Federated Investors (NYSE:FII) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.
According to Zacks, “Shares of Federated have outperformed the industry over the past six months. Also, the company boasts an impressive earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in each of the trailing four quarters. Federated’s top-line continues to get support from the rise in interest rates and increasing AUM. Also, its inorganic growth strategies to expand fund offerings encourage us. Though, mounting expenses remain a major concern, declining voluntary fee waivers remain a tailwind.”
Other equities analysts have also recently issued research reports about the stock. Royal Bank of Canada raised their price target on shares of Federated Investors to $37.00 and gave the company a “sector perform” rating in a research report on Monday, January 29th. ValuEngine cut shares of Federated Investors from a “buy” rating to a “hold” rating in a research report on Sunday, November 12th. Citigroup raised shares of Federated Investors from a “sell” rating to a “neutral” rating in a research report on Monday, March 5th. Deutsche Bank dropped their target price on shares of Federated Investors from $34.00 to $32.00 and set a “hold” rating on the stock in a research report on Tuesday, March 6th. Finally, JPMorgan Chase & Co. cut shares of Federated Investors from a “neutral” rating to an “underweight” rating and set a $31.00 target price on the stock. in a research report on Monday, January 8th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. Federated Investors presently has an average rating of “Hold” and an average target price of $31.63.
Federated Investors (NYSE:FII) last announced its quarterly earnings results on Thursday, January 25th. The asset manager reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.03. Federated Investors had a net margin of 26.42% and a return on equity of 33.23%. The business had revenue of $278.31 million for the quarter, compared to analysts’ expectations of $283.45 million. During the same quarter last year, the firm earned $0.52 EPS. The firm’s revenue for the quarter was down 4.0% compared to the same quarter last year. equities analysts predict that Federated Investors will post 2.77 EPS for the current fiscal year.
In other news, CFO Thomas R. Donahue sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $34.79, for a total transaction of $1,043,700.00. Following the completion of the sale, the chief financial officer now owns 634,044 shares in the company, valued at approximately $22,058,390.76. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Peter J. Germain sold 9,654 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $36.04, for a total transaction of $347,930.16. Following the sale, the executive vice president now owns 68,987 shares of the company’s stock, valued at approximately $2,486,291.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 57,457 shares of company stock worth $2,000,116. Insiders own 7.10% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Bank of Montreal Can increased its stake in shares of Federated Investors by 10.1% during the 4th quarter. Bank of Montreal Can now owns 16,128 shares of the asset manager’s stock worth $582,000 after purchasing an additional 1,479 shares during the last quarter. Raymond James & Associates increased its stake in shares of Federated Investors by 4.5% during the 4th quarter. Raymond James & Associates now owns 34,399 shares of the asset manager’s stock worth $1,241,000 after purchasing an additional 1,496 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Federated Investors by 34.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,025 shares of the asset manager’s stock worth $217,000 after purchasing an additional 1,541 shares during the last quarter. Boston Private Wealth LLC increased its stake in shares of Federated Investors by 6.1% during the 3rd quarter. Boston Private Wealth LLC now owns 32,286 shares of the asset manager’s stock worth $959,000 after purchasing an additional 1,867 shares during the last quarter. Finally, Biondo Investment Advisors LLC increased its stake in shares of Federated Investors by 2.0% during the 4th quarter. Biondo Investment Advisors LLC now owns 108,977 shares of the asset manager’s stock worth $3,932,000 after purchasing an additional 2,105 shares during the last quarter. Institutional investors own 85.64% of the company’s stock.
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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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