Jefferies Financial Group Research Analysts Cut Earnings Estimates for Federated Investors Inc (NYSE:FII)

Federated Investors Inc (NYSE:FII) – Research analysts at Jefferies Financial Group cut their Q1 2019 earnings estimates for Federated Investors in a research report issued to clients and investors on Monday, April 8th, according to Zacks Investment Research. Jefferies Financial Group analyst D. Fannon now anticipates that the asset manager will post earnings of $0.61 per share for the quarter, down from their prior estimate of $0.62. Jefferies Financial Group also issued estimates for Federated Investors’ FY2019 earnings at $2.56 EPS.

Federated Investors (NYSE:FII) last announced its quarterly earnings data on Thursday, April 25th. The asset manager reported $0.54 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.02). The company had revenue of $307.10 million for the quarter, compared to analysts’ expectations of $309.09 million. Federated Investors had a return on equity of 27.79% and a net margin of 18.20%. The company’s revenue was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.60 earnings per share.

FII has been the subject of a number of other research reports. ValuEngine raised shares of Federated Investors from a “sell” rating to a “hold” rating in a research report on Thursday, February 28th. Zacks Investment Research downgraded shares of Federated Investors from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Bank of America set a $28.00 target price on shares of Federated Investors and gave the stock a “sell” rating in a research report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $27.50.

Shares of FII stock traded up $0.29 during trading hours on Thursday, hitting $31.52. 430,978 shares of the company were exchanged, compared to its average volume of 906,367. The firm has a market cap of $3.18 billion, a P/E ratio of 13.19, a PEG ratio of 1.87 and a beta of 0.87. Federated Investors has a 1 year low of $22.06 and a 1 year high of $33.77. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.11 and a quick ratio of 1.49.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 8th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date is Tuesday, May 7th. Federated Investors’s dividend payout ratio (DPR) is presently 45.19%.

In other Federated Investors news, Director Michael J. Farrell sold 3,000 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $29.59, for a total value of $88,770.00. Following the completion of the sale, the director now owns 41,150 shares of the company’s stock, valued at $1,217,628.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gordon J. Ceresino sold 13,316 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $29.34, for a total transaction of $390,691.44. Following the completion of the sale, the director now directly owns 177,153 shares of the company’s stock, valued at approximately $5,197,669.02. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,029 shares of company stock valued at $1,126,318. Corporate insiders own 5.50% of the company’s stock.

Large investors have recently modified their holdings of the business. Essex Savings Bank acquired a new stake in Federated Investors in the fourth quarter valued at approximately $35,000. Quadrant Capital Group LLC grew its position in Federated Investors by 2,366.7% in the first quarter. Quadrant Capital Group LLC now owns 1,702 shares of the asset manager’s stock valued at $49,000 after acquiring an additional 1,633 shares in the last quarter. Parallel Advisors LLC grew its position 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 worth $48,000 after buying an additional 1,588 shares in the last quarter. Bremer Trust National Association acquired a new stake in shares of Federated Investors during the fourth quarter worth approximately $65,000. Finally, Huntington National Bank grew its position 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 worth $107,000 after buying an additional 541 shares in the last quarter. 85.75% of the stock is owned by institutional investors.

Federated Investors Company Profile

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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