Federated Investors Inc (NYSE:FII) – Equities research analysts at Jefferies Financial Group boosted their FY2018 earnings estimates for shares of Federated Investors in a report issued on Monday, December 3rd. Jefferies Financial Group analyst D. Fannon now anticipates that the asset manager will earn $2.39 per share for the year, up from their previous estimate of $2.31. Jefferies Financial Group also issued estimates for Federated Investors’ Q4 2018 earnings at $0.60 EPS.
Federated Investors (NYSE:FII) last issued its earnings results on Thursday, October 25th. The asset manager reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.05. The company had revenue of $308.62 million during the quarter, compared to the consensus estimate of $283.04 million. Federated Investors had a net margin of 26.25% and a return on equity of 30.19%.
Several other research analysts have also recently issued reports on FII. TheStreet raised shares of Federated Investors from a “c+” rating to a “b” rating in a report on Wednesday, November 21st. Zacks Investment Research downgraded shares of Federated Investors from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 19th. Deutsche Bank lowered their target price on shares of Federated Investors from $24.00 to $22.00 and set a “hold” rating for the company in a report on Friday, November 16th. Royal Bank of Canada set a $26.00 price target on shares of Federated Investors and gave the stock a “hold” rating in a research note on Monday, October 29th. Finally, ValuEngine upgraded shares of Federated Investors from a “strong sell” rating to a “sell” rating in a report on Saturday, October 27th. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. Federated Investors has an average rating of “Hold” and a consensus target price of $26.79.
NYSE FII opened at $25.21 on Wednesday. The company has a market cap of $2.55 billion, a PE ratio of 11.56, a price-to-earnings-growth ratio of 1.61 and a beta of 1.13. Federated Investors has a 52-week low of $22.06 and a 52-week high of $36.76. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.41 and a current ratio of 1.65.
The company also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Thursday, November 8th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 4.28%. The ex-dividend date was Wednesday, November 7th. Federated Investors’s dividend payout ratio is 49.54%.
In other Federated Investors news, EVP Peter J. Germain sold 1,415 shares of Federated Investors stock in a transaction on Friday, November 2nd. The stock was sold at an average price of $25.06, for a total value of $35,459.90. Following the completion of the transaction, the executive vice president now directly owns 92,764 shares of the company’s stock, valued at approximately $2,324,665.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP John B. Fisher sold 10,099 shares of the business’s stock in a transaction on Friday, November 2nd. The stock was sold at an average price of $24.89, for a total value of $251,364.11. Following the sale, the vice president now owns 541,485 shares in the company, valued at approximately $13,477,561.65. The disclosure for this sale can be found here. Insiders sold 11,712 shares of company stock worth $291,790 in the last three months. Insiders own 5.30% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Riverhead Capital Management LLC bought a new position in shares of Federated Investors in the third quarter worth $106,000. Bruderman Asset Management LLC bought a new stake in Federated Investors during the 2nd quarter valued at approximately $113,000. Itau Unibanco Holding S.A. bought a new stake in shares of Federated Investors in the 2nd quarter worth approximately $156,000. NumerixS Investment Technologies Inc raised its holdings in Federated Investors by 123.9% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 9,850 shares of the asset manager’s stock worth $229,000 after acquiring an additional 5,450 shares during the last quarter. Finally, Landmark Bank purchased a new stake in Federated Investors during the 2nd quarter valued at $233,000. 83.90% of the stock is owned by institutional investors.
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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