Federated Investors Inc (NYSE:FII) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Federated Investors Inc (NYSE:FII) have received an average rating of “Hold” from the nine research firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $30.17.

Several research firms have issued reports on FII. JPMorgan Chase & Co. raised shares of Federated Investors from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $34.00 to $36.00 in a report on Monday, June 10th. Citigroup lifted their price target on shares of Federated Investors from $31.00 to $32.00 and gave the stock a “neutral” rating in a report on Tuesday, July 9th. ValuEngine lowered shares of Federated Investors from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Bank of America set a $28.00 price target on shares of Federated Investors and gave the stock a “sell” rating in a report on Tuesday, April 9th. Finally, Zacks Investment Research lowered shares of Federated Investors from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd.

FII stock traded down $1.13 during trading on Wednesday, hitting $32.37. 12,768 shares of the company’s stock traded hands, compared to its average volume of 716,479. The company has a market capitalization of $3.44 billion, a price-to-earnings ratio of 13.62, a P/E/G ratio of 1.88 and a beta of 0.79. The stock’s fifty day moving average price is $33.27. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.23 and a quick ratio of 1.92. Federated Investors has a 1 year low of $22.06 and a 1 year high of $35.98.

Federated Investors (NYSE:FII) last released its quarterly earnings results on Thursday, July 25th. The asset manager reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.02. Federated Investors had a net margin of 19.16% and a return on equity of 27.29%. The business had revenue of $321.50 million for the quarter, compared to analyst estimates of $317.81 million. During the same period in the previous year, the company earned $0.38 earnings per share. The business’s revenue for the quarter was up 25.6% on a year-over-year basis. On average, sell-side analysts anticipate that Federated Investors will post 2.49 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 8th will be paid a dividend of $0.27 per share. The ex-dividend date is Wednesday, August 7th. This represents a $1.08 annualized dividend and a dividend yield of 3.34%. Federated Investors’s payout ratio is currently 45.19%.

In related news, VP Meter Stephen Van sold 2,284 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $30.73, for a total transaction of $70,187.32. Following the completion of the transaction, the vice president now directly owns 24,058 shares in the company, valued at $739,302.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John B. Fisher sold 100,000 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $30.94, for a total transaction of $3,094,000.00. Following the transaction, the vice president now owns 488,030 shares of the company’s stock, valued at $15,099,648.20. The disclosure for this sale can be found here. Insiders have sold 143,622 shares of company stock valued at $4,612,669 over the last quarter. Insiders own 5.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Municipal Employees Retirement System of Michigan lifted its position in Federated Investors by 1.7% during the second quarter. Municipal Employees Retirement System of Michigan now owns 17,700 shares of the asset manager’s stock valued at $575,000 after purchasing an additional 300 shares during the period. Capital City Trust Co. FL lifted its position in Federated Investors by 1.6% during the second quarter. Capital City Trust Co. FL now owns 20,542 shares of the asset manager’s stock valued at $668,000 after purchasing an additional 332 shares during the period. State of Alaska Department of Revenue lifted its position in Federated Investors by 3.2% during the second quarter. State of Alaska Department of Revenue now owns 13,184 shares of the asset manager’s stock valued at $428,000 after purchasing an additional 409 shares during the period. Retirement Systems of Alabama lifted its position in Federated Investors by 0.3% during the second quarter. Retirement Systems of Alabama now owns 125,071 shares of the asset manager’s stock valued at $4,065,000 after purchasing an additional 424 shares during the period. Finally, Oregon Public Employees Retirement Fund lifted its position in Federated Investors by 1.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 38,677 shares of the asset manager’s stock valued at $1,257,000 after purchasing an additional 547 shares during the period. Institutional investors own 82.76% of the company’s stock.

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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Analyst Recommendations for Federated Investors (NYSE:FII)

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