowered shares of Federated Investors from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $28.75.
Federated Investors (NYSE:FII) traded up $0.07 during trading on Friday, hitting $30.92. 731,975 shares of the stock traded hands, compared to its average volume of 717,409. The company has a market capitalization of $3,120.00, a price-to-earnings ratio of 14.66, a P/E/G ratio of 2.86 and a beta of 1.56. The company has a quick ratio of 1.89, a current ratio of 3.33 and a debt-to-equity ratio of 0.27. Federated Investors has a fifty-two week low of $24.93 and a fifty-two week high of $31.82.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bessemer Group Inc. bought a new position in Federated Investors during the third quarter valued at approximately $126,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position 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 valued at $127,000 after acquiring an additional 358 shares in the last quarter. Advisory Services Network LLC raised its position 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 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 second quarter valued at approximately $176,000. Finally, Advisor Group Inc. raised its position in Federated Investors by 9.9% during the second 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. 83.84% of the stock is owned by institutional investors and hedge funds.
In other Federated Investors news, VP John B. Fisher sold 6,460 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $31.49, for a total transaction of $203,425.40. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 7,776 shares of company stock valued at $244,827 over the last ninety days. Insiders own 7.10% of the company’s stock.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 8th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date was Tuesday, November 7th. Federated Investors’s dividend payout ratio is presently 47.17%.
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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