Brokers Set Expectations for Federated Investors Inc’s FY2018 Earnings (FII)
Federated Investors Inc (NYSE:FII) – Research analysts at Jefferies Group lifted their FY2018 earnings per share estimates for Federated Investors in a report released on Wednesday. Jefferies Group analyst S. Thind now expects that the asset manager will post earnings of $2.85 per share for the year, up from their previous forecast of $2.25. Jefferies Group has a “Hold” rating and a $30.00 price target on the stock. Jefferies Group also issued estimates for Federated Investors’ Q4 2018 earnings at $0.74 EPS and FY2019 earnings at $2.93 EPS.
Federated Investors (NYSE:FII) last released its quarterly earnings data on Thursday, October 26th. The asset manager reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.03. Federated Investors had a return on equity of 34.54% and a net margin of 19.32%. The company had revenue of $278.32 million for the quarter, compared to analyst estimates of $278.51 million. During the same period in the prior year, the company posted $0.54 EPS. The company’s revenue was down 5.5% compared to the same quarter last year.
Federated Investors (NYSE:FII) traded up $0.35 during mid-day trading on Friday, hitting $35.00. The stock had a trading volume of 896,500 shares, compared to its average volume of 995,350. Federated Investors has a 52 week low of $24.93 and a 52 week high of $36.67. The company has a market cap of $3,510.00, a price-to-earnings ratio of 16.51, a P/E/G ratio of 3.07 and a beta of 1.56. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.89 and a current ratio of 3.33.
In other Federated Investors news, CFO Thomas R. Donahue sold 30,000 shares of the company’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $34.79, for a total transaction of $1,043,700.00. Following the transaction, the chief financial officer now owns 634,044 shares of the company’s stock, valued at approximately $22,058,390.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Peter J. Germain sold 9,654 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $36.04, for a total value of $347,930.16. Following the transaction, the executive vice president now directly owns 68,987 shares in the company, valued at approximately $2,486,291.48. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 47,430 shares of company stock worth $1,636,457. 7.10% of the stock is owned by corporate insiders.
A number of large investors have recently bought and sold shares of FII. Russell Investments Group Ltd. lifted its holdings in Federated Investors by 41.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 23,237 shares of the asset manager’s stock worth $656,000 after buying an additional 6,778 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Federated Investors by 7.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 741,660 shares of the asset manager’s stock worth $20,952,000 after buying an additional 54,010 shares in the last quarter. Legal & General Group Plc lifted its holdings in Federated Investors by 14.1% during the 2nd quarter. Legal & General Group Plc now owns 126,889 shares of the asset manager’s stock worth $3,582,000 after buying an additional 15,678 shares in the last quarter. Utah Retirement Systems lifted its holdings in Federated Investors by 2.4% during the 2nd quarter. Utah Retirement Systems now owns 17,346 shares of the asset manager’s stock worth $490,000 after buying an additional 400 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Federated Investors by 8.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,484 shares of the asset manager’s stock worth $127,000 after buying an additional 358 shares in the last quarter. 85.22% of the stock is currently owned by hedge funds and other institutional investors.
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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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