Federated Investors, Inc. (FII) Rating Lowered to Hold at ValuEngine
Federated Investors, Inc. (NYSE:FII) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Sunday.
A number of other equities analysts have also recently commented on the company. Keefe, Bruyette & Woods restated a “sell” rating and set a $31.00 target price on shares of Federated Investors in a report on Wednesday, November 1st. Zacks Investment Research upgraded Federated Investors from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a report on Tuesday, October 31st. Citigroup Inc. raised their target price on Federated Investors from $22.00 to $24.00 and gave the company a “sell” rating in a report on Tuesday, October 31st. Argus cut Federated Investors from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Finally, Royal Bank Of Canada set a $29.00 target price on Federated Investors and gave the company a “hold” rating in a report on Friday, October 27th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $28.75.
Federated Investors (FII) opened at $30.47 on Friday. The firm has a market capitalization of $3,096.74, a price-to-earnings ratio of 14.61, a PEG ratio of 2.85 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 twelve month low of $24.93 and a twelve month high of $31.82.
Federated Investors (NYSE:FII) last announced its earnings results on Thursday, October 26th. The asset manager reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. Federated Investors had a return on equity of 34.54% and a net margin of 19.32%. The company had revenue of $278.32 million during the quarter, compared to analysts’ expectations of $278.51 million. During the same period last year, the business posted $0.54 EPS. Federated Investors’s revenue for the quarter was down 5.5% on a year-over-year basis. research analysts predict that Federated Investors will post 2.13 earnings per share for the current year.
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In other news, VP John B. Fisher sold 6,460 shares of Federated Investors stock in a transaction dated 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 transaction, the vice president now owns 508,445 shares in the company, valued at approximately $16,010,933.05. The sale was disclosed in a document filed 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 quarter. Company insiders own 7.10% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Camelot Portfolios LLC boosted its stake in shares of Federated Investors by 0.5% in the 2nd quarter. Camelot Portfolios LLC now owns 24,859 shares of the asset manager’s stock valued at $702,000 after buying an additional 119 shares during the period. Lowe Brockenbrough & Co. Inc. boosted its stake in shares of Federated Investors by 0.8% in the 2nd quarter. Lowe Brockenbrough & Co. Inc. now owns 18,000 shares of the asset manager’s stock valued at $508,000 after buying an additional 150 shares during the period. Suntrust Banks Inc. boosted its stake in shares of Federated Investors by 2.4% in the 2nd quarter. Suntrust Banks Inc. now owns 11,374 shares of the asset manager’s stock valued at $321,000 after buying an additional 269 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of Federated Investors by 0.8% in the 1st quarter. Public Employees Retirement System of Ohio now owns 36,317 shares of the asset manager’s stock valued at $957,000 after buying an additional 296 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Federated Investors by 8.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,484 shares of the asset manager’s stock valued at $127,000 after buying an additional 358 shares during the period. Institutional investors and hedge funds own 83.84% 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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