Federated Investors, Inc. (FII) PT Lowered to $27.00
Federated Investors, Inc. (NYSE:FII) had its price target dropped by research analysts at Credit Suisse Group from $29.00 to $27.00 in a research report issued on Friday. The firm presently has a “neutral” rating on the asset manager’s stock. Credit Suisse Group’s target price indicates a potential downside of 0.44% from the company’s previous close.
Other analysts have also recently issued research reports about the stock. BidaskClub upgraded shares of Federated Investors from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. Keefe, Bruyette & Woods reiterated a “sell” rating and issued a $28.00 price target on shares of Federated Investors in a research note on Friday, July 14th. Royal Bank Of Canada set a $28.00 price target on shares of Federated Investors and gave the company a “hold” rating in a research note on Friday, July 28th. Zacks Investment Research upgraded shares of Federated Investors from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research note on Tuesday, July 4th. Finally, Citigroup Inc. cut shares of Federated Investors from a “neutral” rating to a “sell” rating and cut their price target for the company from $26.00 to $24.00 in a research note on Monday, June 5th. Three analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $24.71.
Federated Investors (FII) remained flat at $27.12 on Friday. The company’s stock had a trading volume of 554,130 shares. The stock has a market capitalization of $2.65 billion, a price-to-earnings ratio of 12.91 and a beta of 1.42. The firm’s 50 day moving average is $28.49 and its 200-day moving average is $27.02. Federated Investors has a 12 month low of $24.52 and a 12 month high of $33.13.
Federated Investors (NYSE:FII) last announced its quarterly earnings results on Thursday, July 27th. The asset manager reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.03. The firm had revenue of $272.80 million during the quarter, compared to analysts’ expectations of $278.51 million. Federated Investors had a net margin of 18.91% and a return on equity of 33.93%. The company’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.51 earnings per share. On average, equities analysts expect that Federated Investors will post $2.05 earnings per share for the current year.
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In other news, VP John B. Fisher sold 5,041 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $27.97, for a total transaction of $140,996.77. Following the completion of the sale, the vice president now owns 514,905 shares in the company, valued at approximately $14,401,892.85. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Richard A. Novak sold 2,700 shares of the firm’s stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $27.70, for a total transaction of $74,790.00. Following the sale, the insider now owns 44,741 shares of the company’s stock, valued at approximately $1,239,325.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,875 shares of company stock valued at $246,998. 7.10% of the stock is currently owned by corporate insiders.
Several hedge funds have recently bought and sold shares of the company. Bremer Trust National Association boosted its stake in Federated Investors by 29.1% in the first quarter. Bremer Trust National Association now owns 11,017 shares of the asset manager’s stock worth $290,000 after buying an additional 2,485 shares in the last quarter. Eastern Bank boosted its stake in Federated Investors by 1.4% in the first quarter. Eastern Bank now owns 60,680 shares of the asset manager’s stock worth $1,598,000 after buying an additional 811 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in Federated Investors by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 23,400 shares of the asset manager’s stock worth $616,000 after buying an additional 400 shares in the last quarter. Quantitative Systematic Strategies LLC bought a new stake in Federated Investors during the first quarter worth about $601,000. Finally, State of Alaska Department of Revenue boosted 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 in the last quarter. Institutional investors own 85.54% of the company’s stock.
About Federated Investors
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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