Federated Investors (NYSE:FII) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued on Thursday, January 4th. The brokerage currently has a $41.00 price target on the asset manager’s stock. Zacks Investment Research‘s target price indicates a potential upside of 17.41% from the stock’s previous close.
According to Zacks, “Shares of Federated have outperformed the industry over the last six months. Also, the company boasts an impressive earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in all the trailing four quarters. It’s top-line continues to get support from the rise in interest rates and increasing assets under management. Also, Federated’s inorganic growth strategies to expand fund offerings encourage us. However, mounting expenses remain a major concern. Also, stretched valuation indicates limited upside potential in the stock.”
FII has been the subject of several other research reports. Deutsche Bank began coverage on Federated Investors in a research note on Tuesday, October 17th. They set a “hold” rating and a $31.00 target price for the company. Argus cut Federated Investors from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Keefe, Bruyette & Woods reiterated a “sell” rating and issued a $31.00 target price on shares of Federated Investors in a report on Wednesday, November 1st. ValuEngine upgraded Federated Investors from a “hold” rating to a “buy” rating in a report on Thursday, November 30th. Finally, Citigroup increased their price target on Federated Investors from $22.00 to $24.00 and gave the stock a “sell” rating in a report on Tuesday, October 31st. Four research analysts have rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $31.50.
Federated Investors (FII) opened at $34.92 on Thursday. The company has a market cap of $3,608.33, a price-to-earnings ratio of 12.08, a price-to-earnings-growth ratio of 1.39 and a beta of 1.56. Federated Investors has a 52-week low of $24.93 and a 52-week high of $36.76. The company has a current ratio of 3.39, a quick ratio of 1.89 and a debt-to-equity ratio of 0.22.
Federated Investors (NYSE:FII) last announced its earnings results on Thursday, January 25th. The asset manager reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.03. The company had revenue of $278.31 million during the quarter, compared to analysts’ expectations of $283.45 million. Federated Investors had a net margin of 26.42% and a return on equity of 33.23%. Federated Investors’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.52 earnings per share. equities analysts predict that Federated Investors will post 2.79 EPS for the current year.
In other news, VP John B. Fisher sold 6,460 shares of the firm’s stock in a transaction on Thursday, November 2nd. The stock was 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 directly owns 508,445 shares of the company’s stock, valued at approximately $16,010,933.05. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Peter J. Germain sold 9,654 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $36.04, for a total value of $347,930.16. Following the sale, the executive vice president now directly owns 68,987 shares of the company’s stock, valued at $2,486,291.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,430 shares of company stock valued at $1,636,457. Insiders own 7.10% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Virginia Retirement Systems ET AL boosted its stake in Federated Investors by 46.4% in the 3rd quarter. Virginia Retirement Systems ET AL now owns 36,600 shares of the asset manager’s stock worth $1,087,000 after purchasing an additional 11,600 shares during the period. FMR LLC boosted its stake in Federated Investors by 3.5% in the 2nd 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 period. Ameriprise Financial Inc. boosted its stake in Federated Investors by 50.8% in the 2nd 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 period. Simmons Bank boosted its stake in Federated Investors by 3.8% in the 2nd 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 period. Finally, Rehmann Capital Advisory Group bought a new position in Federated Investors in the 3rd quarter worth about $277,000. Institutional investors and hedge funds own 85.40% 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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