Federated Investors, Inc. (FII) Rating Lowered to Hold at Zacks Investment Research

Federated Investors, Inc. (NYSE:FII) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.

According to Zacks, “Federated’s shares underperformed the Zacks categorized Investment Management industry over the last three months. The company’s AUM may be deterred due to volatility in equity markets. However, rise in interest rates and lower fee waivers are expected to aid top-line performance, moving ahead. Also, the company’s inorganic growth strategies encourage us. Nevertheless, stringent regulatory environment and escalating expenses continues to affect the company’s financials.”

FII has been the subject of a number of other research reports. J P Morgan Chase & Co upgraded shares of Federated Investors from an “underweight” rating to a “neutral” rating and set a $24.00 target price for the company in a research report on Thursday, May 25th. Jefferies Group LLC upgraded shares of Federated Investors from an “underperform” rating to a “hold” rating and set a $11.00 target price for the company in a research report on Friday, March 24th. Keefe, Bruyette & Woods reiterated a “sell” rating and issued a $26.00 target price on shares of Federated Investors in a research report on Thursday, June 1st. Citigroup Inc. downgraded shares of Federated Investors from a “neutral” rating to a “sell” rating and cut their target price for the stock from $26.00 to $24.00 in a research report on Monday, June 5th. Finally, BidaskClub upgraded shares of Federated Investors from a “strong sell” rating to a “sell” rating in a research report on Saturday. Three investment analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Federated Investors presently has a consensus rating of “Hold” and a consensus target price of $23.83.

Analyst Recommendations for Federated Investors (NYSE:FII)

Shares of Federated Investors (NYSE:FII) opened at 27.78 on Monday. Federated Investors has a 52 week low of $24.52 and a 52 week high of $33.13. The stock’s 50 day moving average is $26.37 and its 200 day moving average is $26.88. The stock has a market capitalization of $2.72 billion, a PE ratio of 13.35 and a beta of 1.44.

Federated Investors (NYSE:FII) last released its earnings results on Thursday, April 27th. The asset manager reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. Federated Investors had a net margin of 18.62% and a return on equity of 33.32%. The company had revenue of $273.50 million during the quarter, compared to the consensus estimate of $290.19 million. During the same quarter in the prior year, the firm earned $0.44 EPS. The company’s revenue was up .5% compared to the same quarter last year. Analysts anticipate that Federated Investors will post $2.00 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Monday, May 8th were given a $0.25 dividend. The ex-dividend date was Thursday, May 4th. This represents a $1.00 dividend on an annualized basis and a yield of 3.60%. Federated Investors’s payout ratio is 48.08%.

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In other news, Director Gordon J. Ceresino sold 2,349 shares of the stock in a transaction on Tuesday, March 21st. The shares were sold at an average price of $25.56, for a total transaction of $60,040.44. Following the transaction, the director now owns 185,736 shares in the company, valued at approximately $4,747,412.16. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 7.10% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in FII. BlackRock Inc. raised its position in shares of Federated Investors by 15,254.4% in the first quarter. BlackRock Inc. now owns 9,951,364 shares of the asset manager’s stock valued at $262,118,000 after buying an additional 9,886,553 shares during the period. Fortis Advisors LLC purchased a new position in Federated Investors during the fourth quarter worth about $59,390,000. Norges Bank purchased a new position in Federated Investors during the fourth quarter worth about $29,812,000. Two Sigma Investments LP raised its position in Federated Investors by 1,823.2% in the fourth quarter. Two Sigma Investments LP now owns 638,424 shares of the asset manager’s stock worth $18,055,000 after buying an additional 605,228 shares during the last quarter. Finally, Hamlin Capital Management LLC raised its position in Federated Investors by 37.6% in the first quarter. Hamlin Capital Management LLC now owns 1,962,458 shares of the asset manager’s stock worth $51,691,000 after buying an additional 536,285 shares during the last quarter. Institutional investors own 85.83% of the company’s stock.

About Federated Investors

Federated Investors, Inc (Federated) is a provider of investment management products and related financial services. Federated operates through investment management business segment. It 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “FII”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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