Federated Investors, Inc. (NYSE:FII) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday. The firm currently has a $34.00 target price on the asset manager’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 9.54% from the stock’s current price.
According to Zacks, “Shares of Federated have underperformed the industry over the last six months. Yet, the company boasts an impressive earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in all the trailing four quarters. Rise in interest rates and lower fee waivers are expected to aid top-line performance, moving ahead. Also, Federated’s inorganic growth strategies encourage us. Further, the company’s active involvement in capital deployment activities continues to inspire investors’ confidence. However, mounting expenses are a major concern. Also, strict regulations for investment management companies remain a headwind.”
A number of other equities analysts have also weighed in on FII. Jefferies Group LLC reiterated a “hold” rating and issued a $30.00 price objective (up from $29.00) on shares of Federated Investors in a research report on Tuesday. BidaskClub lowered shares of Federated Investors from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Keefe, Bruyette & Woods reiterated a “sell” rating and issued a $28.00 price objective on shares of Federated Investors in a research report on Friday, July 14th. Credit Suisse Group lowered their price objective on shares of Federated Investors from $29.00 to $27.00 and set a “neutral” rating on the stock in a research report on Friday, August 11th. Finally, Royal Bank Of Canada set a $28.00 price objective on shares of Federated Investors and gave the company a “hold” rating in a research report on Friday, July 28th. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $27.71.
Federated Investors (NYSE:FII) last posted its quarterly earnings data on Thursday, July 27th. The asset manager reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.03. Federated Investors had a net margin of 18.91% and a return on equity of 33.93%. The firm had revenue of $272.80 million for the quarter, compared to analyst estimates of $278.51 million. During the same period last year, the firm posted $0.51 EPS. Federated Investors’s quarterly revenue was down 4.8% on a year-over-year basis.
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In other Federated Investors news, VP John B. Fisher sold 5,041 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $27.97, for a total value of $140,996.77. Following the completion of the sale, the vice president now owns 514,905 shares of the company’s stock, valued at $14,401,892.85. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 7.10% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its holdings in Federated Investors by 15,254.4% in the first quarter. BlackRock Inc. now owns 9,951,364 shares of the asset manager’s stock valued at $262,118,000 after acquiring an additional 9,886,553 shares during the period. FMR LLC lifted its holdings in Federated Investors by 3.5% in the second quarter. FMR LLC now owns 9,096,091 shares of the asset manager’s stock valued at $256,965,000 after acquiring an additional 304,322 shares during the period. Vanguard Group Inc. lifted its holdings in Federated Investors by 1.7% in the first quarter. Vanguard Group Inc. now owns 8,094,838 shares of the asset manager’s stock valued at $213,218,000 after acquiring an additional 135,042 shares during the period. Great West Life Assurance Co. Can lifted its holdings in Federated Investors by 2.5% in the second quarter. Great West Life Assurance Co. Can now owns 3,559,839 shares of the asset manager’s stock valued at $100,345,000 after acquiring an additional 86,778 shares during the period. Finally, State Street Corp lifted its holdings in Federated Investors by 2.1% in the second quarter. State Street Corp now owns 2,723,154 shares of the asset manager’s stock valued at $76,930,000 after acquiring an additional 56,121 shares during the period. 82.90% of the stock is owned by institutional investors.
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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