The Federated Investors Inc (FII) Stock Rating Lowered by Citigroup Inc

The Federated Investors Inc (FII) Stock Rating Lowered by Citigroup Inc

Other analysts have also recently issued reports about the company. ValuEngine cut Federated Investors from a “buy” rating to a “hold” rating in a report on Friday. Keefe, Bruyette & Woods restated a “sell” rating and issued a $26.00 target price on shares of Federated Investors in a report on Thursday. Zacks Investment Research upgraded Federated Investors from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a report on Tuesday, April 25th. Jefferies Group LLC upgraded Federated Investors from an “underperform” rating to a “hold” rating and set a $11.00 target price for the company in a report on Friday, March 24th. Finally, JPMorgan Chase & Co. upgraded Federated Investors from an “underweight” rating to a “neutral” rating and set a $24.00 target price for the company in a report on Thursday, May 25th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $24.50.

Federated Investors Inc (NYSE:FII) was downgraded by analysts at Citigroup Inc from a “neutral” rating to a “sell” rating in a report released on Monday, The Fly reports.

Federated Investors (NYSE:FII) opened at 26.94 on Monday. The stock has a market capitalization of $2.64 billion, a price-to-earnings ratio of 12.95 and a beta of 1.54. The company has a 50 day moving average of $26.39 and a 200-day moving average of $26.93. Federated Investors has a 12-month low of $24.52 and a 12-month high of $33.13.

Federated Investors (NYSE:FII) last issued its earnings results on Thursday, April 27th. The asset manager reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.02. The company had revenue of $273.50 million during the quarter, compared to analysts’ expectations of $290.19 million. Federated Investors had a return on equity of 32.01% and a net margin of 18.26%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the prior year, the business earned $0.44 EPS. On average, equities research analysts forecast that Federated Investors will post $2.00 earnings per share for the current year.

In other news, Director Gordon J. Ceresino sold 2,349 shares of the company’s stock in a transaction on Tuesday, March 21st. The stock was sold at an average price of $25.56, for a total value of $60,040.44. Following the transaction, the director now owns 185,736 shares of the company’s stock, valued at approximately $4,747,412.16. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 10.50% of the company’s stock. Several institutional investors have recently made changes to their positions in FII. Public Employees Retirement System of Ohio raised its position in shares of Federated Investors by 0.8% in the first quarter. Public Employees Retirement System of Ohio now owns 36,317 shares of the asset manager’s stock valued at $957,000 after buying an additional 296 shares during the period. North Star Asset Management Inc. raised its position in shares of Federated Investors by 22.9% in the first quarter. North Star Asset Management Inc. now owns 109,620 shares of the asset manager’s stock valued at $2,887,000 after buying an additional 20,390 shares during the period. Lowe Brockenbrough & Co. Inc. raised its position in shares of Federated Investors by 87.7% in the first quarter. Lowe Brockenbrough & Co. Inc. now owns 17,850 shares of the asset manager’s stock valued at $470,000 after buying an additional 8,340 shares during the period. FNY Partners Fund LP acquired a new position in shares of Federated Investors during the first quarter valued at approximately $131,000. Finally, HighTower Advisors LLC raised its position in shares of Federated Investors by 47.2% in the first quarter. HighTower Advisors LLC now owns 344,976 shares of the asset manager’s stock valued at $9,087,000 after buying an additional 110,568 shares during the period. 76.42% of the stock is currently owned by institutional investors and hedge funds.

Federated Investors Company Profile 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “FII”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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