Federated Investors (FII) Sets New 52-Week High at $32.76

Federated Investors Inc (NYSE:FII) hit a new 52-week high during trading on Monday . The company traded as high as $32.76 and last traded at $32.69, with a volume of 14316 shares trading hands. The stock had previously closed at $32.65.

FII has been the topic of several analyst reports. Bank of America set a $28.00 price target on shares of Federated Investors and gave the stock a “sell” rating in a research note on Tuesday, April 9th. Zacks Investment Research cut shares of Federated Investors from a “buy” rating to a “hold” rating in a research note on Monday, December 17th. ValuEngine raised shares of Federated Investors from a “sell” rating to a “hold” rating in a research note on Thursday, December 20th. Citigroup raised shares of Federated Investors from a “sell” rating to a “neutral” rating and raised their target price for the stock from $21.00 to $24.00 in a research report on Tuesday, December 18th. Finally, Gabelli assumed coverage on shares of Federated Investors in a research report on Sunday, December 16th. They issued a “buy” rating and a $37.00 target price on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $27.50.

The company has a current ratio of 1.68, a quick ratio of 1.49 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $3.24 billion, a PE ratio of 13.58, a P/E/G ratio of 1.74 and a beta of 0.87.

Federated Investors (NYSE:FII) last released its earnings results on Thursday, January 24th. The asset manager reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.01. Federated Investors had a net margin of 19.40% and a return on equity of 29.33%. The business had revenue of $307.20 million for the quarter, compared to analysts’ expectations of $305.68 million. During the same period last year, the company earned $0.61 earnings per share. The company’s quarterly revenue was up 10.4% on a year-over-year basis. Research analysts anticipate that Federated Investors Inc will post 2.49 EPS for the current fiscal year.

In related news, Director Gordon J. Ceresino sold 5,067 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $29.75, for a total value of $150,743.25. Following the transaction, the director now owns 190,469 shares in the company, valued at $5,666,452.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael J. Farrell sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $29.59, for a total transaction of $88,770.00. Following the completion of the transaction, the director now owns 41,150 shares in the company, valued at approximately $1,217,628.50. The disclosure for this sale can be found here. Insiders sold 38,029 shares of company stock worth $1,126,318 over the last three months. Corporate insiders own 5.50% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Essex Savings Bank purchased a new position in Federated Investors in the fourth quarter valued at approximately $35,000. Parallel Advisors LLC raised its stake in shares of Federated Investors by 627.7% during the fourth quarter. Parallel Advisors LLC now owns 1,841 shares of the asset manager’s stock valued at $48,000 after purchasing an additional 1,588 shares during the period. Bremer Trust National Association purchased a new stake in shares of Federated Investors during the fourth quarter valued at approximately $65,000. Huntington National Bank raised its stake in shares of Federated Investors by 15.4% during the fourth quarter. Huntington National Bank now owns 4,047 shares of the asset manager’s stock valued at $107,000 after purchasing an additional 541 shares during the period. Finally, Riverhead Capital Management LLC purchased a new stake in shares of Federated Investors during the third quarter valued at approximately $106,000. Hedge funds and other institutional investors own 85.69% of the company’s stock.

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About Federated Investors (NYSE:FII)

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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