Keefe, Bruyette & Woods upgraded shares of Federated Investors (NYSE:FII) from an underperform rating to a market perform rating in a report released on Monday, MarketBeat reports.

FII has been the subject of several other reports. Zacks Investment Research lowered shares of Federated Investors from a hold rating to a sell rating in a research report on Monday, April 2nd. Royal Bank of Canada lifted their target price on shares of Federated Investors to $37.00 and gave the company a sector perform rating in a research report on Monday, January 29th. JPMorgan Chase & Co. set a $25.00 target price on shares of Federated Investors and gave the company a sell rating in a research report on Tuesday, May 1st. Deutsche Bank dropped their target price on shares of Federated Investors from $34.00 to $32.00 and set a hold rating for the company in a research report on Tuesday, March 6th. Finally, Citigroup upgraded shares of Federated Investors from a sell rating to a neutral rating in a research report on Monday, March 5th. Four investment analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. The stock has a consensus rating of Hold and an average target price of $31.19.

Shares of Federated Investors opened at $24.27 on Monday, MarketBeat reports. The company has a market cap of $2.48 billion, a P/E ratio of 11.13, a PEG ratio of 1.82 and a beta of 1.36. Federated Investors has a 12 month low of $24.05 and a 12 month high of $36.76. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.43 and a quick ratio of 3.91.

Federated Investors (NYSE:FII) last issued its quarterly earnings data on Thursday, April 26th. The asset manager reported $0.60 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.05). The firm had revenue of $263.85 million for the quarter, compared to analysts’ expectations of $277.61 million. Federated Investors had a net margin of 27.63% and a return on equity of 32.55%. Federated Investors’s revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.49 EPS. equities research analysts anticipate that Federated Investors will post 2.4 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 15th. Shareholders of record on Tuesday, May 8th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, May 7th. This is a positive change from Federated Investors’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 4.45%. Federated Investors’s payout ratio is presently 49.54%.

In other news, EVP Peter J. Germain sold 1,294 shares of the business’s stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $34.27, for a total value of $44,345.38. Following the completion of the sale, the executive vice president now directly owns 75,473 shares in the company, valued at approximately $2,586,459.71. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP John B. Fisher sold 11,683 shares of the business’s stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $34.16, for a total transaction of $399,091.28. Following the completion of the sale, the vice president now owns 563,267 shares of the company’s stock, valued at $19,241,200.72. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,803 shares of company stock valued at $608,486. 5.30% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in FII. Bank of Montreal Can lifted its holdings in shares of Federated Investors by 10.1% in the 4th quarter. Bank of Montreal Can now owns 16,128 shares of the asset manager’s stock worth $582,000 after acquiring an additional 1,479 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Federated Investors by 2.0% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 842,523 shares of the asset manager’s stock worth $30,399,000 after acquiring an additional 16,784 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Federated Investors by 84.5% in the 4th quarter. State of Alaska Department of Revenue now owns 14,410 shares of the asset manager’s stock worth $518,000 after acquiring an additional 6,600 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Federated Investors by 201.8% in the 4th quarter. SG Americas Securities LLC now owns 36,455 shares of the asset manager’s stock worth $1,315,000 after acquiring an additional 24,375 shares during the last quarter. Finally, APG Asset Management N.V. bought a new stake in shares of Federated Investors in the 4th quarter worth approximately $4,633,000. Hedge funds and other institutional investors own 84.75% of the company’s stock.

Federated Investors Company Profile

Federated Investors, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, including high net worth individuals, banking or thrift institutions, investment companies, pension and profit sharing plans, pooled investment vehicles, charitable organizations, state or municipal government entities, and registered investment advisors.

Analyst Recommendations for Federated Investors (NYSE:FII)

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