Federated Investors Inc (NYSE:FII) Receives Average Recommendation of “Hold” from Brokerages

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.

Several hedge funds have recently added to or reduced their stakes in FII. APG Asset Management N.V. lifted its holdings in shares of Federated Investors by 38.4% in the second quarter. APG Asset Management N.V. now owns 2,811,600 shares of the asset manager’s stock worth $80,240,000 after buying an additional 779,500 shares in the last quarter. Balyasny Asset Management LLC increased its position in Federated Investors by 368.7% in the second quarter. Balyasny Asset Management LLC now owns 511,502 shares of the asset manager’s stock worth $16,624,000 after purchasing an additional 402,360 shares during the last quarter. Nuveen Asset Management LLC increased its position in Federated Investors by 306.7% in the second quarter. Nuveen Asset Management LLC now owns 530,604 shares of the asset manager’s stock worth $17,245,000 after purchasing an additional 400,145 shares during the last quarter. JPMorgan Chase & Co. increased its position in Federated Investors by 240.4% in the first quarter. JPMorgan Chase & Co. now owns 426,081 shares of the asset manager’s stock worth $12,487,000 after purchasing an additional 300,902 shares during the last quarter. Finally, Muhlenkamp & Co. Inc. bought a new stake in Federated Investors in the first quarter worth $7,259,000. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Federated Investors (NYSE:FII)

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