Royal Bank Of Canada Reiterates $28.00 Price Target for Federated Investors, Inc. (FII)
FII has been the topic of a number of other reports. BidaskClub cut Federated Investors from a hold rating to a sell rating in a research note on Tuesday, August 1st. Zacks Investment Research raised Federated Investors from a hold rating to a buy rating and set a $33.00 price objective on the stock in a research note on Monday, October 2nd. Deutsche Bank AG started coverage on Federated Investors in a research note on Tuesday. They set a hold rating and a $31.00 price objective on the stock. Finally, Credit Suisse Group reduced their price objective on Federated Investors from $29.00 to $27.00 and set a neutral rating on the stock in a research note on Friday, August 11th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $28.13.
Federated Investors (NYSE:FII) traded up 1.41% during midday trading on Wednesday, hitting $31.57. The company’s stock had a trading volume of 923,340 shares. The stock has a 50 day moving average of $29.31 and a 200 day moving average of $27.77. Federated Investors has a 52-week low of $24.52 and a 52-week high of $31.81. The company has a market cap of $3.08 billion, a PE ratio of 15.03 and a beta of 1.45.
Federated Investors (NYSE:FII) last announced its quarterly earnings data on Thursday, July 27th. The asset manager reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.03. Federated Investors had a return on equity of 33.93% and a net margin of 18.91%. The firm had revenue of $272.80 million for the quarter, compared to analysts’ expectations of $278.51 million. During the same period last year, the firm earned $0.51 earnings per share. The company’s revenue for the quarter 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 year.
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In related news, VP John B. Fisher sold 5,041 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $14,401,892.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.10% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of FII. UBS Asset Management Americas Inc. grew its stake in shares of Federated Investors by 16.7% in the first quarter. UBS Asset Management Americas Inc. now owns 73,555 shares of the asset manager’s stock worth $1,937,000 after purchasing an additional 10,508 shares during the last quarter. Karp Capital Management Corp purchased a new stake in Federated Investors in the first quarter worth about $550,000. JPMorgan Chase & Co. lifted its holdings in Federated Investors by 25.9% in the first quarter. JPMorgan Chase & Co. now owns 98,525 shares of the asset manager’s stock worth $2,595,000 after buying an additional 20,246 shares during the period. OppenheimerFunds Inc. lifted its holdings in Federated Investors by 27.0% in the first quarter. OppenheimerFunds Inc. now owns 10,599 shares of the asset manager’s stock worth $279,000 after buying an additional 2,254 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in Federated Investors by 2.8% in the first quarter. Principal Financial Group Inc. now owns 383,564 shares of the asset manager’s stock worth $10,103,000 after buying an additional 10,401 shares during the period. 82.91% of the stock is currently owned by 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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