Q3 2017 EPS Estimates for Federated Investors, Inc. Increased by Jefferies Group (FII)
Federated Investors, Inc. (NYSE:FII) – Equities research analysts at Jefferies Group raised their Q3 2017 earnings estimates for shares of Federated Investors in a research report issued on Tuesday. Jefferies Group analyst S. Thind now forecasts that the asset manager will earn $0.53 per share for the quarter, up from their prior forecast of $0.52. Jefferies Group currently has a “Hold” rating and a $30.00 price objective on the stock. Jefferies Group also issued estimates for Federated Investors’ Q4 2017 earnings at $0.54 EPS, FY2017 earnings at $2.08 EPS, FY2018 earnings at $2.14 EPS and FY2019 earnings at $2.23 EPS.
Federated Investors (NYSE:FII) last released its quarterly earnings results on Thursday, July 27th. The asset manager reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.03. The business had revenue of $272.80 million during the quarter, compared to analysts’ expectations of $278.51 million. Federated Investors had a return on equity of 33.93% and a net margin of 18.91%. The company’s revenue was down 4.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.51 EPS.
Several other equities analysts have also commented on FII. BidaskClub lowered Federated Investors from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Zacks Investment Research raised Federated Investors from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research report on Monday, October 2nd. Keefe, Bruyette & Woods reissued a “sell” rating and set a $28.00 price target on shares of Federated Investors in a research report on Friday, July 14th. Credit Suisse Group lowered their price target on Federated Investors from $29.00 to $27.00 and set a “neutral” rating for the company in a research report on Friday, August 11th. Finally, Royal Bank Of Canada set a $28.00 price target on Federated Investors and gave the company a “hold” rating in a research report on Friday, July 28th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. Federated Investors currently has a consensus rating of “Hold” and an average price target of $27.71.
Federated Investors (FII) opened at 30.99 on Wednesday. The stock has a market capitalization of $3.02 billion, a PE ratio of 14.76 and a beta of 1.45. The stock’s 50 day moving average price is $28.31 and its 200-day moving average price is $27.50. Federated Investors has a 12-month low of $24.52 and a 12-month high of $31.15.
In other Federated Investors news, VP John B. Fisher sold 5,041 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The stock was 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 of the company’s stock, valued at $14,401,892.85. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.10% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank grew 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 during the period. FNY Partners Fund LP purchased a new stake in Federated Investors during the first quarter valued at about $131,000. Advisory Services Network LLC grew 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 during the period. Cornerstone Capital Management Holdings LLC. purchased a new stake in Federated Investors during the second quarter valued at about $176,000. Finally, Advisor Group Inc. grew 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 during the period. 82.90% of the stock is owned by hedge funds and other institutional investors.
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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