Federated Investors Inc (NYSE:FII) has been assigned an average rating of “Hold” from the nine research firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $30.17.
Several equities analysts have weighed in on the stock. JPMorgan Chase & Co. raised shares of Federated Investors from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $34.00 to $36.00 in a report on Monday, June 10th. ValuEngine downgraded shares of Federated Investors from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Citigroup boosted their target price on shares of Federated Investors from $31.00 to $32.00 and gave the stock a “neutral” rating in a report on Tuesday, July 9th.
In other news, VP Paul A. Uhlman sold 40,000 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $35.15, for a total value of $1,406,000.00. Following the transaction, the vice president now owns 195,364 shares of the company’s stock, valued at $6,867,044.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 5.50% of the stock is currently owned by insiders.
NYSE:FII traded down $0.74 during trading hours on Thursday, hitting $31.67. 432,400 shares of the stock traded hands, compared to its average volume of 728,916. The company has a quick ratio of 1.92, a current ratio of 2.23 and a debt-to-equity ratio of 0.26. Federated Investors has a 1 year low of $22.14 and a 1 year high of $35.98. The company has a market cap of $3.28 billion, a price-to-earnings ratio of 13.25, a price-to-earnings-growth ratio of 1.67 and a beta of 0.78. The stock has a 50 day moving average price of $32.26 and a 200 day moving average price of $31.95.
Federated Investors (NYSE:FII) last issued its quarterly earnings results on Thursday, July 25th. The asset manager reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.02. Federated Investors had a net margin of 19.16% and a return on equity of 27.29%. The business had revenue of $321.50 million for the quarter, compared to the consensus estimate of $317.81 million. During the same quarter in the previous year, the firm earned $0.38 earnings per share. The company’s revenue for the quarter was up 25.6% on a year-over-year basis. Equities analysts forecast that Federated Investors will post 2.48 earnings per share for the current fiscal year.
About Federated Investors
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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