The Federated Investors, Inc. (FII) Stock Rating Reaffirmed by Jefferies Group LLC

The Federated Investors, Inc. (FII) Stock Rating Reaffirmed by Jefferies Group LLC

Jefferies Group LLC reissued their hold rating on shares of Federated Investors, Inc. (NYSE:FII) in a research note released on Tuesday morning. They currently have a $30.00 target price on the asset manager’s stock, up from their previous target price of $29.00. Jefferies Group also issued estimates for Federated Investors’ Q3 2017 earnings at $0.53 EPS, Q4 2017 earnings at $0.54 EPS, FY2017 earnings at $2.08 EPS, FY2018 earnings at $2.14 EPS and FY2019 earnings at $2.23 EPS.

A number of other equities analysts also recently commented on the company. Zacks Investment Research upgraded Federated Investors from a hold rating to a buy rating and set a $32.00 price objective on the stock in a report on Tuesday, July 4th. Royal Bank Of Canada started coverage on Federated Investors in a report on Thursday, June 29th. They issued a sector perform rating and a $27.00 price objective on the stock. BidaskClub upgraded Federated Investors from a sell rating to a hold rating in a report on Saturday, June 17th. Credit Suisse Group cut their price objective on Federated Investors from $29.00 to $27.00 and set a neutral rating on the stock in a report on Friday, August 11th. Finally, Keefe, Bruyette & Woods restated a sell rating and issued a $27.00 price objective on shares of Federated Investors in a report on Thursday, August 3rd. Three analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. Federated Investors currently has an average rating of Hold and an average target price of $27.71.

Federated Investors (NYSE:FII) opened at 31.28 on Tuesday. The stock’s 50 day moving average is $28.69 and its 200 day moving average is $27.59. Federated Investors has a 12 month low of $24.52 and a 12 month high of $31.58. The firm has a market cap of $3.05 billion, a PE ratio of 14.90 and a beta of 1.45.

Federated Investors (NYSE:FII) last released its quarterly earnings data on Thursday, July 27th. The asset manager reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.03. The company had revenue of $272.80 million for the quarter, compared to the consensus estimate of $278.51 million. Federated Investors had a return on equity of 33.93% and a net margin of 18.91%. The company’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same period last year, the business posted $0.51 EPS. On average, equities analysts forecast that Federated Investors will post $2.07 earnings per share for the current year.

In related news, VP John B. Fisher sold 5,041 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $27.97, for a total transaction of $140,996.77. Following the sale, the vice president now directly owns 514,905 shares in the company, valued at approximately $14,401,892.85. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 7.10% of the company’s stock.

Several large investors have recently made changes to their positions in FII. BlackRock Inc. raised its holdings in shares of Federated Investors by 15,254.4% during the 1st quarter. BlackRock Inc. now owns 9,951,364 shares of the asset manager’s stock valued at $262,118,000 after buying an additional 9,886,553 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Federated Investors by 46.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,248,244 shares of the asset manager’s stock valued at $63,513,000 after buying an additional 713,994 shares during the period. Anchor Capital Advisors LLC raised its holdings in shares of Federated Investors by 3,223.0% during the 2nd quarter. Anchor Capital Advisors LLC now owns 688,527 shares of the asset manager’s stock valued at $19,451,000 after buying an additional 667,807 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Federated Investors by 21.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,603,455 shares of the asset manager’s stock valued at $73,546,000 after buying an additional 451,268 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in shares of Federated Investors by 185.4% during the 2nd quarter. Wells Fargo & Company MN now owns 550,358 shares of the asset manager’s stock valued at $15,548,000 after buying an additional 357,500 shares during the period. Institutional investors and hedge funds own 82.90% of the company’s stock.

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.

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