Latest Stocks: Federated Investors Inc (FII) Given Consensus Recommendation of “Hold” by Analysts

Latest Stocks: Federated Investors Inc (FII) Given Consensus Recommendation of “Hold” by Analysts

Shares of Federated Investors Inc (NYSE:FII) have been assigned a consensus recommendation of “Hold” from the seven research firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $23.83.

A number of equities analysts have recently weighed in on the stock. Keefe, Bruyette & Woods reaffirmed a “sell” rating and issued a $26.00 price target on shares of Federated Investors in a research note on Thursday, June 1st. Citigroup Inc downgraded shares of Federated Investors from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $26.00 to $24.00 in a research note on Monday. ValuEngine downgraded shares of Federated Investors from a “buy” rating to a “hold” rating in a research note on Friday. Zacks Investment Research raised shares of Federated Investors from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research report on Tuesday, April 25th. Finally, Jefferies Group LLC raised shares of Federated Investors from an “underperform” rating to a “hold” rating and set a $11.00 target price on the stock in a research report on Friday, March 24th.

In other Federated Investors 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 directly owns 185,736 shares of the company’s stock, valued at $4,747,412.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 10.50% of the company’s stock. A number of large investors have recently added to or reduced their stakes in FII. Nationwide Fund Advisors boosted its stake in Federated Investors by 52.7% in the third quarter. Nationwide Fund Advisors now owns 256,537 shares of the asset manager’s stock worth $7,601,000 after buying an additional 88,587 shares during the period. Great West Life Assurance Co. Can boosted its stake in Federated Investors by 1.4% in the third quarter. Great West Life Assurance Co. Can now owns 3,379,407 shares of the asset manager’s stock worth $100,001,000 after buying an additional 45,694 shares during the period. Old Mutual Global Investors UK Ltd. purchased a new stake in Federated Investors during the third quarter worth about $501,000. Clarkston Capital Partners LLC boosted its stake in Federated Investors by 5.2% in the third quarter. Clarkston Capital Partners LLC now owns 2,099,629 shares of the asset manager’s stock worth $62,212,000 after buying an additional 104,380 shares during the period. Finally, First Citizens Bank & Trust Co. purchased a new stake in Federated Investors during the third quarter worth about $384,000. Institutional investors own 76.42% of the company’s stock.

Federated Investors (NYSE:FII) opened at 26.55 on Tuesday. The stock has a market cap of $2.60 billion, a P/E ratio of 12.76 and a beta of 1.54. The stock has a 50 day moving average price of $26.39 and a 200-day moving average price of $26.91. Federated Investors has a 12-month low of $24.52 and a 12-month high of $33.13. Federated Investors (NYSE:FII) last posted its quarterly earnings results on Thursday, April 27th. The asset manager reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.02. Federated Investors had a net margin of 18.66% and a return on equity of 31.67%. The business had revenue of $273.50 million for the quarter, compared to the consensus estimate of $290.19 million. During the same period in the prior year, the business posted $0.44 earnings per share. Federated Investors’s revenue for the quarter was up .5% compared to the same quarter last year. On average, equities analysts expect that Federated Investors will post $2.00 earnings per share for the current year.

Related posts

Leave a Comment