Shares of Federated Investors Inc (NYSE:FII) have been assigned a consensus rating of “Hold” from the ten brokerages that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $27.25.
Several brokerages recently issued reports on FII. Zacks Investment Research reiterated a “buy” rating and issued a $28.00 price target on shares of Federated Investors in a research note on Monday, December 31st. TheStreet upgraded shares of Federated Investors from a “c+” rating to a “b” rating in a research note on Wednesday, November 21st. Royal Bank of Canada set a $26.00 price objective on shares of Federated Investors and gave the company a “hold” rating in a research note on Monday, October 29th. ValuEngine lowered shares of Federated Investors from a “hold” rating to a “sell” rating in a research note on Friday, January 11th. Finally, Citigroup upgraded shares of Federated Investors from a “sell” rating to a “neutral” rating and raised their price objective for the company from $21.00 to $24.00 in a research note on Tuesday, December 18th.
Large investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its stake in shares of Federated Investors by 0.3% in the fourth quarter. BlackRock Inc. now owns 13,333,986 shares of the asset manager’s stock worth $354,019,000 after acquiring an additional 35,445 shares during the period. Great West Life Assurance Co. Can grew its stake in shares of Federated Investors by 2.2% in the fourth quarter. Great West Life Assurance Co. Can now owns 5,873,857 shares of the asset manager’s stock worth $151,851,000 after acquiring an additional 123,865 shares during the period. Schneider Downs Wealth Management Advisors LP grew its stake in shares of Federated Investors by 74.1% in the fourth quarter. Schneider Downs Wealth Management Advisors LP now owns 5,232,641 shares of the asset manager’s stock worth $138,927,000 after acquiring an additional 2,226,812 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Federated Investors by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,067,345 shares of the asset manager’s stock worth $81,438,000 after acquiring an additional 21,716 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of Federated Investors by 7.9% in the second quarter. Bank of New York Mellon Corp now owns 2,893,503 shares of the asset manager’s stock worth $67,476,000 after acquiring an additional 211,748 shares during the period. Institutional investors and hedge funds own 85.30% of the company’s stock.
Federated Investors (NYSE:FII) last issued its quarterly earnings results on Thursday, January 24th. The asset manager reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.01. The company had revenue of $307.20 million during the quarter, compared to analyst estimates of $305.68 million. Federated Investors had a net margin of 19.40% and a return on equity of 29.33%. Federated Investors’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the business earned $0.61 EPS. On average, equities analysts anticipate that Federated Investors will post 2.34 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 15th. Shareholders of record on Friday, February 8th were paid a dividend of $0.27 per share. The ex-dividend date was Thursday, February 7th. This represents a $1.08 dividend on an annualized basis and a yield of 3.76%. Federated Investors’s dividend payout ratio is currently 45.19%.
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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