Federated Investors Inc. (FII) Cut to “Hold” at Jefferies Group
Federated Investors Inc. (NYSE:FII) was downgraded by stock analysts at Jefferies Group to a “hold” rating in a report released on Monday.
FII has been the topic of several other research reports. Zacks Investment Research raised Federated Investors from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a research note on Wednesday, August 10th. Keefe, Bruyette & Woods set a $30.00 price objective on Federated Investors and gave the stock a “hold” rating in a research note on Friday, October 14th. Finally, Credit Suisse Group AG raised Federated Investors from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $26.00 to $27.00 in a research note on Friday. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $30.13.
Federated Investors (NYSE:FII) opened at 27.37 on Monday. Federated Investors has a 1-year low of $22.76 and a 1-year high of $33.13. The company has a 50-day moving average price of $27.50 and a 200 day moving average price of $30.18. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 14.18 and a beta of 1.63.
Federated Investors (NYSE:FII) last posted its quarterly earnings results on Thursday, October 27th. The company reported $0.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.02. The company had revenue of $294.60 million for the quarter, compared to the consensus estimate of $264.41 million. Federated Investors had a return on equity of 30.13% and a net margin of 18.28%. The firm’s quarterly revenue was up 25.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.42 EPS. Equities analysts anticipate that Federated Investors will post $2.00 earnings per share for the current year.
The company also recently announced a special dividend, which was paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 8th were issued a dividend of $1.00 per share. This represents a yield of 3.73%. The ex-dividend date was Friday, November 4th. Federated Investors’s dividend payout ratio (DPR) is presently 50.76%.
In other Federated Investors news, Director Michael J. Farrell purchased 10,000 shares of Federated Investors stock in a transaction that occurred on Wednesday, November 2nd. The stock was acquired at an average price of $26.07 per share, for a total transaction of $260,700.00. Following the completion of the acquisition, the director now owns 41,700 shares of the company’s stock, valued at approximately $1,087,119. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Gordon J. Ceresino sold 5,570 shares of Federated Investors stock in a transaction dated Wednesday, November 2nd. The stock was sold at an average price of $26.01, for a total value of $144,875.70. Following the transaction, the insider now owns 176,914 shares of the company’s stock, valued at approximately $4,601,533.14. The disclosure for this sale can be found here. Company insiders own 10.50% of the company’s stock.
A number of institutional investors have recently bought and sold shares of FII. BlackRock Fund Advisors boosted its position in Federated Investors by 7.9% in the third quarter. BlackRock Fund Advisors now owns 6,607,652 shares of the company’s stock worth $195,785,000 after buying an additional 485,975 shares during the last quarter. Smith Asset Management Group LP acquired a new position in Federated Investors during the third quarter worth approximately $10,344,000. Herndon Capital Management LLC boosted its position in Federated Investors by 22.0% in the second quarter. Herndon Capital Management LLC now owns 1,853,011 shares of the company’s stock worth $53,328,000 after buying an additional 334,450 shares during the last quarter. Schroder Investment Management Group boosted its position in Federated Investors by 60.9% in the third quarter. Schroder Investment Management Group now owns 815,900 shares of the company’s stock worth $24,175,000 after buying an additional 308,900 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in Federated Investors by 55.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 839,524 shares of the company’s stock worth $24,162,000 after buying an additional 299,249 shares during the last quarter. Institutional investors and hedge funds own 77.48% 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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