Somewhat Positive News Coverage Somewhat Unlikely to Affect Federated Investors (FII) Share Price
Headlines about Federated Investors (NYSE:FII) have been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Federated Investors earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned press coverage about the asset manager an impact score of 46.1339606964614 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have effected Accern’s rankings:
- Federated Premier Intermediate Municipal : Month-End Portfolio Data Now Available for Federated Investors’ Closed-End Funds (4-traders.com)
- Federated Investment Management Company Announces Shareholder Approval of Reorganization of Federated Premier Intermediate Municipal Income Fund with and into Federated Premier Municipal Income Fund (finance.yahoo.com)
- Federated Investors, Inc. : FII-US: Dividend Analysis : November 08th, 2017 (record date) : By the numbers : November 13, 2017 (finance.yahoo.com)
- ETFs with exposure to Federated Investors, Inc. : November 13, 2017 (finance.yahoo.com)
- The Tell: Fund manager: Millennials will keep this bull market alive for at least another decade (marketwatch.com)
Federated Investors (NYSE:FII) traded up $0.18 during mid-day trading on Thursday, reaching $30.85. 600,471 shares of the company’s stock traded hands, compared to its average volume of 717,344. The stock has a market cap of $3,105.82, a PE ratio of 14.66, a P/E/G ratio of 2.86 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 has a 12-month low of $24.93 and a 12-month high of $31.82.
Federated Investors (NYSE:FII) last released its earnings results on Thursday, October 26th. The asset manager reported $0.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.03. The firm had revenue of $278.32 million during 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 for the quarter was down 5.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.54 EPS. equities analysts anticipate that Federated Investors will post 2.13 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 8th were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, November 7th. This represents a $1.00 annualized dividend and a yield of 3.24%. Federated Investors’s payout ratio is currently 47.62%.
FII has been the subject of a number of recent research reports. Royal Bank Of Canada set a $28.00 price objective on shares of Federated Investors and gave the stock a “hold” rating in a research note on Friday, July 28th. ValuEngine cut shares of Federated Investors from a “buy” rating to a “hold” rating in a research note on Sunday. BidaskClub cut shares of Federated Investors from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Jefferies Group LLC reissued a “hold” rating and set a $30.00 price objective (up from $29.00) on shares of Federated Investors in a research note on Tuesday, October 10th. Finally, Credit Suisse Group dropped their price objective on shares of Federated Investors from $29.00 to $27.00 and set a “neutral” rating for the company in a research note on Friday, August 11th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $28.75.
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In other Federated Investors news, VP John B. Fisher sold 6,460 shares of Federated Investors stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $31.49, for a total value of $203,425.40. Following the completion of the sale, the vice president now directly owns 508,445 shares of the company’s stock, valued at approximately $16,010,933.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 7,776 shares of company stock valued at $244,827 over the last ninety days. 7.10% of the stock is owned by corporate insiders.
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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