Federated Investors, Inc. (FII) Price Target Raised to $24.00
Federated Investors, Inc. (NYSE:FII) had its price objective increased by Citigroup Inc. from $22.00 to $24.00 in a report released on Tuesday. The firm presently has a “sell” rating on the asset manager’s stock. Citigroup Inc.’s price objective indicates a potential downside of 20.61% from the company’s previous close.
Several other equities analysts have also commented on the company. Zacks Investment Research raised Federated Investors from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a report on Tuesday, July 4th. BidaskClub lowered Federated Investors from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Deutsche Bank AG started coverage on Federated Investors in a report on Tuesday, October 17th. They set a “hold” rating and a $31.00 target price for the company. Royal Bank Of Canada set a $28.00 target price on Federated Investors and gave the company a “hold” rating in a report on Friday, July 28th. Finally, Credit Suisse Group lowered their target price on Federated Investors from $29.00 to $27.00 and set a “neutral” rating for the company in a report on Friday, August 11th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $28.25.
Shares of Federated Investors (FII) opened at 30.23 on Tuesday. Federated Investors has a 52-week low of $24.52 and a 52-week high of $31.81. The firm’s 50-day moving average price is $29.84 and its 200-day moving average price is $27.98. The firm has a market capitalization of $2.95 billion, a PE ratio of 14.40 and a beta of 1.45.
Federated Investors (NYSE:FII) last posted its earnings results on Thursday, October 26th. The asset manager reported $0.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.03. The company had revenue of $278.32 million during the quarter, compared to analyst estimates of $278.51 million. Federated Investors had a return on equity of 34.54% and a net margin of 19.32%. The business’s revenue was down 5.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.54 earnings per share. On average, equities analysts predict that Federated Investors will post $2.09 earnings per share for the current fiscal year.
In other news, VP John B. Fisher sold 5,041 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $27.97, for a total transaction of $140,996.77. Following the completion of the transaction, the vice president now directly owns 514,905 shares in the company, valued at $14,401,892.85. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 7.10% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of FII. BlackRock Inc. boosted its position in shares of Federated Investors by 15,254.4% during the first quarter. BlackRock Inc. now owns 9,951,364 shares of the asset manager’s stock worth $262,118,000 after buying an additional 9,886,553 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Federated Investors by 46.5% during the second quarter. Bank of New York Mellon Corp now owns 2,248,244 shares of the asset manager’s stock worth $63,513,000 after buying an additional 713,994 shares during the period. Anchor Capital Advisors LLC boosted its position in shares of Federated Investors by 3,223.0% during the second quarter. Anchor Capital Advisors LLC now owns 688,527 shares of the asset manager’s stock worth $19,451,000 after buying an additional 667,807 shares during the period. Victory Capital Management Inc. boosted its position in shares of Federated Investors by 52.1% during the third quarter. Victory Capital Management Inc. now owns 1,332,298 shares of the asset manager’s stock worth $39,570,000 after buying an additional 456,280 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Federated Investors by 21.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,603,455 shares of the asset manager’s stock worth $73,546,000 after buying an additional 451,268 shares during the period. Institutional investors and hedge funds own 83.27% 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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