Federated Investors Inc. (FII) PT Lowered to $35.00
Federated Investors Inc. (NYSE:FII) had its price objective dropped by equities research analysts at Jefferies Group from $37.00 to $35.00 in a research note issued on Tuesday. The brokerage presently has a “buy” rating on the stock. Jefferies Group’s target price points to a potential upside of 24.47% from the stock’s current price.
A number of other equities research analysts have also weighed in on FII. Credit Suisse Group AG set a $27.00 target price on shares of Federated Investors and gave the stock a “sell” rating in a report on Sunday, July 31st. Zacks Investment Research lowered shares of Federated Investors from a “hold” rating to a “sell” rating in a report on Tuesday, June 14th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Federated Investors from $33.00 to $35.00 and gave the company a “market perform” rating in a research note on Monday, August 1st. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $30.75.
Shares of Federated Investors (NYSE:FII) opened at 28.12 on Tuesday. Federated Investors has a 1-year low of $22.76 and a 1-year high of $33.13. The firm has a market cap of $2.80 billion, a P/E ratio of 15.45 and a beta of 1.51. The firm has a 50 day moving average price of $30.96 and a 200 day moving average price of $30.76.
Federated Investors (NYSE:FII) last posted its earnings results on Thursday, July 28th. The company reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.03. Federated Investors had a net margin of 18.30% and a return on equity of 28.98%. The company had revenue of $286.74 million for the quarter, compared to analyst estimates of $284.39 million. During the same quarter in the prior year, the business posted $0.40 EPS. The firm’s revenue was up 25.7% compared to the same quarter last year. Analysts anticipate that Federated Investors will post $1.98 EPS for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in FII. Vanguard Group Inc. increased its position in Federated Investors by 2.0% in the second quarter. Vanguard Group Inc. now owns 7,059,093 shares of the company’s stock worth $203,161,000 after buying an additional 138,284 shares in the last quarter. BlackRock Fund Advisors increased its position in Federated Investors by 8.3% in the first quarter. BlackRock Fund Advisors now owns 6,138,156 shares of the company’s stock worth $177,086,000 after buying an additional 470,282 shares in the last quarter. Royce & Associates LP increased its position in Federated Investors by 4.3% in the second quarter. Royce & Associates LP now owns 5,176,204 shares of the company’s stock worth $148,971,000 after buying an additional 212,673 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in Federated Investors by 2.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,897,691 shares of the company’s stock worth $83,396,000 after buying an additional 82,577 shares in the last quarter. Finally, State Street Corp increased its position in Federated Investors by 1.2% in the second quarter. State Street Corp now owns 2,708,256 shares of the company’s stock worth $77,947,000 after buying an additional 33,184 shares in the last quarter. 75.46% of the stock is owned by hedge funds and other institutional investors.
About Federated Investors
Federated Investors, Inc (Federated) is a provider of investment management products and related financial services. The Company 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, in both domestic and international markets.
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