ValuEngine Downgrades Federated Investors (NYSE:FII) to Hold

ValuEngine cut shares of Federated Investors (NYSE:FII) from a buy rating to a hold rating in a research note issued to investors on Thursday, ValuEngine reports.

Other equities research analysts have also recently issued reports about the stock. Citigroup upped their target price on shares of Federated Investors from $31.00 to $32.00 and gave the company a neutral rating in a report on Tuesday, July 9th. JPMorgan Chase & Co. raised shares of Federated Investors from a neutral rating to an overweight rating and upped their target price for the company from $34.00 to $36.00 in a report on Monday, June 10th. Bank of America set a $28.00 target price on shares of Federated Investors and gave the company a sell rating in a report on Tuesday, April 9th. Finally, Zacks Investment Research cut shares of Federated Investors from a buy rating to a hold rating in a report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $30.71.

Shares of FII stock traded up $0.08 on Thursday, reaching $33.99. The stock had a trading volume of 487,160 shares, compared to its average volume of 663,266. The company has a quick ratio of 1.90, a current ratio of 2.23 and a debt-to-equity ratio of 0.14. The stock’s 50-day moving average price is $33.16. The stock has a market capitalization of $3.52 billion, a price-to-earnings ratio of 14.22, a price-to-earnings-growth ratio of 1.92 and a beta of 0.78. Federated Investors has a 12 month low of $22.06 and a 12 month high of $35.98.

Federated Investors (NYSE:FII) last issued its earnings results on Thursday, July 25th. The asset manager reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.02. The company had revenue of $321.50 million for the quarter, compared to analysts’ expectations of $317.81 million. Federated Investors had a net margin of 19.16% and a return on equity of 27.29%. Federated Investors’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.38 EPS. Research analysts forecast that Federated Investors will post 2.49 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 8th will be paid a $0.27 dividend. The ex-dividend date is Wednesday, August 7th. This represents a $1.08 dividend on an annualized basis and a yield of 3.18%. Federated Investors’s dividend payout ratio (DPR) is currently 45.19%.

In related news, VP Meter Stephen Van sold 2,284 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $30.73, for a total value of $70,187.32. Following the transaction, the vice president now owns 24,058 shares in the company, valued at approximately $739,302.34. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Paul A. Uhlman sold 40,000 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $35.15, for a total transaction of $1,406,000.00. Following the completion of the transaction, the vice president now owns 195,364 shares in the company, valued at approximately $6,867,044.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 143,549 shares of company stock worth $4,610,195. 5.50% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Schneider Downs Wealth Management Advisors LP grew its position in shares of Federated Investors by 2.2% during the 1st quarter. Schneider Downs Wealth Management Advisors LP now owns 5,349,295 shares of the asset manager’s stock worth $156,788,000 after purchasing an additional 116,654 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Federated Investors by 0.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,067,345 shares of the asset manager’s stock worth $81,438,000 after purchasing an additional 21,716 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Federated Investors by 11.0% during the 4th quarter. Geode Capital Management LLC now owns 1,299,905 shares of the asset manager’s stock worth $34,660,000 after purchasing an additional 128,662 shares in the last quarter. Norges Bank acquired a new position in shares of Federated Investors during the 4th quarter worth approximately $34,234,000. Finally, Bank of America Corp DE grew its position in shares of Federated Investors by 1.2% during the 4th quarter. Bank of America Corp DE now owns 685,172 shares of the asset manager’s stock worth $18,191,000 after purchasing an additional 8,399 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

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.

Further Reading: Quick Ratio

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Analyst Recommendations for Federated Investors (NYSE:FII)

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