Federated Investors, Inc. (FII) Upgraded at Zacks Investment Research
Federated Investors, Inc. (NYSE:FII) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. The brokerage currently has a $30.00 target price on the asset manager’s stock. Zacks Investment Research‘s price target points to a potential upside of 11.48% from the company’s current price.
According to Zacks, “Shares of Federated underperformed the industry over the last six months. Yet, the company boasts an impressive earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in all the trailing four quarters. Rise in interest rates and lower fee waivers are expected to aid top-line performance, moving ahead. Also, Federated’s inorganic growth strategies encourage us. Further, the company’s active involvement in capital deployment activities continues to inspire investors’ confidence. However, strict regulations for investment management companies remain a headwind.”
FII has been the subject of several other reports. Royal Bank Of Canada started coverage on Federated Investors in a report on Thursday, June 29th. They issued a “sector perform” rating and a $27.00 price objective for the company. BidaskClub lowered Federated Investors from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. J P Morgan Chase & Co raised Federated Investors from an “underweight” rating to a “neutral” rating and set a $24.00 price objective for the company in a report on Thursday, May 25th. ValuEngine lowered Federated Investors from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Citigroup Inc. downgraded Federated Investors from a “neutral” rating to a “sell” rating and decreased their target price for the company from $26.00 to $24.00 in a research note on Monday, June 5th. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $24.43.
Shares of Federated Investors (NYSE FII) traded up 2.12% during mid-day trading on Tuesday, hitting $27.48. The company had a trading volume of 169,290 shares. Federated Investors has a 52-week low of $24.52 and a 52-week high of $32.40. The stock’s 50-day moving average is $27.52 and its 200-day moving average is $27.08. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of 13.09 and a beta of 1.42.
Federated Investors (NYSE:FII) last announced its quarterly earnings data on Thursday, July 27th. The asset manager reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.03. The firm had revenue of $272.80 million during the quarter, compared to analyst estimates of $278.51 million. Federated Investors had a return on equity of 33.93% and a net margin of 18.91%. Federated Investors’s quarterly revenue was down 4.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.51 earnings per share. Equities analysts forecast that Federated Investors will post $2.06 earnings per share for the current year.
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In related news, VP John B. Fisher sold 5,041 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $27.97, for a total transaction of $140,996.77. Following the sale, the vice president now owns 514,905 shares of the company’s stock, valued at $14,401,892.85. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Richard A. Novak sold 2,700 shares of the business’s stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $27.70, for a total value of $74,790.00. Following the sale, the insider now directly owns 44,741 shares in the company, valued at approximately $1,239,325.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,875 shares of company stock worth $246,998. 7.10% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. Tyers Asset Management LLC raised its holdings in Federated Investors by 12.7% during the first quarter. Tyers Asset Management LLC now owns 3,916 shares of the asset manager’s stock worth $103,000 after purchasing an additional 440 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Federated Investors by 60.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,126 shares of the asset manager’s stock worth $109,000 after purchasing an additional 1,559 shares in the last quarter. Flinton Capital Management LLC raised its holdings in Federated Investors by 12.7% during the first quarter. Flinton Capital Management LLC now owns 4,984 shares of the asset manager’s stock worth $131,000 after purchasing an additional 560 shares in the last quarter. FNY Partners Fund LP bought a new stake in Federated Investors during the first quarter worth approximately $131,000. Finally, Neuburgh Advisers LLC raised its holdings in Federated Investors by 12.7% during the first quarter. Neuburgh Advisers LLC now owns 6,052 shares of the asset manager’s stock worth $159,000 after purchasing an additional 680 shares in the last quarter. 82.88% of the stock is currently owned by hedge funds and other institutional investors.
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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