Trade Report: The Federated Investors’ (FII) “Hold” Rating Reaffirmed at Keefe, Bruyette & Woods

The Federated Investors’ (FII) “Hold” Rating Reaffirmed at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods restated their hold rating on shares of Federated Investors Inc. (NYSE:FII) in a research report report published on Friday. The brokerage currently has a $30.00 price target on the stock.

A number of other brokerages have also recently commented on FII. Jefferies Group raised their target price on Federated Investors from $35.00 to $37.00 and gave the stock a buy rating in a report on Monday, August 8th. Zacks Investment Research raised Federated Investors from a hold rating to a buy rating and set a $36.00 target price on the stock in a report on Wednesday, August 10th. Finally, Credit Suisse Group AG set a $27.00 target price on Federated Investors and gave the stock a sell rating in a report on Sunday, July 31st. Four investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $30.13.

Shares of Federated Investors (NYSE:FII) traded down 0.18% during mid-day trading on Friday, hitting $27.57. 178,802 shares of the company’s stock were exchanged. Federated Investors has a 52 week low of $22.76 and a 52 week high of $33.13. The firm has a 50 day moving average price of $30.72 and a 200-day moving average price of $30.73. The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of 15.15 and a beta of 1.51.

Federated Investors (NYSE:FII) last announced its earnings results on Thursday, July 28th. The company reported $0.51 EPS for the quarter, topping the Zacks’ consensus estimate 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 had revenue of $286.74 million for the quarter, compared to analysts’ expectations of $284.39 million. During the same period last year, the firm earned $0.40 EPS. Federated Investors’s revenue for the quarter was up 25.7% compared to the same quarter last year. On average, equities analysts anticipate that Federated Investors will post $1.98 EPS for the current year.

Several large investors have recently modified their holdings of the company. Americafirst Capital Management LLC purchased a new stake in shares of Federated Investors during the second quarter valued at about $101,000. Advisory Services Network LLC boosted its stake in shares of Federated Investors by 787.5% in the second quarter. Advisory Services Network LLC now owns 3,550 shares of the company’s stock valued at $102,000 after buying an additional 3,150 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Federated Investors by 77.5% in the second quarter. Victory Capital Management Inc. now owns 3,704 shares of the company’s stock valued at $107,000 after buying an additional 1,617 shares during the period. Glenmede Trust Co. NA purchased a new stake in shares of Federated Investors during the second quarter valued at about $130,000. Finally, JFS Wealth Advisors LLC purchased a new stake in shares of Federated Investors during the second quarter valued at about $147,000. 75.42% of the stock is currently owned by hedge funds and other institutional investors.

Federated Investors Company Profile

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