Federated Investors (NYSE:FII) PT Raised to $32.00 at Citigroup

Federated Investors (NYSE:FII) had its price objective boosted by Citigroup from $31.00 to $32.00 in a research note published on Tuesday, BenzingaRatingsTable reports. The firm currently has a neutral rating on the asset manager’s stock.

A number of other equities research analysts have also weighed in on FII. Zacks Investment Research lowered shares of Hersha Hospitality Trust from a buy rating to a hold rating in a report on Thursday, May 2nd. Bank of America set a $180.00 target price on shares of CME Group and gave the stock a hold rating in a report on Tuesday, April 9th. JPMorgan Chase & Co. lowered shares of Sinopec Shanghai Petrochemical from an overweight rating to an underweight rating in a report on Monday, June 10th. Finally, ValuEngine raised shares of Vistra Energy from a hold rating to a buy rating in a report on Wednesday, July 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $30.00.

FII stock opened at $33.60 on Tuesday. The stock’s 50 day moving average is $32.02. The firm has a market cap of $3.34 billion, a PE ratio of 14.06, a price-to-earnings-growth ratio of 1.99 and a beta of 0.81. Federated Investors has a 1 year low of $22.06 and a 1 year high of $33.77. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.90 and a current ratio of 2.11.

Federated Investors (NYSE:FII) last posted its earnings results on Thursday, April 25th. The asset manager reported $0.54 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.02). Federated Investors had a return on equity of 27.79% and a net margin of 18.20%. The business had revenue of $307.10 million for the quarter, compared to the consensus estimate of $309.09 million. During the same period in the previous year, the firm earned $0.60 earnings per share. The company’s revenue was up 16.4% compared to the same quarter last year. On average, analysts predict that Federated Investors will post 2.41 EPS for the current fiscal year.

In other news, VP Paul A. Uhlman sold 1,007 shares of the company’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $31.82, for a total value of $32,042.74. Following the sale, the vice president now directly owns 235,364 shares of the company’s stock, valued at approximately $7,489,282.48. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP John B. Fisher sold 100,000 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $30.94, for a total transaction of $3,094,000.00. Following the completion of the sale, the vice president now directly owns 488,030 shares in the company, valued at $15,099,648.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 103,549 shares of company stock worth $3,204,195. Insiders own 5.50% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Retirement Systems of Alabama boosted its stake in shares of Federated Investors by 0.3% in the 2nd quarter. Retirement Systems of Alabama now owns 125,071 shares of the asset manager’s stock valued at $4,065,000 after purchasing an additional 424 shares during the last quarter. WINTON GROUP Ltd bought a new position in Federated Investors during the second quarter worth $413,000. FMR LLC boosted its stake in Federated Investors by 40.5% during the first quarter. FMR LLC now owns 2,266 shares of the asset manager’s stock worth $66,000 after acquiring an additional 653 shares in the last quarter. GYL Financial Synergies LLC bought a new position in Federated Investors during the first quarter worth $1,216,000. Finally, Muhlenkamp & Co. Inc. bought a new position in Federated Investors during the first quarter worth $7,259,000. 82.97% of the stock is currently owned by 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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Analyst Recommendations for Federated Investors (NYSE:FII)

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