Federated Investors, Inc. (FII) Given Average Rating of “Hold” by Brokerages
Federated Investors, Inc. (NYSE:FII) has earned an average recommendation of “Hold” from the eleven ratings firms that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $28.75.
FII has been the topic of several research reports. BidaskClub cut shares of Federated Investors from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Citigroup Inc. increased their price target on shares of Federated Investors from $22.00 to $24.00 and gave the stock a “sell” rating in a research report on Tuesday, October 31st. Keefe, Bruyette & Woods reaffirmed a “sell” rating and issued a $27.00 target price on shares of Federated Investors in a report on Thursday, August 3rd. Royal Bank Of Canada set a $29.00 target price on shares of Federated Investors and gave the company a “hold” rating in a report on Friday, October 27th. Finally, Zacks Investment Research raised shares of Federated Investors from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a report on Tuesday, October 31st.
WARNING: “Federated Investors, Inc. (FII) Given Average Rating of “Hold” by Brokerages” was published by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another website, it was illegally stolen and reposted in violation of US & international copyright law. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/11/20/federated-investors-inc-fii-given-average-rating-of-hold-by-brokerages.html.
Shares of Federated Investors (NYSE:FII) traded up $0.07 on Monday, hitting $30.92. 731,900 shares of the stock traded hands, compared to its average volume of 717,409. The firm has a market capitalization of $3,119.95, a PE ratio of 14.72, a PEG ratio of 2.84 and a beta of 1.56. Federated Investors has a 1-year low of $24.93 and a 1-year high of $31.82. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.33 and a quick ratio of 1.89.
Federated Investors (NYSE:FII) last issued its quarterly earnings results on Thursday, October 26th. The asset manager reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.03. The business had revenue of $278.32 million for the quarter, compared to analysts’ expectations of $278.51 million. Federated Investors had a net margin of 19.32% and a return on equity of 34.54%. The business’s quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.54 earnings per share. equities research analysts forecast that Federated Investors will post 2.15 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 8th were issued a $0.25 dividend. The ex-dividend date was Tuesday, November 7th. This represents a $1.00 annualized dividend and a yield of 3.23%. Federated Investors’s dividend payout ratio (DPR) is 47.62%.
In other Federated Investors news, VP John B. Fisher sold 6,460 shares of the stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $31.49, for a total value of $203,425.40. Following the transaction, the vice president now directly owns 508,445 shares in the company, valued at $16,010,933.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 7,776 shares of company stock worth $244,827 over the last quarter. 7.10% of the stock is currently owned by insiders.
Institutional investors have recently made changes to their positions in the business. Bessemer Group Inc. purchased a new position in Federated Investors in the third quarter valued at approximately $126,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Federated Investors by 8.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,484 shares of the asset manager’s stock valued at $127,000 after purchasing an additional 358 shares during the last quarter. Advisory Services Network LLC increased its stake in Federated Investors by 9.4% in the second quarter. Advisory Services Network LLC now owns 5,968 shares of the asset manager’s stock valued at $169,000 after purchasing an additional 511 shares during the last quarter. Cornerstone Capital Management Holdings LLC. purchased a new position in Federated Investors in the second quarter valued at approximately $176,000. Finally, Advisor Group Inc. increased its stake in Federated Investors by 9.9% in the second quarter. Advisor Group Inc. now owns 6,300 shares of the asset manager’s stock valued at $177,000 after purchasing an additional 565 shares during the last quarter. Institutional investors own 84.47% 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.
Receive News & Ratings for Federated Investors Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federated Investors Inc. and related companies with MarketBeat.com's FREE daily email newsletter.