Federated Investors Inc. (NYSE:FII)‘s stock had its “sell” rating reaffirmed by stock analysts at Credit Suisse Group AG in a research note issued on Monday. They currently have a $26.00 price target on the stock. Credit Suisse Group AG’s price target points to a potential downside of 6.24% from the stock’s current price.
Other equities analysts have also issued reports about the stock. Jefferies Group decreased their price objective on shares of Federated Investors from $37.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, October 11th. Zacks Investment Research upgraded shares of Federated Investors from a “sell” rating to a “hold” rating in a report on Tuesday, November 1st. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Federated Investors from $33.00 to $35.00 and gave the stock a “market perform” rating in a report on Monday, August 1st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $29.13.
Federated Investors (NYSE:FII) traded up 0.18% during trading on Monday, hitting $27.73. The stock had a trading volume of 257,466 shares. Federated Investors has a 52-week low of $22.76 and a 52-week high of $33.13. The company has a 50-day moving average price of $27.25 and a 200-day moving average price of $30.10. The company has a market cap of $2.74 billion, a price-to-earnings ratio of 14.37 and a beta of 1.63.
Federated Investors (NYSE:FII) last released its earnings results on Thursday, October 27th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.02. Federated Investors had a net margin of 18.28% and a return on equity of 30.13%. The firm earned $294.60 million during the quarter, compared to analyst estimates of $264.41 million. During the same period last year, the business earned $0.42 earnings per share. The business’s revenue was up 25.7% on a year-over-year basis. Equities research analysts forecast that Federated Investors will post $2.00 EPS for the current year.
The business also recently announced a special dividend, which was paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 8th were paid a dividend of $1.00 per share. The ex-dividend date was Friday, November 4th. This represents a yield of 3.73%. Federated Investors’s dividend payout ratio is presently 50.76%.
In other Federated Investors news, Director Michael J. Farrell acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, November 2nd. The stock was purchased at an average price of $26.07 per share, with a total value of $260,700.00. Following the transaction, the director now directly owns 41,700 shares in the company, valued at approximately $1,087,119. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP John B. Fisher sold 6,588 shares of the business’s stock in a transaction on Wednesday, November 2nd. The shares were sold at an average price of $25.94, for a total transaction of $170,892.72. Following the sale, the vice president now directly owns 469,442 shares of the company’s stock, valued at approximately $12,177,325.48. The disclosure for this sale can be found here. Company insiders own 10.50% of the company’s stock.
Several large investors have recently modified their holdings of the stock. BlackRock Fund Advisors increased its stake in shares of Federated Investors by 7.9% in the third quarter. BlackRock Fund Advisors now owns 6,607,652 shares of the company’s stock worth $195,785,000 after buying an additional 485,975 shares during the last quarter. Smith Asset Management Group LP acquired a new stake in shares of Federated Investors during the third quarter worth about $10,344,000. Herndon Capital Management LLC increased its stake in shares of Federated Investors by 22.0% in the second quarter. Herndon Capital Management LLC now owns 1,853,011 shares of the company’s stock worth $53,328,000 after buying an additional 334,450 shares during the last quarter. Schroder Investment Management Group increased its stake in shares of Federated Investors by 60.9% in the third quarter. Schroder Investment Management Group now owns 815,900 shares of the company’s stock worth $24,175,000 after buying an additional 308,900 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Federated Investors by 55.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 839,524 shares of the company’s stock worth $24,162,000 after buying an additional 299,249 shares during the last quarter. 77.48% of the stock is owned by hedge funds and other institutional investors.
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