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.

Federated Investors (NYSE:FII) last posted its quarterly earnings data on Thursday, October 26th. The asset manager reported $0.56 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.03. The company had revenue of $278.32 million for the quarter, compared to analyst estimates of $278.51 million. Federated Investors had a return on equity of 34.54% and a net margin of 19.32%. The firm’s quarterly revenue was down 5.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.54 earnings per share. analysts predict that Federated Investors will post 2.15 EPS for the current year.

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.

Analyst Recommendations for Federated Investors (NYSE:FII)

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