Federated Investors, Inc. (FII) Lowered to Hold at ValuEngine
ValuEngine downgraded shares of Federated Investors, Inc. (NYSE:FII) from a buy rating to a hold rating in a research report sent to investors on Sunday.
A number of other research analysts have also recently weighed in on FII. BidaskClub cut shares of Federated Investors from a buy rating to a hold rating in a research report on Tuesday, July 25th. Royal Bank Of Canada set a $28.00 price target on shares of Federated Investors and gave the company a hold rating in a research report on Friday, July 28th. Keefe, Bruyette & Woods reaffirmed a sell rating and set a $27.00 price target on shares of Federated Investors in a research report on Thursday, August 3rd. Credit Suisse Group reduced their price target on shares of Federated Investors from $29.00 to $27.00 and set a neutral rating on the stock in a research report on Friday, August 11th. Finally, Zacks Investment Research raised shares of Federated Investors from a hold rating to a buy rating and set a $30.00 price target on the stock in a research report on Tuesday, September 12th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. The stock has an average rating of Hold and an average target price of $28.75.
Shares of Federated Investors (NYSE FII) opened at $30.67 on Friday. Federated Investors has a twelve month low of $24.93 and a twelve month high of $31.82. The stock has a market cap of $3,074.54, a P/E ratio of 14.51, a P/E/G ratio of 2.82 and a beta of 1.56. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.33 and a quick ratio of 1.89.
Federated Investors (NYSE:FII) last announced its quarterly earnings results on Thursday, October 26th. The asset manager reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. The firm had revenue of $278.32 million for the quarter, compared to analysts’ expectations of $278.51 million. Federated Investors had a net margin of 19.32% and a return on equity of 34.54%. Federated Investors’s revenue was down 5.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.54 earnings per share. equities analysts anticipate that Federated Investors will post 2.13 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 8th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, November 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.26%. Federated Investors’s payout ratio is currently 47.62%.
In other news, VP John B. Fisher sold 6,460 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $31.49, for a total transaction of $203,425.40. Following the transaction, the vice president now directly owns 508,445 shares of the company’s stock, valued at $16,010,933.05. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last three months, insiders have sold 7,776 shares of company stock worth $244,827. Corporate insiders own 7.10% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of FII. OppenheimerFunds Inc. lifted its position in shares of Federated Investors by 27.0% during the first quarter. OppenheimerFunds Inc. now owns 10,599 shares of the asset manager’s stock worth $279,000 after purchasing an additional 2,254 shares in the last quarter. State Street Corp lifted its position in shares of Federated Investors by 1.8% during the first quarter. State Street Corp now owns 2,667,033 shares of the asset manager’s stock worth $70,249,000 after purchasing an additional 47,233 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Federated Investors by 0.8% during the first quarter. Public Employees Retirement System of Ohio now owns 36,317 shares of the asset manager’s stock worth $957,000 after purchasing an additional 296 shares in the last quarter. Capstone Asset Management Co. acquired a new position in shares of Federated Investors during the second quarter worth $206,000. Finally, Bank of Montreal Can lifted its position in shares of Federated Investors by 13.2% during the second quarter. Bank of Montreal Can now owns 12,586 shares of the asset manager’s stock worth $356,000 after purchasing an additional 1,463 shares in the last quarter. 83.84% of the stock is currently 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Federated Investors Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federated Investors Inc. and related companies with MarketBeat.com's FREE daily email newsletter.