ValuEngine downgraded shares of Federated Investors, Inc. (NYSE:FII) from a buy rating to a hold rating in a research note released on Sunday.
A number of other research firms have also weighed in on FII. Keefe, Bruyette & Woods reissued a sell rating and set a $31.00 target price on shares of Federated Investors in a report on Wednesday, November 1st. Zacks Investment Research raised shares of Federated Investors from a hold rating to a buy rating and set a $34.00 target price on the stock in a report on Tuesday, October 31st. Citigroup Inc. boosted their target price on shares of Federated Investors from $22.00 to $24.00 and gave the stock a sell rating in a report on Tuesday, October 31st. Argus lowered shares of Federated Investors from a buy rating to a hold rating in a report on Monday, October 30th. Finally, Royal Bank Of Canada set a $29.00 target price on shares of Federated Investors and gave the stock a hold rating in a report on Friday, October 27th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $28.75.
Shares of Federated Investors (NYSE:FII) opened at $30.78 on Friday. The stock has a market cap of $3,074.54, a P/E ratio of 14.51, a P/E/G ratio of 2.82 and a beta of 1.56. The company has a current ratio of 3.33, a quick ratio of 1.89 and a debt-to-equity ratio of 0.27. Federated Investors has a 1-year low of $24.93 and a 1-year high of $31.82.
Federated Investors (NYSE:FII) last announced its quarterly earnings results on Thursday, October 26th. The asset manager reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.03. The company had revenue of $278.32 million for the quarter, compared to analyst estimates of $278.51 million. Federated Investors had a net margin of 19.32% and a return on equity of 34.54%. The firm’s revenue was down 5.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.54 EPS. research analysts anticipate that Federated Investors will post 2.13 earnings per share for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 8th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date is Tuesday, November 7th. Federated Investors’s dividend payout ratio is currently 47.62%.
In other news, VP John B. Fisher sold 6,460 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $31.49, for a total value of $203,425.40. Following the sale, the vice president now directly owns 508,445 shares of the company’s stock, valued at approximately $16,010,933.05. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last ninety days, insiders sold 7,776 shares of company stock worth $244,827. Insiders own 7.10% of the company’s stock.
Large investors have recently bought and sold shares of the company. Hourglass Capital LLC boosted its stake in shares of Federated Investors by 1.8% in the 2nd quarter. Hourglass Capital LLC now owns 140,200 shares of the asset manager’s stock valued at $3,961,000 after purchasing an additional 2,500 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Federated Investors by 13.2% in the 2nd quarter. Bank of Montreal Can now owns 12,586 shares of the asset manager’s stock valued at $356,000 after purchasing an additional 1,463 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Federated Investors by 36.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 47,157 shares of the asset manager’s stock valued at $1,332,000 after purchasing an additional 12,563 shares during the last quarter. Covington Investment Advisors Inc. boosted its stake in shares of Federated Investors by 1.4% in the 2nd quarter. Covington Investment Advisors Inc. now owns 85,650 shares of the asset manager’s stock valued at $2,420,000 after purchasing an additional 1,190 shares during the last quarter. Finally, Capstone Asset Management Co. bought a new stake in shares of Federated Investors in the 2nd quarter valued at $206,000. 83.84% of the stock is currently owned by institutional investors.
About Federated Investors
Federated Investors, Inc (Federated) is a provider of investment management products and related financial services. Federated operates through investment management business segment. It is engaged in sponsoring, marketing and providing investment-related services to various investment products, including mutual funds and Separate Accounts, which include separately managed accounts, institutional accounts, sub-advised funds and other managed products.
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