Federated Investors Inc (NYSE:FII) – Stock analysts at Jefferies Financial Group issued their Q1 2019 EPS estimates for Federated Investors in a research note issued on Monday, December 3rd. Jefferies Financial Group analyst D. Fannon forecasts that the asset manager will earn $0.60 per share for the quarter. Jefferies Financial Group also issued estimates for Federated Investors’ Q2 2019 earnings at $0.63 EPS, Q3 2019 earnings at $0.65 EPS, Q4 2019 earnings at $0.62 EPS and FY2019 earnings at $2.50 EPS.
A number of other brokerages have also commented on FII. ValuEngine raised Federated Investors from a “strong sell” rating to a “sell” rating in a report on Saturday, October 27th. Zacks Investment Research lowered Federated Investors from a “strong-buy” rating to a “hold” rating in a report on Monday, November 19th. Deutsche Bank lowered their price target on Federated Investors from $24.00 to $22.00 and set a “hold” rating on the stock in a report on Friday, November 16th. TheStreet raised Federated Investors from a “c+” rating to a “b” rating in a report on Wednesday, November 21st. Finally, Royal Bank of Canada set a $26.00 price target on Federated Investors and gave the company a “hold” rating in a report on Monday, October 29th. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $26.79.
Shares of FII opened at $24.89 on Thursday. The firm has a market cap of $2.55 billion, a PE ratio of 11.42, a price-to-earnings-growth ratio of 1.61 and a beta of 1.13. The company has a current ratio of 1.65, a quick ratio of 1.41 and a debt-to-equity ratio of 0.19. Federated Investors has a one year low of $22.06 and a one year high of $36.76.
Federated Investors (NYSE:FII) last posted its earnings results on Thursday, October 25th. The asset manager reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.05. The company had revenue of $308.62 million for the quarter, compared to analysts’ expectations of $283.04 million. Federated Investors had a return on equity of 30.19% and a net margin of 26.25%.
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Thursday, November 8th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date was Wednesday, November 7th. Federated Investors’s dividend payout ratio (DPR) is 49.54%.
In other news, VP John B. Fisher sold 10,099 shares of the firm’s stock in a transaction on Friday, November 2nd. The stock was sold at an average price of $24.89, for a total transaction of $251,364.11. Following the transaction, the vice president now directly owns 541,485 shares of the company’s stock, valued at $13,477,561.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Peter J. Germain sold 1,415 shares of the firm’s stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $25.06, for a total value of $35,459.90. Following the transaction, the executive vice president now directly owns 92,764 shares in the company, valued at $2,324,665.84. The disclosure for this sale can be found here. Insiders have sold 11,712 shares of company stock worth $291,790 over the last three months. Corporate insiders own 5.30% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Riverhead Capital Management LLC acquired a new position in Federated Investors during the third quarter worth about $106,000. Bruderman Asset Management LLC acquired a new position in Federated Investors during the second quarter worth about $113,000. Itau Unibanco Holding S.A. acquired a new position in Federated Investors during the second quarter worth about $156,000. NumerixS Investment Technologies Inc grew its holdings in Federated Investors by 123.9% during the second 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 period. Finally, Equity Investment Corp acquired a new position in Federated Investors during the third quarter worth about $260,000. 83.90% of the stock is currently owned by hedge funds and other 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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