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.
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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.
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