JPMorgan Chase & Co. Downgrades Federated Investors (NYSE:FII) to Underweight

Federated Investors (NYSE:FII) was downgraded by JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a research report issued to clients and investors on Monday, January 8th, MarketBeat.com reports. They presently have a $31.00 price objective on the asset manager’s stock. JPMorgan Chase & Co.’s price objective would indicate a potential downside of 11.78% from the stock’s previous close.

FII has been the subject of several other reports. ValuEngine upgraded shares of Federated Investors from a “hold” rating to a “buy” rating in a research note on Monday, November 6th. Argus downgraded shares of Federated Investors from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. Zacks Investment Research upgraded shares of Federated Investors from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a research note on Monday, October 2nd. Keefe, Bruyette & Woods reiterated a “sell” rating and set a $31.00 price objective on shares of Federated Investors in a research note on Wednesday, November 1st. Finally, Royal Bank of Canada set a $31.00 target price on shares of Federated Investors and gave the stock a “hold” rating in a report on Friday, December 15th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $30.75.

Federated Investors (NYSE FII) opened at $35.14 on Monday. The company has a current ratio of 3.33, a quick ratio of 1.89 and a debt-to-equity ratio of 0.27. The stock has a market cap of $3,545.77, a PE ratio of 16.73, a price-to-earnings-growth ratio of 1.35 and a beta of 1.56. Federated Investors has a 52-week low of $24.93 and a 52-week high of $36.67.

Federated Investors (NYSE:FII) last issued its quarterly earnings results on Thursday, October 26th. The asset manager reported $0.56 EPS for the quarter, topping the consensus estimate of $0.53 by $0.03. Federated Investors had a net margin of 19.32% and a return on equity of 34.54%. The firm had revenue of $278.32 million during the quarter, compared to analyst estimates of $278.51 million. During the same quarter in the prior year, the business posted $0.54 earnings per share. Federated Investors’s revenue for the quarter was down 5.5% compared to the same quarter last year. equities analysts expect that Federated Investors will post 2.16 EPS for the current year.

In other 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 transaction, the vice president now owns 508,445 shares of the company’s stock, valued at $16,010,933.05. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Thomas R. Donahue sold 30,000 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $34.79, for a total transaction of $1,043,700.00. Following the completion of the sale, the chief financial officer now owns 634,044 shares in the company, valued at approximately $22,058,390.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 47,430 shares of company stock valued at $1,636,457. Corporate insiders own 7.10% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of FII. Bessemer Group Inc. acquired a new stake in Federated Investors during the third quarter worth $126,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Federated Investors by 8.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,484 shares of the asset manager’s stock valued at $127,000 after buying an additional 358 shares during the last quarter. Advisory Services Network LLC raised its holdings in Federated Investors by 9.4% during the 2nd quarter. Advisory Services Network LLC now owns 5,968 shares of the asset manager’s stock worth $169,000 after purchasing an additional 511 shares during the last quarter. Cornerstone Capital Management Holdings LLC. bought a new stake in Federated Investors during the 2nd quarter worth about $176,000. Finally, Advisor Group Inc. raised its holdings in Federated Investors by 9.9% during the 2nd quarter. Advisor Group Inc. now owns 6,300 shares of the asset manager’s stock worth $177,000 after purchasing an additional 565 shares during the last quarter. Hedge funds and other institutional investors own 85.11% of the company’s stock.

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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.

Analyst Recommendations for Federated Investors (NYSE:FII)

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