Credit Suisse Group Lowers Federated Investors, Inc. (FII) Price Target to $27.00
Federated Investors, Inc. (NYSE:FII) had its price objective lowered by analysts at Credit Suisse Group from $29.00 to $27.00 in a report released on Friday. The firm currently has a “neutral” rating on the asset manager’s stock. Credit Suisse Group’s price objective would indicate a potential downside of 0.44% from the stock’s current price.
Several other analysts also recently issued reports on FII. Keefe, Bruyette & Woods reissued a “sell” rating and issued a $27.00 price target on shares of Federated Investors in a report on Thursday, August 3rd. BidaskClub cut Federated Investors from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Royal Bank Of Canada set a $28.00 target price on Federated Investors and gave the company a “hold” rating in a research report on Friday, July 28th. Finally, Zacks Investment Research cut Federated Investors from a “buy” rating to a “hold” rating in a research report on Monday, June 12th. Three analysts have rated the stock with a sell rating and six have issued a hold rating to the company. Federated Investors currently has an average rating of “Hold” and an average target price of $24.71.
Federated Investors (NYSE FII) traded up 0.15% on Friday, hitting $27.16. The stock had a trading volume of 343,539 shares. The company has a market cap of $2.65 billion, a price-to-earnings ratio of 12.93 and a beta of 1.42. Federated Investors has a 12-month low of $24.52 and a 12-month high of $33.13. The company’s 50 day moving average price is $28.51 and its 200-day moving average price is $27.02.
Federated Investors (NYSE:FII) last announced its quarterly earnings results on Thursday, July 27th. The asset manager reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.03. The business had revenue of $272.80 million for the quarter, compared to the consensus estimate of $278.51 million. Federated Investors had a return on equity of 33.93% and a net margin of 18.91%. The business’s revenue was down 4.8% on a year-over-year basis. During the same quarter last year, the business posted $0.51 EPS. Equities research analysts anticipate that Federated Investors will post $2.05 EPS for the current year.
In related news, insider Richard A. Novak sold 2,700 shares of Federated Investors stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $27.70, for a total value of $74,790.00. Following the transaction, the insider now directly owns 44,741 shares in the company, valued at approximately $1,239,325.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John B. Fisher sold 5,041 shares of Federated Investors stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $27.97, for a total value of $140,996.77. Following the completion of the transaction, the vice president now owns 514,905 shares in the company, valued at $14,401,892.85. The disclosure for this sale can be found here. Insiders sold a total of 8,875 shares of company stock worth $246,998 over the last 90 days. Insiders own 7.10% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. State Treasurer State of Michigan boosted its stake in shares of Federated Investors by 0.3% in the first quarter. State Treasurer State of Michigan now owns 37,600 shares of the asset manager’s stock valued at $990,000 after buying an additional 100 shares during the period. Camelot Portfolios LLC boosted its stake in shares of Federated Investors by 0.5% in the second 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 second 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. Northwest Investment Counselors LLC boosted its stake in shares of Federated Investors by 0.5% in the second quarter. Northwest Investment Counselors LLC now owns 58,727 shares of the asset manager’s stock valued at $1,659,000 after buying an additional 287 shares during the period. Finally, Advantus Capital Management Inc boosted its stake in shares of Federated Investors by 2.5% in the first quarter. Advantus Capital Management Inc now owns 11,849 shares of the asset manager’s stock valued at $312,000 after buying an additional 290 shares during the period. 85.54% of the stock is owned by institutional investors and hedge funds.
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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