Federated Investors Given “Neutral” Rating at Citigroup Inc. (FII)
Federated Investors (NYSE:FII)‘s stock had its “neutral” rating reiterated by equities research analysts at Citigroup Inc. in a research note issued to investors on Monday. They currently have a $30.00 target price on the stock, down from their previous target price of $33.00. Citigroup Inc.’s price target suggests a potential upside of 3.81% from the company’s current price.
Federated Investors (NYSE:FII) traded up 0.45% during mid-day trading on Monday, hitting $28.90. The stock had a trading volume of 609,209 shares. Federated Investors has a 52 week low of $25.50 and a 52 week high of $31.48. The stock’s 50-day moving average is $30.12 and its 200-day moving average is $28.76. The company has a market cap of $2.913 billion and a P/E ratio of 19.98.
Federated Investors (NYSE:FII) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.35 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.36 by $0.01. The company had revenue of $213.00 million for the quarter, compared to the consensus estimate of $213.13 million. During the same quarter last year, the company posted $0.39 earnings per share. Federated Investors’s revenue was down 4.8% compared to the same quarter last year. On average, analysts predict that Federated Investors will post $1.47 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 15th. Investors of record on Friday, August 8th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.46%.
FII has been the subject of a number of other recent research reports. Analysts at Keefe, Bruyette & Woods cut their price target on shares of Federated Investors from $30.00 to $28.00 in a research note on Monday. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Federated Investors from $25.00 to $26.50 in a research note on Tuesday, July 1st. They now have an “underweight” rating on the stock. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $27.55.
Federated Investors, Inc(NYSE:FII)is a provider of investment management products and related financial services.
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