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.

COPYRIGHT VIOLATION WARNING: “Federated Investors, Inc. (FII) Price Target Raised to $24.00” was originally reported by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this article on another website, it was illegally stolen and republished in violation of U.S. and international copyright law. The legal version of this article can be viewed at https://theolympiareport.com/2017/10/31/federated-investors-inc-fii-price-target-raised-to-24-00.html.

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.

Analyst Recommendations for Federated Investors (NYSE:FII)

Receive News & Ratings for Federated Investors Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federated Investors Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.