Federated Investors Inc (NYSE:FII) – Equities researchers at Jefferies Group lifted their FY2018 earnings per share (EPS) estimates for Federated Investors in a note issued to investors on Wednesday, according to Zacks Investment Research. Jefferies Group analyst S. Thind now forecasts that the asset manager will earn $2.85 per share for the year, up from their prior estimate of $2.25. Jefferies Group has a “Hold” rating and a $30.00 price target on the stock. Jefferies Group also issued estimates for Federated Investors’ Q4 2018 earnings at $0.74 EPS and FY2019 earnings at $2.93 EPS.
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, topping analysts’ consensus estimates of $0.58 by $0.03. The business 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%. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter last year, the company posted $0.52 EPS.
Several other equities research analysts have also recently weighed in on the stock. Royal Bank of Canada raised their price objective on shares of Federated Investors to $37.00 and gave the company a “sector perform” rating in a research report on Monday, January 29th. JPMorgan Chase & Co. cut shares of Federated Investors from a “neutral” rating to an “underweight” rating and set a $31.00 price objective for the company. in a research report on Monday, January 8th. Zacks Investment Research upgraded shares of Federated Investors from a “hold” rating to a “strong-buy” rating and set a $41.00 price objective for the company in a research report on Thursday, January 4th. ValuEngine upgraded shares of Federated Investors from a “hold” rating to a “buy” rating in a research report on Thursday, November 30th. Finally, Keefe, Bruyette & Woods restated a “sell” rating and issued a $31.00 price objective on shares of Federated Investors in a research report on Wednesday, November 1st. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $31.50.
Shares of Federated Investors (NYSE:FII) opened at $34.54 on Friday. The company has a current ratio of 3.39, a quick ratio of 1.89 and a debt-to-equity ratio of 0.22. The stock has a market cap of $3,607.32, a PE ratio of 11.95, a P/E/G ratio of 1.39 and a beta of 1.36. Federated Investors has a 1 year low of $24.93 and a 1 year high of $36.76.
A number of institutional investors have recently added to or reduced their stakes in the stock. Suntrust Banks Inc. boosted its stake in Federated Investors by 2.4% during the 2nd quarter. Suntrust Banks Inc. now owns 11,374 shares of the asset manager’s stock worth $321,000 after acquiring an additional 269 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Federated Investors by 8.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,484 shares of the asset manager’s stock worth $127,000 after acquiring an additional 358 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its stake in Federated Investors by 2.4% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 16,335 shares of the asset manager’s stock worth $470,000 after acquiring an additional 387 shares during the last quarter. Utah Retirement Systems boosted its stake in Federated Investors by 2.4% during the 2nd quarter. Utah Retirement Systems now owns 17,346 shares of the asset manager’s stock worth $490,000 after acquiring an additional 400 shares during the last quarter. Finally, Advisory Services Network LLC boosted its stake in Federated Investors by 9.4% during the 2nd quarter. Advisory Services Network LLC now owns 5,968 shares of the asset manager’s stock worth $169,000 after acquiring an additional 511 shares during the last quarter. 85.40% of the stock is currently owned by institutional investors and hedge funds.
In other news, EVP Peter J. Germain sold 9,654 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $36.04, for a total value of $347,930.16. Following the transaction, the executive vice president now owns 68,987 shares of the company’s stock, valued at approximately $2,486,291.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Thomas R. Donahue sold 30,000 shares of the firm’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $34.79, for a total transaction of $1,043,700.00. Following the completion of the transaction, the chief financial officer now directly owns 634,044 shares in the company, valued at approximately $22,058,390.76. The disclosure for this sale can be found here. 7.10% of the stock is currently owned by company insiders.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 8th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend is Wednesday, February 7th. Federated Investors’s dividend payout ratio (DPR) is presently 34.60%.
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Federated Investors Company Profile
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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