Federated Investors Inc. (FII) Given a $30.00 Price Target at Keefe, Bruyette & Woods
Federated Investors Inc. (NYSE:FII) received a $30.00 target price from investment analysts at Keefe, Bruyette & Woods in a note issued to investors on Friday. The brokerage presently has a a “hold” rating on the stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 8.62% from the stock’s previous close.
A number of other research firms have also recently commented on FII. Jefferies Group raised their price target on Federated Investors from $35.00 to $37.00 and gave the company a “buy” rating in a report on Monday, August 8th. Zacks Investment Research raised Federated Investors from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Wednesday, August 10th. Finally, Credit Suisse Group AG set a $27.00 price target on Federated Investors and gave the company a “sell” rating in a report on Sunday, July 31st. Four research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. Federated Investors has an average rating of “Hold” and a consensus target price of $30.13.
Federated Investors (NYSE:FII) traded down 0.54% during midday trading on Friday, hitting $27.47. The stock had a trading volume of 251,092 shares. The stock’s 50-day moving average is $30.72 and its 200-day moving average is $30.73. The company has a market capitalization of $2.74 billion, a PE ratio of 15.09 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 posted its quarterly earnings results on Thursday, July 28th. The company reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.03. The business had revenue of $286.74 million for the quarter, compared to analysts’ expectations of $284.39 million. Federated Investors had a return on equity of 28.98% and a net margin of 18.30%. The business’s quarterly revenue was up 25.7% on a year-over-year basis. During the same period last year, the firm earned $0.40 earnings per share. Equities research analysts forecast that Federated Investors will post $1.98 EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Americafirst Capital Management LLC bought a new position in Federated Investors during the second quarter valued at approximately $101,000. Advisory Services Network LLC raised its position in Federated Investors by 787.5% in the second quarter. Advisory Services Network LLC now owns 3,550 shares of the company’s stock valued at $102,000 after buying an additional 3,150 shares in the last quarter. Victory Capital Management Inc. raised its position in Federated Investors by 77.5% in the second quarter. Victory Capital Management Inc. now owns 3,704 shares of the company’s stock valued at $107,000 after buying an additional 1,617 shares in the last quarter. Glenmede Trust Co. NA bought a new position in Federated Investors during the second quarter valued at approximately $130,000. Finally, JFS Wealth Advisors LLC bought a new position in Federated Investors during the second quarter valued at approximately $147,000. Institutional investors own 75.42% of the company’s stock.
About Federated Investors
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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