Federated Investors Inc (NYSE:FII) has earned a consensus rating of “Hold” from the nine ratings firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $28.42.
A number of equities analysts have commented on the company. JPMorgan Chase & Co. raised Federated Investors from an “underweight” rating to a “neutral” rating and set a $24.00 price target on the stock in a research note on Monday, September 17th. Zacks Investment Research raised Federated Investors from a “sell” rating to a “hold” rating in a research note on Monday, October 1st. Royal Bank of Canada set a $26.00 price target on Federated Investors and gave the stock a “hold” rating in a research note on Monday, October 29th. Keefe, Bruyette & Woods reaffirmed a “neutral” rating and issued a $25.00 price target on shares of Federated Investors in a research note on Sunday, July 29th. Finally, ValuEngine raised Federated Investors from a “strong sell” rating to a “sell” rating in a research note on Saturday, October 27th.
In other news, VP John B. Fisher sold 10,099 shares of the business’s stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Peter J. Germain sold 1,415 shares of the business’s stock in a transaction that occurred 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. Insiders own 5.30% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Federated Investors by 23.0% during the third quarter. BlackRock Inc. now owns 13,298,541 shares of the asset manager’s stock valued at $320,762,000 after buying an additional 2,483,909 shares during the period. Great West Life Assurance Co. Can increased its stake in shares of Federated Investors by 6.9% during the second quarter. Great West Life Assurance Co. Can now owns 5,452,816 shares of the asset manager’s stock valued at $127,278,000 after buying an additional 351,738 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Federated Investors by 4.6% during the second quarter. Dimensional Fund Advisors LP now owns 3,089,719 shares of the asset manager’s stock valued at $72,052,000 after buying an additional 134,621 shares during the period. Schneider Downs Wealth Management Advisors LP increased its stake in shares of Federated Investors by 0.8% during the second quarter. Schneider Downs Wealth Management Advisors LP now owns 3,046,084 shares of the asset manager’s stock valued at $71,035,000 after buying an additional 25,319 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Federated Investors by 7.9% during the second quarter. Bank of New York Mellon Corp now owns 2,893,503 shares of the asset manager’s stock valued at $67,476,000 after buying an additional 211,748 shares during the period. 83.83% of the stock is currently owned by hedge funds and other institutional investors.
Federated Investors stock traded up $0.28 during trading hours on Monday, reaching $25.19. The company had a trading volume of 799,436 shares, compared to its average volume of 1,099,728. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.65 and a quick ratio of 1.41. The stock has a market capitalization of $2.52 billion, a P/E ratio of 11.56, a price-to-earnings-growth ratio of 1.59 and a beta of 1.11. Federated Investors has a 12-month low of $22.06 and a 12-month high of $36.76.
Federated Investors (NYSE:FII) last announced its quarterly earnings results on Thursday, October 25th. The asset manager reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.05. The business 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%. Sell-side analysts expect that Federated Investors will post 2.37 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, November 8th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, November 7th. This represents a $1.08 annualized dividend and a dividend yield of 4.29%. Federated Investors’s dividend payout ratio (DPR) is presently 49.54%.
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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