Federated Investors Inc. (NYSE:FII) had its target price cut by research analysts at Jefferies Group from $37.00 to $35.00 in a research note issued on Tuesday. The brokerage currently has a “buy” rating on the stock. Jefferies Group’s price target would suggest a potential upside of 22.72% from the stock’s previous close.
FII has been the topic of a number of other research reports. Zacks Investment Research upgraded Federated Investors from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research note on Wednesday, August 10th. Credit Suisse Group AG set a $27.00 target price on Federated Investors and gave the company a “sell” rating in a research note on Sunday, July 31st. Finally, Keefe, Bruyette & Woods lifted their target price on Federated Investors from $33.00 to $35.00 and gave the company a “market perform” rating in a research note on Monday, August 1st. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $30.75.
Shares of Federated Investors (NYSE:FII) traded down 1.86% during mid-day trading on Tuesday, hitting $27.99. The company had a trading volume of 419,110 shares. Federated Investors has a 12 month low of $22.76 and a 12 month high of $33.13. The firm has a market capitalization of $2.79 billion, a P/E ratio of 15.38 and a beta of 1.51. The firm has a 50-day moving average price of $31.19 and a 200 day moving average price of $30.80.
Federated Investors (NYSE:FII) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. The firm had revenue of $286.74 million for the quarter, compared to the consensus estimate of $284.39 million. Federated Investors had a return on equity of 28.98% and a net margin of 18.30%. The firm’s quarterly revenue was up 25.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.40 EPS. On average, equities research analysts forecast that Federated Investors will post $1.98 earnings per share for the current fiscal year.
Several hedge funds have recently bought and sold shares of FII. Aperio Group LLC boosted its stake in Federated Investors by 16.9% in the first quarter. Aperio Group LLC now owns 37,371 shares of the company’s stock valued at $1,078,000 after buying an additional 5,412 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in Federated Investors by 21.6% in the first quarter. TIAA CREF Investment Management LLC now owns 382,099 shares of the company’s stock valued at $11,024,000 after buying an additional 67,948 shares in the last quarter. Teachers Advisors Inc. boosted its stake in Federated Investors by 85.2% in the first quarter. Teachers Advisors Inc. now owns 135,362 shares of the company’s stock valued at $3,905,000 after buying an additional 62,258 shares in the last quarter. Prudential Financial Inc. boosted its stake in Federated Investors by 43.6% in the first quarter. Prudential Financial Inc. now owns 346,162 shares of the company’s stock valued at $9,987,000 after buying an additional 105,100 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in Federated Investors by 19.0% in the first quarter. BlackRock Inc. now owns 58,239 shares of the company’s stock valued at $1,680,000 after buying an additional 9,288 shares in the last quarter. 75.46% of the stock is owned by institutional investors and hedge funds.
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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