Q3 2016 EPS Estimates for Federated Investors Inc. (FII) Decreased by Jefferies Group
Federated Investors Inc. (NYSE:FII) – Analysts at Jefferies Group decreased their Q3 2016 earnings per share estimates for Federated Investors in a research report issued on Tuesday. Jefferies Group analyst S. Thind now expects that the firm will earn $0.50 per share for the quarter, down from their prior forecast of $0.51. Jefferies Group has a “Buy” rating and a $35.00 price objective on the stock. Jefferies Group also issued estimates for Federated Investors’ FY2016 earnings at $1.95 EPS and FY2017 earnings at $2.13 EPS.
Federated Investors (NYSE:FII) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.03. Federated Investors had a return on equity of 28.98% and a net margin of 18.30%. The business had revenue of $286.74 million for the quarter, compared to analysts’ expectations of $284.39 million. During the same period last year, the business earned $0.40 EPS. The business’s revenue was up 25.7% on a year-over-year basis.
FII has been the topic of several other reports. Zacks Investment Research raised Federated Investors from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research note on Wednesday, August 10th. Keefe, Bruyette & Woods boosted their target price on Federated Investors from $33.00 to $35.00 and gave the company a “market perform” rating in a research note on Monday, August 1st. Finally, Credit Suisse Group AG set a $27.00 target price on Federated Investors and gave the company a “sell” rating in a research note on Sunday, July 31st. Four equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $30.75.
Shares of Federated Investors (NYSE:FII) opened at 27.76 on Thursday. The stock’s 50 day moving average price is $30.84 and its 200 day moving average price is $30.74. Federated Investors has a 12 month low of $22.76 and a 12 month high of $33.13. The stock has a market capitalization of $2.76 billion, a price-to-earnings ratio of 15.25 and a beta of 1.51.
A number of large investors have recently modified their holdings of FII. Americafirst Capital Management LLC purchased a new stake in shares of Federated Investors during the second quarter valued at $101,000. Advisory Services Network LLC increased its stake in Federated Investors by 787.5% in the second quarter. Advisory Services Network LLC now owns 3,550 shares of the company’s stock valued at $102,000 after buying an additional 3,150 shares during the period. Victory Capital Management Inc. increased its stake in Federated Investors by 77.5% in the second quarter. Victory Capital Management Inc. now owns 3,704 shares of the company’s stock valued at $107,000 after buying an additional 1,617 shares during the period. Glenmede Trust Co. NA bought a new stake in Federated Investors during the second quarter valued at approximately $130,000. Finally, JFS Wealth Advisors LLC bought a new stake in Federated Investors during the second quarter valued at approximately $147,000. 75.46% of the stock is currently owned by 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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