Federated Investors, Inc. (NYSE:FII) Lifted to “Buy” at ValuEngine

ValuEngine upgraded shares of Federated Investors, Inc. (NYSE:FII) from a hold rating to a buy rating in a research note issued to investors on Monday, November 6th.

Other research analysts also recently issued research reports about the stock. Keefe, Bruyette & Woods reiterated a sell rating and issued a $28.00 target price on shares of Federated Investors in a report on Friday, July 14th. Royal Bank Of Canada set a $28.00 target price on shares of Federated Investors and gave the stock a hold rating in a report on Friday, July 28th. BidaskClub downgraded shares of Federated Investors from a sell rating to a strong sell rating in a report on Monday, August 14th. Credit Suisse Group dropped their target price on shares of Federated Investors from $29.00 to $27.00 and set a neutral rating on the stock in a report on Friday, August 11th. Finally, Jefferies Group LLC reiterated a hold rating and issued a $30.00 target price (up previously from $29.00) on shares of Federated Investors in a report on Tuesday, October 10th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $28.75.

Federated Investors (NYSE FII) traded down $0.15 during trading on Monday, hitting $31.23. 171,264 shares of the stock were exchanged, compared to its average volume of 673,219. The company has a market cap of $3,166.37, a P/E ratio of 14.94, a P/E/G ratio of 2.88 and a beta of 1.56. The company has a quick ratio of 1.89, a current ratio of 3.33 and a debt-to-equity ratio of 0.27. Federated Investors has a fifty-two week low of $24.93 and a fifty-two week high of $31.82.

Federated Investors (NYSE:FII) last released 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 business had revenue of $278.32 million for the quarter, compared to the consensus estimate 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 quarter last year, the firm earned $0.54 EPS. equities research analysts anticipate that Federated Investors will post 2.15 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 8th were given 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 3.20%. Federated Investors’s dividend payout ratio is 47.62%.

In other Federated Investors news, VP John B. Fisher sold 6,460 shares of the firm’s stock in a transaction 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 sale, the vice president now directly owns 508,445 shares in the company, valued at approximately $16,010,933.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 7,776 shares of company stock worth $244,827 over the last 90 days. Company insiders own 7.10% of the company’s stock.

Several institutional investors have recently modified their holdings of FII. Bessemer Group Inc. acquired a new stake in shares of Federated Investors during the 3rd quarter valued at about $126,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Federated Investors by 8.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,484 shares of the asset manager’s stock valued at $127,000 after acquiring an additional 358 shares in the last quarter. Advisory Services Network LLC boosted its position in shares of Federated Investors by 9.4% during the 2nd quarter. Advisory Services Network LLC now owns 5,968 shares of the asset manager’s stock valued at $169,000 after acquiring an additional 511 shares in the last quarter. Cornerstone Capital Management Holdings LLC. acquired a new stake in shares of Federated Investors during the 2nd quarter valued at about $176,000. Finally, Advisor Group Inc. boosted its position in shares of Federated Investors by 9.9% during the 2nd quarter. Advisor Group Inc. now owns 6,300 shares of the asset manager’s stock valued at $177,000 after acquiring an additional 565 shares in the last quarter. Institutional investors and hedge funds own 84.47% 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Federated Investors (NYSE:FII)

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