Federated Investors Inc (FII) to Post FY2017 Earnings of $2.18 Per Share, Jefferies Group Forecasts

Federated Investors Inc (NYSE:FII) – Equities researchers at Jefferies Group increased their FY2017 earnings estimates for Federated Investors in a research note issued to investors on Wednesday. Jefferies Group analyst S. Thind now expects that the asset manager will earn $2.18 per share for the year, up from their previous estimate of $2.17. Jefferies Group currently has a “Hold” rating and a $30.00 price target on the stock. Jefferies Group also issued estimates for Federated Investors’ Q4 2017 earnings at $0.61 EPS, Q1 2018 earnings at $0.68 EPS, Q2 2018 earnings at $0.70 EPS and Q3 2018 earnings at $0.73 EPS.

Federated Investors (NYSE:FII) last announced its quarterly earnings data on Thursday, October 26th. The asset manager reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.03. Federated Investors had a net margin of 19.32% and a return on equity of 34.54%. The business had revenue of $278.32 million for the quarter, compared to analyst estimates of $278.51 million. During the same period in the prior year, the business posted $0.54 earnings per share. Federated Investors’s revenue was down 5.5% compared to the same quarter last year.

Several other equities research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Federated Investors from a “buy” rating to a “hold” rating in a research note on Monday, September 18th. Royal Bank of Canada set a $31.00 target price on shares of Federated Investors and gave the company a “hold” rating in a research note on Friday, December 15th. Argus downgraded shares of Federated Investors from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. ValuEngine raised shares of Federated Investors from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th. Finally, Deutsche Bank started coverage on shares of Federated Investors in a research note on Tuesday, October 17th. They issued a “hold” rating and a $31.00 target price for the company. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $30.75.

Federated Investors (FII) opened at $35.00 on Thursday. Federated Investors has a twelve month low of $24.93 and a twelve month high of $36.67. The company has a quick ratio of 1.89, a current ratio of 3.33 and a debt-to-equity ratio of 0.27. The firm has a market cap of $3,510.00, a P/E ratio of 16.51, a P/E/G ratio of 3.07 and a beta of 1.56.

Hedge funds have recently modified their holdings of the company. Virginia Retirement Systems ET AL increased its position in shares of Federated Investors by 46.4% during the third quarter. Virginia Retirement Systems ET AL now owns 36,600 shares of the asset manager’s stock worth $1,087,000 after acquiring an additional 11,600 shares in the last quarter. FMR LLC boosted its holdings in Federated Investors by 3.5% during the second quarter. FMR LLC now owns 9,096,091 shares of the asset manager’s stock worth $256,965,000 after purchasing an additional 304,322 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Federated Investors by 50.8% during the second quarter. Ameriprise Financial Inc. now owns 520,348 shares of the asset manager’s stock worth $14,698,000 after purchasing an additional 175,384 shares during the last quarter. Simmons Bank boosted its holdings in Federated Investors by 3.8% during the second quarter. Simmons Bank now owns 213,031 shares of the asset manager’s stock worth $6,019,000 after purchasing an additional 7,722 shares during the last quarter. Finally, Rehmann Capital Advisory Group acquired a new position in Federated Investors during the third quarter worth $277,000. 85.22% of the stock is owned by institutional investors.

In other news, VP John B. Fisher sold 6,460 shares of the stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $31.49, for a total transaction of $203,425.40. Following the completion of the sale, the vice president now owns 508,445 shares of the company’s stock, valued at $16,010,933.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Thomas R. Donahue sold 30,000 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $34.79, for a total transaction of $1,043,700.00. Following the sale, the chief financial officer now directly owns 634,044 shares of the company’s stock, valued at approximately $22,058,390.76. The disclosure for this sale can be found here. Insiders sold 47,430 shares of company stock valued at $1,636,457 in the last ninety days. Insiders own 7.10% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Federated Investors Inc (FII) to Post FY2017 Earnings of $2.18 Per Share, Jefferies Group Forecasts” was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The legal version of this story can be read at https://www.dispatchtribunal.com/2018/01/12/federated-investors-inc-fii-to-post-fy2017-earnings-of-2-18-per-share-jefferies-group-forecasts.html.

About Federated Investors

Federated Investors, Inc (Federated) is a provider of investment management products and related financial services. Federated operates through investment management business segment. It is engaged in sponsoring, marketing and providing investment-related services to various investment products, including mutual funds and Separate Accounts, which include separately managed accounts, institutional accounts, sub-advised funds and other managed products.

Receive News & Ratings for Federated Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federated Investors and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply