Federated Investors (NYSE:FII) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.
Other analysts have also recently issued research reports about the company. TheStreet upgraded Federated Investors from a “c+” rating to a “b” rating in a research report on Wednesday, November 21st. Zacks Investment Research reissued a “buy” rating and set a $28.00 price target on shares of Federated Investors in a research note on Monday, December 31st. Gabelli started coverage on Federated Investors in a research note on Sunday, December 16th. They set a “buy” rating and a $37.00 price target for the company. Deutsche Bank dropped their price target on Federated Investors from $24.00 to $22.00 and set a “hold” rating for the company in a research note on Friday, November 16th. Finally, Royal Bank of Canada set a $26.00 price target on Federated Investors and gave the company a “hold” rating in a research note on Monday, October 29th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $27.25.
FII traded down $0.61 during midday trading on Friday, reaching $25.30. The company had a trading volume of 702,338 shares, compared to its average volume of 769,267. The company has a quick ratio of 1.41, a current ratio of 1.65 and a debt-to-equity ratio of 0.19. The stock has a market cap of $2.62 billion, a price-to-earnings ratio of 11.61, a PEG ratio of 1.86 and a beta of 0.94. Federated Investors has a 1 year low of $22.06 and a 1 year high of $36.76.
Federated Investors (NYSE:FII) last issued its quarterly earnings results on Thursday, October 25th. The asset manager reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.05. The business had revenue of $308.62 million during the quarter, compared to analysts’ expectations of $283.04 million. Federated Investors had a return on equity of 30.19% and a net margin of 26.25%. On average, equities analysts anticipate that Federated Investors will post 2.39 earnings per share for the current fiscal year.
In other news, VP John B. Fisher sold 10,099 shares of the firm’s stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $24.89, for a total value of $251,364.11. Following the completion of the sale, the vice president now directly owns 541,485 shares of the company’s stock, valued at approximately $13,477,561.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Peter J. Germain sold 1,415 shares of the firm’s stock in a transaction that occurred on Friday, November 2nd. The shares were sold at an average price of $25.06, for a total value of $35,459.90. Following the completion of the sale, the executive vice president now directly owns 92,764 shares of the company’s stock, valued at $2,324,665.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,712 shares of company stock valued at $291,790. 5.30% of the stock is owned by corporate insiders.
Several large investors have recently bought and sold shares of FII. American Century Companies Inc. bought a new stake in shares of Federated Investors during the 2nd quarter worth approximately $300,000. BlackRock Inc. increased its holdings in Federated Investors by 10.5% during the 2nd quarter. BlackRock Inc. now owns 10,814,632 shares of the asset manager’s stock worth $252,198,000 after purchasing an additional 1,030,135 shares during the period. Dimensional Fund Advisors LP increased its holdings in Federated Investors by 4.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,089,719 shares of the asset manager’s stock worth $72,052,000 after purchasing an additional 134,621 shares during the period. BlueMountain Capital Management LLC increased its holdings in Federated Investors by 479.9% during the 2nd quarter. BlueMountain Capital Management LLC now owns 26,826 shares of the asset manager’s stock worth $626,000 after purchasing an additional 22,200 shares during the period. Finally, Renaissance Technologies LLC purchased a new position in Federated Investors during the 2nd quarter worth $9,057,000. 83.88% of the stock is owned by institutional investors and hedge funds.
About Federated Investors
Federated Investors, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, including high net worth individuals, banking or thrift institutions, investment companies, pension and profit sharing plans, pooled investment vehicles, charitable organizations, state or municipal government entities, and registered investment advisors.
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