Federated Investors (NYSE:FII) had its target price raised by investment analysts at Citigroup from $31.00 to $32.00 in a report released on Tuesday, BenzingaRatingsTable reports. The brokerage presently has a “neutral” rating on the asset manager’s stock. Citigroup‘s price objective indicates a potential downside of 4.76% from the company’s previous close.
FII has been the topic of a number of other research reports. Zacks Investment Research cut Hersha Hospitality Trust from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. JPMorgan Chase & Co. lowered Sinopec Shanghai Petrochemical from an “overweight” rating to an “underweight” rating in a report on Monday, June 10th. ValuEngine upgraded Vistra Energy from a “hold” rating to a “buy” rating in a report on Wednesday, July 3rd. Finally, Bank of America set a $180.00 price target on CME Group and gave the company a “hold” rating in a report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. Federated Investors has an average rating of “Hold” and an average price target of $30.00.
Shares of FII traded up $0.60 during mid-day trading on Tuesday, reaching $33.60. 634,087 shares of the company’s stock traded hands, compared to its average volume of 786,941. The stock has a market capitalization of $3.37 billion, a PE ratio of 14.06, a P/E/G ratio of 2.02 and a beta of 0.81. The firm’s 50-day moving average is $31.96. Federated Investors has a 12 month low of $22.06 and a 12 month high of $33.77. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.90 and a current ratio of 2.11.
Federated Investors (NYSE:FII) last released its earnings results on Thursday, April 25th. The asset manager reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.02). The business had revenue of $307.10 million for the quarter, compared to the consensus estimate of $309.09 million. Federated Investors had a net margin of 18.20% and a return on equity of 27.79%. The company’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.60 EPS. As a group, equities research analysts forecast that Federated Investors will post 2.4 EPS for the current year.
In other Federated Investors news, VP Paul A. Uhlman sold 1,007 shares of the company’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $31.82, for a total transaction of $32,042.74. Following the completion of the sale, the vice president now owns 235,364 shares in the company, valued at $7,489,282.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP John B. Fisher sold 100,000 shares of the company’s stock in a transaction 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 sale, the vice president now owns 488,030 shares of the company’s stock, valued at approximately $15,099,648.20. The disclosure for this sale can be found here. Insiders sold 103,549 shares of company stock valued at $3,204,195 in the last quarter. 5.50% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the business. Quadrant Capital Group LLC lifted its holdings in Federated Investors by 2,366.7% during the first quarter. Quadrant Capital Group LLC now owns 1,702 shares of the asset manager’s stock worth $49,000 after buying an additional 1,633 shares during the period. Bremer Bank National Association acquired a new position in shares of Federated Investors during the first quarter worth $61,000. FMR LLC increased its position in shares of 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 purchasing an additional 653 shares in the last quarter. Signaturefd LLC increased its position in shares of Federated Investors by 92.5% during the first quarter. Signaturefd LLC now owns 2,435 shares of the asset manager’s stock worth $71,000 after purchasing an additional 1,170 shares in the last quarter. Finally, Parallel Advisors LLC increased its position in shares of Federated Investors by 49.4% during the first quarter. Parallel Advisors LLC now owns 2,751 shares of the asset manager’s stock worth $81,000 after purchasing an additional 910 shares in the last quarter. Institutional investors own 82.97% 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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