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.
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.
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