Federated Investors, Inc. (FII) Upgraded by ValuEngine to “Buy”
ValuEngine upgraded shares of Federated Investors, Inc. (NYSE:FII) from a hold rating to a buy rating in a research report sent to investors on Monday.
A number of other brokerages also recently issued reports on FII. BidaskClub downgraded Federated Investors from a hold rating to a sell rating in a research report on Tuesday, August 1st. Citigroup Inc. lifted their price target on Federated Investors from $22.00 to $24.00 and gave the company a sell rating in a research report on Tuesday, October 31st. Keefe, Bruyette & Woods reiterated a sell rating and set a $27.00 price target on shares of Federated Investors in a research report on Thursday, August 3rd. Royal Bank Of Canada set a $29.00 price target on Federated Investors and gave the company a hold rating in a research report on Friday, October 27th. Finally, Zacks Investment Research upgraded Federated Investors from a hold rating to a buy rating and set a $34.00 price target for the company in a research report on Tuesday, October 31st. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. Federated Investors currently has a consensus rating of Hold and an average target price of $28.75.
Shares of Federated Investors (FII) traded down $0.62 during mid-day trading on Monday, reaching $30.91. The company had a trading volume of 805,927 shares, compared to its average volume of 729,837. The stock has a market cap of $3,120.00, a P/E ratio of 15.02, a price-to-earnings-growth ratio of 2.93 and a beta of 1.56. The company has a current ratio of 3.33, a quick ratio of 1.89 and a debt-to-equity ratio of 0.27. Federated Investors has a 1 year low of $24.73 and a 1 year high of $31.82.
Federated Investors (NYSE:FII) last issued its quarterly earnings results on Thursday, October 26th. The asset manager reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.03. The firm had revenue of $278.32 million during the quarter, compared to the consensus estimate of $278.51 million. Federated Investors had a return on equity of 34.54% and a net margin of 19.32%. The company’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter last year, the company posted $0.54 EPS. sell-side analysts predict that Federated Investors will post 2.13 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 8th will be given a $0.25 dividend. The ex-dividend date is Tuesday, November 7th. This represents a $1.00 dividend on an annualized basis and a yield of 3.24%. Federated Investors’s payout ratio is 47.17%.
In related news, VP John B. Fisher sold 6,460 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $31.49, for a total value of $203,425.40. Following the completion of the sale, the vice president now owns 508,445 shares in the company, valued at approximately $16,010,933.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 7,776 shares of company stock valued at $244,827 in the last 90 days. 7.10% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in FII. UBS Asset Management Americas Inc. lifted its position in 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 valued at $1,937,000 after purchasing an additional 10,508 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Federated Investors by 25.9% in the first quarter. JPMorgan Chase & Co. now owns 98,525 shares of the asset manager’s stock valued at $2,595,000 after purchasing an additional 20,246 shares during the last quarter. OppenheimerFunds Inc. lifted its position in Federated Investors by 27.0% in the first quarter. OppenheimerFunds Inc. now owns 10,599 shares of the asset manager’s stock valued at $279,000 after purchasing an additional 2,254 shares during the last quarter. Legal & General Group Plc lifted its position in Federated Investors by 40.3% in the first quarter. Legal & General Group Plc now owns 111,211 shares of the asset manager’s stock valued at $2,928,000 after purchasing an additional 31,925 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in Federated Investors by 1.7% in the first quarter. Vanguard Group Inc. now owns 8,094,838 shares of the asset manager’s stock valued at $213,218,000 after purchasing an additional 135,042 shares during the last quarter. Hedge funds and other institutional investors own 83.75% of the company’s stock.
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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