Federated Investors, Inc. (NYSE:FII) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Monday, October 30th.
According to Zacks, “Shares of Federated have outperformed the industry over the last six months. Also, the company boasts an impressive earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in all the trailing four quarters. The company’s third-quarter results reflected decline in expenses and a strong liquidity position, partially offset by lower revenues. Rise in interest rates and lower fee waivers are expected to aid top-line performance, moving ahead. Also, Federated’s inorganic growth strategies encourage us. Further, the company’s active involvement in capital deployment activities continues to inspire investors’ confidence. However, mounting expenses are a major concern. Also, strict regulations for investment management companies remain a headwind.”
Several other analysts have also issued reports on the stock. Royal Bank Of Canada set a $28.00 price target on shares of Federated Investors and gave the stock a “hold” rating in a research report on Wednesday, October 18th. Deutsche Bank AG started coverage on shares of Federated Investors in a report on Tuesday, October 17th. They issued a “hold” rating and a $31.00 price objective on the stock. BidaskClub downgraded shares of Federated Investors from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Argus cut shares of Federated Investors from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Finally, Credit Suisse Group cut 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 report on Friday, August 11th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. Federated Investors presently has an average rating of “Hold” and a consensus target price of $28.75.
Shares of Federated Investors (NYSE FII) traded up $0.14 on Monday, reaching $30.69. 341,400 shares of the company’s stock were exchanged, compared to its average volume of 718,725. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.89 and a current ratio of 3.33. Federated Investors has a 1 year low of $24.93 and a 1 year high of $31.82. The company has a market capitalization of $3,082.56, a price-to-earnings ratio of 14.55, a P/E/G ratio of 2.83 and a beta of 1.56.
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 the Zacks’ consensus estimate of $0.53 by $0.03. The firm had revenue of $278.32 million for the quarter, compared to analyst estimates of $278.51 million. Federated Investors had a net margin of 19.32% and a return on equity of 34.54%. The business’s revenue was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.54 earnings per share. research analysts forecast that Federated Investors will post 2.13 EPS for the current year.
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In other news, VP John B. Fisher sold 6,460 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the vice president now owns 508,445 shares of the company’s stock, valued at approximately $16,010,933.05. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last ninety days, insiders have sold 7,776 shares of company stock valued at $244,827. Insiders own 7.10% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of FII. Bessemer Group Inc. acquired a new stake in Federated Investors in the 3rd quarter valued at $126,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Federated Investors by 8.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,484 shares of the asset manager’s stock valued at $127,000 after purchasing an additional 358 shares during the period. FNY Partners Fund LP acquired a new stake in Federated Investors in the 1st quarter valued at $131,000. Advisory Services Network LLC grew its position in Federated Investors by 9.4% in the 2nd quarter. Advisory Services Network LLC now owns 5,968 shares of the asset manager’s stock valued at $169,000 after purchasing an additional 511 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. acquired a new stake in Federated Investors in the 2nd quarter valued at $176,000. 83.75% 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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