Shares of Federated Investors (NYSE:FII) have been assigned an average rating of “Hold” from the eleven research firms that are currently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $29.79.
FII has been the subject of a number of analyst reports. Zacks Investment Research lowered Federated Investors from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Deutsche Bank increased their price target on Federated Investors from $32.00 to $34.00 and gave the stock a “hold” rating in a research note on Friday, April 6th. Citigroup upgraded Federated Investors from a “sell” rating to a “neutral” rating in a research note on Monday, March 5th. Jefferies Group reiterated a “hold” rating and issued a $32.00 price target on shares of Federated Investors in a research note on Wednesday, April 11th. Finally, JPMorgan Chase set a $25.00 price target on Federated Investors and gave the stock a “sell” rating in a research note on Tuesday, May 1st.
FII stock traded up $0.18 during trading on Monday, reaching $24.99. The company’s stock had a trading volume of 685,900 shares, compared to its average volume of 1,223,819. Federated Investors has a 1 year low of $24.11 and a 1 year high of $36.76. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.91 and a current ratio of 4.43. The firm has a market capitalization of $2.52 billion, a PE ratio of 11.54, a PEG ratio of 1.85 and a beta of 1.36.
Federated Investors (NYSE:FII) last issued its quarterly earnings results on Thursday, April 26th. The asset manager reported $0.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.05). Federated Investors had a return on equity of 32.55% and a net margin of 27.63%. The business had revenue of $263.85 million during the quarter, compared to analysts’ expectations of $277.61 million. During the same quarter in the previous year, the company posted $0.49 EPS. The company’s quarterly revenue was down 3.5% on a year-over-year basis. sell-side analysts forecast that Federated Investors will post 2.4 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 15th. Stockholders of record on Tuesday, May 8th were given a dividend of $0.27 per share. This is a positive change from Federated Investors’s previous quarterly dividend of $0.25. The ex-dividend date was Monday, May 7th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.32%. Federated Investors’s dividend payout ratio (DPR) is presently 49.54%.
In other news, Director Gordon J. Ceresino sold 4,487 shares of the firm’s stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $34.20, for a total transaction of $153,455.40. Following the completion of the transaction, the director now owns 194,221 shares in the company, valued at $6,642,358.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP John B. Fisher sold 11,683 shares of the firm’s stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $34.16, for a total value of $399,091.28. Following the transaction, the vice president now owns 563,267 shares of the company’s stock, valued at approximately $19,241,200.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,803 shares of company stock valued at $608,486. Company insiders own 5.30% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Bank of Montreal Can grew its position in shares of Federated Investors by 10.1% during the fourth quarter. Bank of Montreal Can now owns 16,128 shares of the asset manager’s stock valued at $582,000 after purchasing an additional 1,479 shares in the last quarter. Raymond James & Associates grew its position in shares of Federated Investors by 4.5% during the fourth quarter. Raymond James & Associates now owns 34,399 shares of the asset manager’s stock valued at $1,241,000 after purchasing an additional 1,496 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Federated Investors by 34.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,025 shares of the asset manager’s stock valued at $217,000 after purchasing an additional 1,541 shares in the last quarter. Hourglass Capital LLC grew its position in shares of Federated Investors by 1.5% during the first quarter. Hourglass Capital LLC now owns 141,340 shares of the asset manager’s stock valued at $4,721,000 after purchasing an additional 2,100 shares in the last quarter. Finally, Biondo Investment Advisors LLC grew its position in shares of Federated Investors by 2.0% during the fourth quarter. Biondo Investment Advisors LLC now owns 108,977 shares of the asset manager’s stock valued at $3,932,000 after purchasing an additional 2,105 shares in the last quarter. Hedge funds and other institutional investors own 84.75% of the company’s stock.
Federated Investors Company Profile
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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