Federated Investors (FII) Raised to “Sell” at ValuEngine

ValuEngine upgraded shares of Federated Investors (NYSE:FII) from a strong sell rating to a sell rating in a research report sent to investors on Saturday.

FII has been the subject of several other reports. JPMorgan Chase & Co. upgraded Federated Investors from an underweight rating to a neutral rating and set a $24.00 price target for the company in a research note on Monday, September 17th. Zacks Investment Research upgraded Federated Investors from a sell rating to a hold rating in a research note on Monday, October 1st. Royal Bank of Canada set a $28.00 price target on Federated Investors and gave the company a hold rating in a research note on Friday, July 27th. Finally, Keefe, Bruyette & Woods restated a neutral rating and issued a $25.00 price target on shares of Federated Investors in a research note on Sunday, July 29th. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Federated Investors has an average rating of Hold and a consensus target price of $30.21.

FII opened at $25.26 on Friday. The firm has a market capitalization of $2.51 billion, a P/E ratio of 11.59, a PEG ratio of 1.98 and a beta of 1.26. Federated Investors has a 1 year low of $22.06 and a 1 year high of $36.76. The company has a quick ratio of 3.27, a current ratio of 1.65 and a debt-to-equity ratio of 0.19.

Federated Investors (NYSE:FII) last released its quarterly earnings results on Thursday, October 25th. The asset manager reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.05. The business had revenue of $308.62 million during the quarter, compared to the consensus estimate of $283.04 million. Federated Investors had a return on equity of 30.19% and a net margin of 26.25%. On average, research analysts expect that Federated Investors will post 2.31 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, November 8th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, November 7th. This represents a $1.08 annualized dividend and a yield of 4.28%. Federated Investors’s dividend payout ratio (DPR) is presently 49.54%.

A number of hedge funds and other institutional investors have recently made changes to their positions in FII. Sei Investments Co. raised its holdings in Federated Investors by 51.9% in the 1st quarter. Sei Investments Co. now owns 22,418 shares of the asset manager’s stock valued at $749,000 after acquiring an additional 7,664 shares in the last quarter. Stifel Financial Corp raised its holdings in Federated Investors by 154.0% in the 1st quarter. Stifel Financial Corp now owns 28,786 shares of the asset manager’s stock valued at $962,000 after acquiring an additional 17,451 shares in the last quarter. UBS Group AG raised its holdings in Federated Investors by 8.0% in the 1st quarter. UBS Group AG now owns 174,779 shares of the asset manager’s stock valued at $5,837,000 after acquiring an additional 12,944 shares in the last quarter. Millennium Management LLC raised its holdings in Federated Investors by 928.3% in the 1st quarter. Millennium Management LLC now owns 115,977 shares of the asset manager’s stock valued at $3,874,000 after acquiring an additional 104,699 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in Federated Investors by 1.9% in the 1st quarter. Royal Bank of Canada now owns 327,048 shares of the asset manager’s stock valued at $10,924,000 after acquiring an additional 6,155 shares in the last quarter. 84.07% of the stock is owned by hedge funds and other institutional investors.

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.

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