Deutsche Bank AG Begins Coverage on Federated Investors, Inc. (FII)
Investment analysts at Deutsche Bank AG assumed coverage on shares of Federated Investors, Inc. (NYSE:FII) in a research note issued to investors on Tuesday. The firm set a “hold” rating on the asset manager’s stock.
Other equities research analysts also recently issued reports about the company. Royal Bank Of Canada set a $28.00 price objective on Federated Investors and gave the company a “hold” rating in a research report on Friday, July 28th. Keefe, Bruyette & Woods restated a “sell” rating and set a $28.00 price objective on shares of Federated Investors in a research report on Friday, July 14th. BidaskClub downgraded Federated Investors from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Credit Suisse Group decreased their price objective on Federated Investors from $29.00 to $27.00 and set a “neutral” rating on the stock in a research report on Friday, August 11th. Finally, Zacks Investment Research upgraded Federated Investors from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research report on Tuesday, July 4th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $27.71.
Federated Investors (FII) opened at 31.48 on Tuesday. The company’s 50-day moving average price is $28.74 and its 200 day moving average price is $27.62. The company has a market capitalization of $3.07 billion, a price-to-earnings ratio of 14.99 and a beta of 1.45. Federated Investors has a 52-week low of $24.52 and a 52-week high of $31.58.
Federated Investors (NYSE:FII) last issued its quarterly earnings data on Thursday, July 27th. The asset manager reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.03. Federated Investors had a return on equity of 33.93% and a net margin of 18.91%. The business had revenue of $272.80 million for the quarter, compared to the consensus estimate of $278.51 million. During the same period in the prior year, the business posted $0.51 earnings per share. The company’s quarterly revenue was down 4.8% compared to the same quarter last year. On average, equities analysts expect that Federated Investors will post $2.07 EPS for the current fiscal year.
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In other news, VP John B. Fisher sold 5,041 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $27.97, for a total value of $140,996.77. Following the sale, the vice president now directly owns 514,905 shares in the company, valued at $14,401,892.85. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 7.10% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of FII. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Federated Investors by 8.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,484 shares of the asset manager’s stock worth $127,000 after buying an additional 358 shares during the period. FNY Partners Fund LP purchased a new stake in shares of Federated Investors in the first quarter worth approximately $131,000. Advisory Services Network LLC raised its holdings in shares of Federated Investors by 9.4% in the second quarter. Advisory Services Network LLC now owns 5,968 shares of the asset manager’s stock worth $169,000 after buying an additional 511 shares during the period. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Federated Investors in the second quarter worth approximately $176,000. Finally, Advisor Group Inc. raised its holdings in shares of Federated Investors by 9.9% in the second quarter. Advisor Group Inc. now owns 6,300 shares of the asset manager’s stock worth $177,000 after buying an additional 565 shares during the period. Hedge funds and other institutional investors own 82.91% 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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