A number of other analysts have also commented on the company. Jefferies Group dropped their price target on Federated Investors from $37.00 to $35.00 and set a buy rating for the company in a research note on Tuesday, October 11th. Zacks Investment Research raised Federated Investors from a hold rating to a buy rating and set a $36.00 price objective for the company in a research report on Wednesday, August 10th. Finally, Credit Suisse Group AG set a $27.00 price objective on Federated Investors and gave the company a sell rating in a research report on Sunday, July 31st. Four investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $30.13.
Federated Investors (NYSE:FII) opened at 27.78 on Friday. The company has a 50 day moving average of $30.47 and a 200-day moving average of $30.74. Federated Investors has a one year low of $22.76 and a one year high of $33.13. The stock has a market capitalization of $2.77 billion, a P/E ratio of 15.26 and a beta of 1.51.
Federated Investors (NYSE:FII) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. Federated Investors had a return on equity of 28.98% and a net margin of 18.30%. The company earned $286.74 million during the quarter, compared to analyst estimates of $284.39 million. During the same quarter last year, the firm posted $0.40 earnings per share. The firm’s revenue was up 25.7% on a year-over-year basis. Equities research analysts predict that Federated Investors will post $1.98 earnings per share for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the company. State Street Corp raised its stake in Federated Investors by 0.4% in the first quarter. State Street Corp now owns 2,675,072 shares of the company’s stock valued at $77,183,000 after buying an additional 10,580 shares during the period. Americafirst Capital Management LLC bought a new stake in Federated Investors during the second quarter valued at approximately $101,000. Springbok Capital Management LLC bought a new stake in Federated Investors during the first quarter valued at approximately $640,000. Teachers Advisors Inc. raised 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 during the period. Finally, JPMorgan Chase & Co. raised its stake in Federated Investors by 78.0% in the first quarter. JPMorgan Chase & Co. now owns 61,179 shares of the company’s stock valued at $1,765,000 after buying an additional 26,803 shares during the period. 75.42% of the stock is currently owned by hedge funds and other 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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