Federated Investors Inc. (NYSE:FII) – Investment analysts at Jefferies Group reduced their Q3 2016 earnings per share (EPS) estimates for shares of Federated Investors in a note issued to investors on Tuesday. Jefferies Group analyst S. Thind now expects that the firm will post earnings of $0.50 per share for the quarter, down from their previous forecast of $0.51. Jefferies Group has a “Buy” rating and a $35.00 price target on the stock. Jefferies Group also issued estimates for Federated Investors’ FY2016 earnings at $1.95 EPS and FY2017 earnings at $2.13 EPS.
A number of other equities analysts have also commented on FII. Credit Suisse Group AG set a $27.00 price target on shares of Federated Investors and gave the stock a “sell” rating in a research report on Sunday, July 31st. Zacks Investment Research raised shares of Federated Investors from a “sell” rating to a “hold” rating in a report on Friday, July 1st. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Federated Investors from $33.00 to $35.00 and gave the company a “market perform” rating in a report on Monday, August 1st. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $30.75.
Shares of Federated Investors (NYSE:FII) traded down 2.17% during trading on Thursday, hitting $27.51. 197,712 shares of the stock were exchanged. The firm has a market capitalization of $2.74 billion, a P/E ratio of 15.12 and a beta of 1.51. Federated Investors has a 52 week low of $22.76 and a 52 week high of $33.13. The firm has a 50 day moving average price of $30.96 and a 200 day moving average price of $30.76.
Federated Investors (NYSE:FII) last announced its earnings results on Thursday, July 28th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.03. Federated Investors had a net margin of 18.30% and a return on equity of 28.98%. The company had revenue of $286.74 million for the quarter, compared to analyst estimates of $284.39 million. During the same period in the prior year, the business earned $0.40 earnings per share. Federated Investors’s quarterly revenue was up 25.7% on a year-over-year basis.
Several institutional investors have recently modified their holdings of the company. Calvert Investment Management Inc. increased its position in shares of Federated Investors by 1.3% in the second quarter. Calvert Investment Management Inc. now owns 7,156 shares of the company’s stock worth $206,000 after buying an additional 95 shares during the period. Public Employees Retirement System of Ohio increased its stake in shares of Federated Investors by 0.7% in the second quarter. Public Employees Retirement System of Ohio now owns 26,044 shares of the company’s stock worth $750,000 after buying an additional 185 shares during the last quarter. Capstone Asset Management Co. increased its stake in shares of Federated Investors by 2.6% in the second quarter. Capstone Asset Management Co. now owns 7,615 shares of the company’s stock worth $219,000 after buying an additional 190 shares during the last quarter. Utah Retirement Systems increased its stake in shares of Federated Investors by 1.2% in the second quarter. Utah Retirement Systems now owns 16,946 shares of the company’s stock worth $487,000 after buying an additional 200 shares during the last quarter. Finally, Park National Corp OH increased its stake in shares of Federated Investors by 2.2% in the second quarter. Park National Corp OH now owns 10,052 shares of the company’s stock worth $289,000 after buying an additional 215 shares during the last quarter. 75.46% of the stock is currently owned by institutional investors.
About Federated Investors
Federated Investors, Inc (Federated) is a provider of investment management products and related financial services. The Company is engaged in sponsoring, marketing and providing investment-related services to various investment products, including mutual funds and Separate Accounts, which include separately managed accounts, institutional accounts, sub-advised funds and other managed products, in both domestic and international markets.
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