JPMorgan Chase & Co. upgraded shares of Federated Investors (NYSE:FII) from a neutral rating to an overweight rating in a report released on Monday, 24/7 WallStreet reports. JPMorgan Chase & Co. currently has $36.00 price target on the asset manager’s stock, up from their prior price target of $34.00.
Other equities analysts also recently issued research reports about the company. ValuEngine upgraded Federated Investors from a sell rating to a hold rating in a research report on Thursday, February 28th. Zacks Investment Research downgraded Federated Investors from a buy rating to a hold rating in a research report on Thursday, May 2nd. Finally, Bank of America set a $28.00 target price on Federated Investors and gave the company a sell rating in a research report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $29.00.
Shares of FII opened at $32.39 on Monday. The company has a current ratio of 2.11, a quick ratio of 1.90 and a debt-to-equity ratio of 0.27. Federated Investors has a 12 month low of $22.06 and a 12 month high of $33.77. The company has a market capitalization of $3.30 billion, a price-to-earnings ratio of 13.98, a price-to-earnings-growth ratio of 1.99 and a beta of 0.81.
Federated Investors (NYSE:FII) last released its earnings results on Thursday, April 25th. The asset manager reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.02). The firm had revenue of $307.10 million during the quarter, compared to analysts’ expectations of $309.09 million. Federated Investors had a net margin of 18.20% and a return on equity of 27.79%. The business’s revenue was up 16.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.60 EPS. Research analysts anticipate that Federated Investors will post 2.39 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 8th were given a $0.27 dividend. The ex-dividend date was Tuesday, May 7th. This represents a $1.08 annualized dividend and a dividend yield of 3.33%. Federated Investors’s dividend payout ratio (DPR) is presently 45.19%.
In related news, VP Meter Stephen Van sold 2,284 shares of Federated Investors stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $30.73, for a total transaction of $70,187.32. Following the transaction, the vice president now owns 24,058 shares in the company, valued at $739,302.34. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP John B. Fisher sold 100,000 shares of Federated Investors stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $30.94, for a total value of $3,094,000.00. Following the transaction, the vice president now owns 488,030 shares in the company, valued at approximately $15,099,648.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 118,858 shares of company stock worth $3,651,613. Company insiders own 5.50% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. Muhlenkamp & Co. Inc. purchased a new position in Federated Investors during the first quarter worth approximately $7,259,000. GYL Financial Synergies LLC purchased a new position in Federated Investors during the first quarter worth approximately $1,216,000. FMR LLC lifted its position in Federated Investors by 40.5% during the first quarter. FMR LLC now owns 2,266 shares of the asset manager’s stock worth $66,000 after buying an additional 653 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its position in Federated Investors by 20.4% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,876 shares of the asset manager’s stock worth $290,000 after buying an additional 1,670 shares in the last quarter. Finally, SEI Investments Co lifted its position in Federated Investors by 541.0% during the first quarter. SEI Investments Co now owns 77,113 shares of the asset manager’s stock worth $2,238,000 after buying an additional 65,082 shares in the last quarter. Hedge funds and other institutional investors own 83.04% 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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