Federated Investors, Inc. (FII) Stock Rating Upgraded by 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 report issued to clients and investors on Monday. The firm presently has a $33.00 target price on the asset manager’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 9.56% from the company’s previous close.
According to Zacks, “Shares of Federated have 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, mounting expenses are a major concern. Also, strict regulations for investment management companies remain a headwind.”
Other analysts also recently issued reports about the stock. Royal Bank Of Canada started coverage on shares of Federated Investors in a research report on Thursday, June 29th. They issued a “sector perform” rating and a $27.00 target price for the company. BidaskClub downgraded shares of Federated Investors from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Citigroup Inc. downgraded shares of Federated Investors from a “neutral” rating to a “sell” rating and cut their price target for the company from $26.00 to $24.00 in a report on Monday, June 5th. Credit Suisse Group reduced their price objective on shares of Federated Investors from $29.00 to $27.00 and set a “neutral” rating for the company in a research note on Friday, August 11th. Finally, Keefe, Bruyette & Woods reaffirmed a “sell” rating and issued a $27.00 price objective on shares of Federated Investors in a research note on Thursday, August 3rd. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $24.86.
Federated Investors (NYSE FII) opened at 30.12 on Monday. The firm’s 50 day moving average price is $27.81 and its 200-day moving average price is $27.32. Federated Investors has a 52 week low of $24.52 and a 52 week high of $30.31. The firm has a market cap of $2.94 billion, a PE ratio of 14.34 and a beta of 1.45.
Federated Investors (NYSE:FII) last issued its quarterly earnings data on Thursday, July 27th. The asset manager reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.03. The firm had revenue of $272.80 million for the quarter, compared to analyst estimates of $278.51 million. Federated Investors had a net margin of 18.91% and a return on equity of 33.93%. The company’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.51 earnings per share. On average, analysts forecast that Federated Investors will post $2.06 EPS for the current year.
In related news, VP John B. Fisher sold 5,041 shares of the company’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $27.97, for a total transaction of $140,996.77. Following the completion of the sale, the vice president now directly owns 514,905 shares of the company’s stock, valued at approximately $14,401,892.85. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 7.10% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of FII. Eqis Capital Management Inc. bought a new position in Federated Investors in the 3rd quarter worth $446,000. Park National Corp OH acquired a new position in Federated Investors during the 3rd quarter worth $207,000. Advisory Services Network LLC lifted its position in Federated Investors by 9.4% during the 2nd quarter. Advisory Services Network LLC now owns 5,968 shares of the asset manager’s stock worth $169,000 after acquiring an additional 511 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in Federated Investors by 6.1% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 38,522 shares of the asset manager’s stock worth $1,088,000 after acquiring an additional 2,205 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new position in Federated Investors during the 2nd quarter worth $395,000. Institutional investors and hedge funds own 82.88% of the company’s stock.
About Federated Investors
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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