Federated Investors Inc (FII) Raised to Neutral at JPMorgan Chase & Co.
Federated Investors Inc (NYSE:FII) was upgraded by research analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research note issued on Thursday, The Fly reports.
A number of other brokerages have also recently weighed in on FII. Zacks Investment Research upgraded Federated Investors from a “sell” rating to a “hold” rating in a research report on Wednesday, March 8th. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Federated Investors in a research report on Tuesday, April 4th. Citigroup Inc dropped their price target on Federated Investors from $28.50 to $28.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 25th. Finally, Jefferies Group LLC upgraded Federated Investors from an “underperform” rating to a “hold” rating and set a $11.00 price target on the stock in a research report on Friday, March 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. Federated Investors currently has an average rating of “Hold” and an average target price of $25.40.
Federated Investors (NYSE:FII) opened at 25.68 on Thursday. Federated Investors has a 1-year low of $24.52 and a 1-year high of $33.13. The stock has a market cap of $2.51 billion, a P/E ratio of 12.34 and a beta of 1.54. The stock has a 50 day moving average of $26.31 and a 200 day moving average of $26.94.
Federated Investors (NYSE:FII) last announced its quarterly earnings data on Thursday, April 27th. The asset manager reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.02. Federated Investors had a return on equity of 32.01% and a net margin of 18.26%. The firm had revenue of $273.50 million for the quarter, compared to analysts’ expectations of $290.19 million. During the same quarter in the prior year, the firm posted $0.44 earnings per share. Federated Investors’s revenue for the quarter was up .5% compared to the same quarter last year. Equities analysts anticipate that Federated Investors will post $2.00 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Monday, May 8th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date was Thursday, May 4th. Federated Investors’s dividend payout ratio (DPR) is 49.26%.
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In related news, Director Gordon J. Ceresino sold 2,349 shares of the stock in a transaction that occurred on Tuesday, March 21st. The stock was sold at an average price of $25.56, for a total value of $60,040.44. Following the completion of the transaction, the director now directly owns 185,736 shares of the company’s stock, valued at approximately $4,747,412.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gordon J. Ceresino sold 4,378 shares of the stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $26.49, for a total value of $115,973.22. Following the completion of the transaction, the insider now directly owns 177,011 shares of the company’s stock, valued at $4,689,021.39. The disclosure for this sale can be found here. Insiders sold a total of 15,918 shares of company stock valued at $419,391 over the last three months. Corporate insiders own 10.50% of the company’s stock.
A number of institutional investors have recently modified their holdings of the company. Zurich Insurance Group Ltd FI purchased a new position in shares of Federated Investors during the fourth quarter worth about $1,086,000. Rafferty Asset Management LLC purchased a new position in shares of Federated Investors during the fourth quarter worth about $3,193,000. Cigna Investments Inc. New purchased a new position in shares of Federated Investors during the fourth quarter worth about $898,000. Two Sigma Investments LP raised its position in shares of Federated Investors by 1,823.2% in the fourth quarter. Two Sigma Investments LP now owns 638,424 shares of the asset manager’s stock worth $18,055,000 after buying an additional 605,228 shares during the last quarter. Finally, Cadence Capital Management LLC raised its position in shares of Federated Investors by 9.4% in the fourth quarter. Cadence Capital Management LLC now owns 11,559 shares of the asset manager’s stock worth $327,000 after buying an additional 989 shares during the last quarter. 76.42% 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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