Federated Investors, Inc. (FII) Given Average Recommendation of “Hold” by Analysts
Federated Investors, Inc. (NYSE:FII) has earned an average recommendation of “Hold” from the nine brokerages that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $23.50.
A number of research analysts recently weighed in on the company. Zacks Investment Research lowered Federated Investors from a “hold” rating to a “sell” rating in a report on Tuesday, April 4th. J P Morgan Chase & Co raised Federated Investors from an “underweight” rating to a “neutral” rating and set a $24.00 price objective on the stock in a report on Thursday, May 25th. Royal Bank Of Canada assumed coverage on Federated Investors in a report on Thursday, June 29th. They set a “sector perform” rating and a $27.00 price objective on the stock. Jefferies Group LLC raised Federated Investors from an “underperform” rating to a “hold” rating and set a $11.00 price objective on the stock in a report on Friday, March 24th. Finally, Keefe, Bruyette & Woods reaffirmed a “sell” rating and set a $28.00 price objective on shares of Federated Investors in a report on Friday.
In other Federated Investors news, insider Richard A. Novak sold 2,700 shares of the company’s stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $27.70, for a total value of $74,790.00. Following the sale, the insider now owns 44,741 shares of the company’s stock, valued at $1,239,325.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.10% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the stock. Northwest Investment Counselors LLC raised its stake in Federated Investors by 2.6% in the first quarter. Northwest Investment Counselors LLC now owns 58,440 shares of the asset manager’s stock worth $1,539,000 after buying an additional 1,474 shares during the last quarter. Murphy Pohlad Asset Management LLC raised its stake in Federated Investors by 31.0% in the first quarter. Murphy Pohlad Asset Management LLC now owns 128,660 shares of the asset manager’s stock worth $3,388,000 after buying an additional 30,465 shares during the last quarter. Cape Cod Five Cents Savings Bank bought a new stake in Federated Investors during the first quarter worth approximately $754,000. State of Alaska Department of Revenue raised its stake in Federated Investors by 5.3% in the first quarter. State of Alaska Department of Revenue now owns 7,810 shares of the asset manager’s stock worth $205,000 after buying an additional 390 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC bought a new stake in Federated Investors during the first quarter worth approximately $601,000. 84.92% of the stock is currently owned by institutional investors.
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Shares of Federated Investors (NYSE:FII) traded up 0.38% during midday trading on Tuesday, hitting $29.12. 254,341 shares of the stock were exchanged. The company has a market cap of $2.85 billion, a price-to-earnings ratio of 13.99 and a beta of 1.41. The firm has a 50 day moving average of $26.78 and a 200-day moving average of $26.85. Federated Investors has a one year low of $24.52 and a one year high of $33.13.
Federated Investors (NYSE:FII) last announced its quarterly earnings data on Thursday, April 27th. The asset manager reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.02. Federated Investors had a return on equity of 33.32% and a net margin of 18.62%. The firm had revenue of $273.50 million for the quarter, compared to analyst estimates of $290.19 million. During the same quarter in the prior year, the company posted $0.44 earnings per share. Federated Investors’s quarterly revenue was up .5% on a year-over-year basis. Equities analysts expect that Federated Investors will post $2.01 EPS for the current year.
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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