Federated Investors (NYSE:FII) had its price objective raised by stock analysts at Deutsche Bank from $32.00 to $34.00 in a research report issued to clients and investors on Friday. The brokerage presently has a “hold” rating on the asset manager’s stock. Deutsche Bank’s price objective indicates a potential upside of 4.97% from the company’s previous close.
A number of other equities research analysts have also weighed in on FII. Royal Bank of Canada set a $31.00 target price on Federated Investors and gave the company a “hold” rating in a research note on Friday, December 15th. Zacks Investment Research lowered Federated Investors from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. JPMorgan Chase lowered Federated Investors from a “neutral” rating to an “underweight” rating and set a $31.00 price target for the company. in a research report on Monday, January 8th. Finally, Citigroup raised Federated Investors from a “sell” rating to a “neutral” rating in a research report on Monday, March 5th. Four analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $31.88.
FII opened at $32.39 on Friday. Federated Investors has a 12-month low of $25.24 and a 12-month high of $36.76. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.39 and a quick ratio of 2.98. The stock has a market capitalization of $3,333.78, a PE ratio of 14.86, a PEG ratio of 1.29 and a beta of 1.32.
Federated Investors (NYSE:FII) last posted its quarterly earnings data 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. Federated Investors had a return on equity of 33.23% and a net margin of 26.42%. The firm had revenue of $278.31 million during the quarter, compared to analysts’ expectations of $283.45 million. During the same period in the prior year, the business earned $0.52 EPS. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. equities research analysts expect that Federated Investors will post 2.77 EPS for the current year.
In other news, EVP Peter J. Germain sold 1,294 shares of the stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $34.27, for a total value of $44,345.38. Following the completion of the transaction, the executive vice president now owns 75,473 shares of the company’s stock, valued at approximately $2,586,459.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gordon J. Ceresino sold 4,487 shares of the stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $34.20, for a total value of $153,455.40. Following the completion of the transaction, the director now directly owns 194,221 shares of the company’s stock, valued at approximately $6,642,358.20. The disclosure for this sale can be found here. Insiders have sold a total of 17,803 shares of company stock valued at $608,486 in the last ninety days. 5.30% of the stock is currently owned by corporate insiders.
Several large investors have recently made changes to their positions in FII. New York State Common Retirement Fund raised its position in shares of Federated Investors by 2.8% in the 3rd quarter. New York State Common Retirement Fund now owns 547,170 shares of the asset manager’s stock worth $16,251,000 after acquiring an additional 15,140 shares in the last quarter. Legal & General Group Plc raised its position in shares of Federated Investors by 6.6% in the 3rd quarter. Legal & General Group Plc now owns 135,234 shares of the asset manager’s stock worth $4,017,000 after acquiring an additional 8,345 shares in the last quarter. Virginia Retirement Systems ET AL raised its position in shares of 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 acquiring an additional 11,600 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Federated Investors by 3.5% in the 3rd quarter. Wells Fargo & Company MN now owns 569,448 shares of the asset manager’s stock worth $16,913,000 after buying an additional 19,090 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of Federated Investors by 11.3% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 825,739 shares of the asset manager’s stock worth $24,525,000 after buying an additional 84,079 shares during the last quarter. 85.17% of the stock is owned by hedge funds and other institutional investors.
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About Federated Investors
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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