The Federated Investors, Inc. (NYSE:FII) Receives Consensus Recommendation of “Hold” from Brokerages

The Federated Investors, Inc. (NYSE:FII) Receives Consensus Recommendation of “Hold” from Brokerages

A number of equities analysts recently issued reports on FII shares. Keefe, Bruyette & Woods restated a “hold” rating on shares of Federated Investors in a research note on Tuesday, April 4th. Zacks Investment Research lowered Federated Investors from a “hold” rating to a “sell” rating in a research note on Tuesday, April 4th. J P Morgan Chase & Co upgraded Federated Investors from an “underweight” rating to a “neutral” rating and set a $24.00 price objective for the company in a research note on Thursday, May 25th. ValuEngine lowered Federated Investors from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Citigroup Inc. lowered Federated Investors from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $26.00 to $24.00 in a research note on Monday, June 5th.

Shares of Federated Investors, Inc. (NYSE:FII) have earned an average recommendation of “Hold” from the nine ratings firms that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $23.67.

In other news, insider Richard A. Novak sold 2,700 shares of the firm’s stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $27.70, for a total transaction of $74,790.00. Following the sale, the insider now directly owns 44,741 shares in the company, valued at approximately $1,239,325.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.10% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of FII. State Treasurer State of Michigan boosted its stake in Federated Investors by 0.3% in the first quarter. State Treasurer State of Michigan now owns 37,600 shares of the asset manager’s stock valued at $990,000 after buying an additional 100 shares during the last quarter. Camelot Portfolios LLC boosted its stake in Federated Investors by 0.5% in the second quarter. Camelot Portfolios LLC now owns 24,859 shares of the asset manager’s stock valued at $702,000 after buying an additional 119 shares during the last quarter. Lowe Brockenbrough & Co. Inc. boosted its stake in Federated Investors by 0.8% in the second quarter. Lowe Brockenbrough & Co. Inc. now owns 18,000 shares of the asset manager’s stock valued at $508,000 after buying an additional 150 shares during the last quarter. Northwest Investment Counselors LLC boosted its stake in Federated Investors by 0.5% in the second quarter. Northwest Investment Counselors LLC now owns 58,727 shares of the asset manager’s stock valued at $1,659,000 after buying an additional 287 shares during the last quarter. Finally, Advantus Capital Management Inc boosted its stake in Federated Investors by 2.5% in the first quarter. Advantus Capital Management Inc now owns 11,849 shares of the asset manager’s stock valued at $312,000 after buying an additional 290 shares during the last quarter. Institutional investors own 84.43% of the company’s stock.

Shares of Federated Investors (NYSE:FII) traded down 2.18% during trading on Tuesday, hitting $27.82. The stock had a trading volume of 722,464 shares. Federated Investors has a 52 week low of $24.52 and a 52 week high of $33.13. The firm has a 50 day moving average price of $28.51 and a 200-day moving average price of $26.99. The stock has a market capitalization of $2.71 billion, a price-to-earnings ratio of 13.25 and a beta of 1.42.

Federated Investors (NYSE:FII) last issued its earnings results on Thursday, July 27th. The asset manager reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.03. The company had revenue of $272.80 million during the quarter, compared to analyst estimates of $278.51 million. Federated Investors had a return on equity of 33.93% and a net margin of 18.91%. The firm’s quarterly revenue was down 4.8% on a year-over-year basis. During the same quarter last year, the business posted $0.51 EPS. On average, equities research analysts forecast that Federated Investors will post $2.02 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 8th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date is Friday, August 4th. Federated Investors’s dividend payout ratio (DPR) is presently 48.08%.

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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