Federated Investors (FII) Stock Rating Lowered by JPMorgan Chase & Co.
JPMorgan Chase & Co. cut shares of Federated Investors (NYSE:FII) from a neutral rating to an underweight rating in a research note published on Monday, MarketBeat reports. They currently have $31.00 price target on the asset manager’s stock.
A number of other equities research analysts also recently weighed in on the company. ValuEngine downgraded Federated Investors from a buy rating to a hold rating in a report on Sunday, November 12th. Jefferies Group reiterated a hold rating and issued a $30.00 target price (up from $29.00) on shares of Federated Investors in a report on Tuesday, October 10th. Zacks Investment Research downgraded Federated Investors from a buy rating to a hold rating in a report on Monday, September 18th. Royal Bank of Canada set a $29.00 target price on Federated Investors and gave the stock a hold rating in a report on Friday, October 27th. Finally, Citigroup lifted their target price on Federated Investors from $22.00 to $24.00 and gave the stock a sell rating in a report on Tuesday, October 31st. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Federated Investors presently has an average rating of Hold and an average price target of $30.75.
Federated Investors (NYSE FII) traded down $0.02 during trading on Monday, hitting $34.74. The company had a trading volume of 986,067 shares, compared to its average volume of 892,117. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.89 and a current ratio of 3.33. The firm has a market capitalization of $3,510.00, a price-to-earnings ratio of 16.39, a P/E/G ratio of 3.07 and a beta of 1.56. Federated Investors has a one year low of $24.93 and a one year high of $36.67.
In other 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 transaction of $203,425.40. Following the completion of the sale, the vice president now owns 508,445 shares in the company, valued at $16,010,933.05. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Thomas R. Donahue sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $34.79, for a total value of $1,043,700.00. Following the sale, the chief financial officer now owns 634,044 shares of the company’s stock, valued at approximately $22,058,390.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,430 shares of company stock valued at $1,636,457. Corporate insiders own 7.10% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bessemer Group Inc. bought a new stake in shares of Federated Investors during the third quarter valued at approximately $126,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Federated Investors by 8.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,484 shares of the asset manager’s stock valued at $127,000 after acquiring an additional 358 shares in the last quarter. Advisory Services Network LLC increased its holdings in shares of Federated Investors by 9.4% during the second quarter. Advisory Services Network LLC now owns 5,968 shares of the asset manager’s stock valued at $169,000 after acquiring an additional 511 shares in the last quarter. Cornerstone Capital Management Holdings LLC. bought a new stake in shares of Federated Investors during the second quarter valued at approximately $176,000. Finally, Advisor Group Inc. increased its holdings in shares of Federated Investors by 9.9% during the second quarter. Advisor Group Inc. now owns 6,300 shares of the asset manager’s stock valued at $177,000 after acquiring an additional 565 shares in the last quarter. Hedge funds and other institutional investors own 85.22% of the company’s stock.
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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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