Federated Investors Inc. (FII) Upgraded to Neutral at Credit Suisse Group AG
Credit Suisse Group AG upgraded shares of Federated Investors Inc. (NYSE:FII) from an underperform rating to a neutral rating in a research note issued to investors on Friday morning. They currently have $27.00 price target on the stock, up from their prior price target of $26.00.
Several other equities research analysts have also issued reports on FII. Jefferies Group reissued a buy rating and set a $35.00 price target on shares of Federated Investors in a research report on Friday, July 29th. Zacks Investment Research lowered Federated Investors from a hold rating to a sell rating in a research report on Thursday, October 13th. Finally, Keefe, Bruyette & Woods increased their target price on Federated Investors from $33.00 to $35.00 and gave the stock a market perform rating in a research report on Monday, August 1st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $29.13.
Shares of Federated Investors (NYSE:FII) traded down 1.42% during midday trading on Friday, hitting $26.98. 328,143 shares of the company’s stock traded hands. The stock has a market cap of $2.67 billion, a P/E ratio of 13.98 and a beta of 1.63. The company has a 50 day moving average of $27.50 and a 200 day moving average of $30.18. Federated Investors has a 52 week low of $22.76 and a 52 week high of $33.13.
Federated Investors (NYSE:FII) last posted its quarterly earnings results on Thursday, October 27th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.02. The business had revenue of $294.60 million for the quarter, compared to analyst estimates of $264.41 million. Federated Investors had a return on equity of 30.13% and a net margin of 18.28%. The business’s revenue was up 25.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.42 EPS. On average, equities analysts forecast that Federated Investors will post $2.00 EPS for the current fiscal year.
The company also recently announced a special dividend, which was paid on Tuesday, November 15th. Investors of record on Tuesday, November 8th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, November 4th. This represents a yield of 3.73%. Federated Investors’s dividend payout ratio is currently 50.76%.
In related news, Director Michael J. Farrell purchased 10,000 shares of the firm’s 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 transaction, the director now directly owns 41,700 shares of the company’s stock, valued at approximately $1,087,119. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John B. Fisher sold 6,588 shares of the stock in a transaction on Wednesday, November 2nd. The shares were sold at an average price of $25.94, for a total value of $170,892.72. Following the completion of the transaction, the vice president now owns 469,442 shares of the company’s stock, valued at approximately $12,177,325.48. The disclosure for this sale can be found here. Corporate insiders own 10.50% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in FII. Calvert Investment Management Inc. raised its position in Federated Investors by 1.3% in the second quarter. Calvert Investment Management Inc. now owns 7,156 shares of the company’s stock worth $206,000 after buying an additional 95 shares during the period. Public Employees Retirement System of Ohio raised its position in Federated Investors by 0.7% in the second quarter. Public Employees Retirement System of Ohio now owns 26,044 shares of the company’s stock worth $750,000 after buying an additional 185 shares during the period. Capstone Asset Management Co. raised its position in Federated Investors by 2.6% in the second quarter. Capstone Asset Management Co. now owns 7,615 shares of the company’s stock worth $219,000 after buying an additional 190 shares during the period. Utah Retirement Systems raised its position in Federated Investors by 1.2% in the second quarter. Utah Retirement Systems now owns 16,946 shares of the company’s stock worth $487,000 after buying an additional 200 shares during the period. Finally, Park National Corp OH raised its position in Federated Investors by 2.2% in the second quarter. Park National Corp OH now owns 10,052 shares of the company’s stock worth $289,000 after buying an additional 215 shares during the period. Institutional investors and hedge funds own 77.48% of the company’s stock.
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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