Federated Investors Inc. (FII) PT Lowered to $35.00 at Jefferies Group
Federated Investors Inc. (NYSE:FII) had its price objective reduced by research analysts at Jefferies Group from $37.00 to $35.00 in a report issued on Tuesday. The brokerage presently has a “buy” rating on the stock. Jefferies Group’s price target would indicate a potential upside of 22.72% from the stock’s previous close.
A number of other brokerages have also weighed in on FII. Zacks Investment Research upgraded Federated Investors from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research note on Wednesday, August 10th. Credit Suisse Group AG set a $27.00 price target on Federated Investors and gave the stock a “sell” rating in a research note on Sunday, July 31st. Finally, Keefe, Bruyette & Woods boosted their price target on Federated Investors from $33.00 to $35.00 and gave the stock a “market perform” rating in a research note on Monday, August 1st. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $30.75.
Federated Investors (NYSE:FII) traded down 1.86% during midday trading on Tuesday, reaching $27.99. 419,110 shares of the company traded hands. The firm has a 50-day moving average of $31.19 and a 200-day moving average of $30.80. The stock has a market capitalization of $2.79 billion, a P/E ratio of 15.38 and a beta of 1.51. Federated Investors has a 1-year low of $22.76 and a 1-year high of $33.13.
Federated Investors (NYSE:FII) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.03. Federated Investors had a return on equity of 28.98% and a net margin of 18.30%. The business had revenue of $286.74 million for the quarter, compared to analyst estimates of $284.39 million. During the same quarter in the previous year, the firm earned $0.40 earnings per share. The company’s revenue was up 25.7% on a year-over-year basis. On average, analysts predict that Federated Investors will post $1.98 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in FII. Vanguard Group Inc. increased its position in shares of Federated Investors by 2.0% in the second quarter. Vanguard Group Inc. now owns 7,059,093 shares of the company’s stock worth $203,161,000 after buying an additional 138,284 shares during the last quarter. BlackRock Fund Advisors increased its position in shares of Federated Investors by 8.3% in the first quarter. BlackRock Fund Advisors now owns 6,138,156 shares of the company’s stock worth $177,086,000 after buying an additional 470,282 shares during the last quarter. Royce & Associates LP increased its position in shares of Federated Investors by 4.3% in the second quarter. Royce & Associates LP now owns 5,176,204 shares of the company’s stock worth $148,971,000 after buying an additional 212,673 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of Federated Investors by 2.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,897,691 shares of the company’s stock worth $83,396,000 after buying an additional 82,577 shares during the last quarter. Finally, State Street Corp increased its position in shares of Federated Investors by 1.2% in the second quarter. State Street Corp now owns 2,708,256 shares of the company’s stock worth $77,947,000 after buying an additional 33,184 shares during the last quarter. 75.46% of the stock is owned by institutional investors.
Federated Investors Company Profile
Federated Investors, Inc (Federated) is a provider of investment management products and related financial services. The Company 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, in both domestic and international markets.
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