Federated Investors Inc (NYSE:FII) has earned a consensus recommendation of “Hold” from the nine brokerages that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating and six have issued a hold rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $28.42.
FII has been the subject of several recent research reports. Royal Bank of Canada set a $28.00 price objective on Federated Investors and gave the stock a “hold” rating in a report on Friday, July 27th. Keefe, Bruyette & Woods reissued a “neutral” rating and issued a $25.00 price objective on shares of Federated Investors in a report on Sunday, July 29th. JPMorgan Chase & Co. raised Federated Investors from an “underweight” rating to a “neutral” rating and set a $24.00 price objective for the company in a report on Monday, September 17th. Zacks Investment Research raised Federated Investors from a “sell” rating to a “hold” rating in a report on Monday, October 1st. Finally, ValuEngine raised Federated Investors from a “strong sell” rating to a “sell” rating in a report on Saturday, October 27th.
In other Federated Investors news, EVP Peter J. Germain sold 1,415 shares of the firm’s stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $25.06, for a total value of $35,459.90. Following the completion of the transaction, the executive vice president now owns 92,764 shares in the company, valued at approximately $2,324,665.84. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP John B. Fisher sold 10,099 shares of the firm’s stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $24.89, for a total value of $251,364.11. Following the completion of the transaction, the vice president now owns 541,485 shares of the company’s stock, valued at approximately $13,477,561.65. The disclosure for this sale can be found here. In the last three months, insiders sold 11,712 shares of company stock valued at $291,790. 5.30% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Wells Fargo & Company MN boosted its stake in Federated Investors by 9.3% in the 2nd quarter. Wells Fargo & Company MN now owns 590,694 shares of the asset manager’s stock worth $13,774,000 after purchasing an additional 50,261 shares during the period. Fortis Advisors LLC boosted its stake in Federated Investors by 0.5% in the 2nd quarter. Fortis Advisors LLC now owns 1,964,724 shares of the asset manager’s stock worth $45,813,000 after purchasing an additional 9,160 shares during the period. Baird Financial Group Inc. boosted its stake in Federated Investors by 7.5% in the 2nd quarter. Baird Financial Group Inc. now owns 151,916 shares of the asset manager’s stock worth $3,543,000 after purchasing an additional 10,618 shares during the period. Ridgewood Investments LLC boosted its stake in Federated Investors by 54.1% in the 2nd quarter. Ridgewood Investments LLC now owns 15,100 shares of the asset manager’s stock worth $352,000 after purchasing an additional 5,299 shares during the period. Finally, California Public Employees Retirement System boosted its stake in Federated Investors by 1.9% in the 2nd quarter. California Public Employees Retirement System now owns 236,598 shares of the asset manager’s stock worth $5,517,000 after purchasing an additional 4,429 shares during the period. Institutional investors and hedge funds own 83.83% of the company’s stock.
Shares of Federated Investors stock traded up $0.28 during trading hours on Monday, hitting $25.19. 799,436 shares of the company’s stock traded hands, compared to its average volume of 1,099,728. Federated Investors has a 12-month low of $22.06 and a 12-month high of $36.76. The firm has a market cap of $2.52 billion, a PE ratio of 11.56, a P/E/G ratio of 1.59 and a beta of 1.11. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.65 and a quick ratio of 1.41.
Federated Investors (NYSE:FII) last announced its earnings results on Thursday, October 25th. The asset manager reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.05. Federated Investors had a return on equity of 30.19% and a net margin of 26.25%. The firm had revenue of $308.62 million during the quarter, compared to analyst estimates of $283.04 million. As a group, equities analysts anticipate that Federated Investors will post 2.37 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, November 8th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 4.29%. The ex-dividend date is Wednesday, November 7th. Federated Investors’s dividend payout ratio (DPR) is currently 49.54%.
About Federated Investors
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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