Trading Report: Today, Jefferies Group Trims Federated Investors Inc. (FII) Target Price to $35.00

Today, Jefferies Group Trims Federated Investors Inc. (FII) Target Price to $35.00

Federated Investors Inc. (NYSE:FII) had its price target decreased by Jefferies Group from $37.00 to $35.00 in a report published on Tuesday. Jefferies Group currently has a buy rating on the stock.

Several other analysts have also issued reports on FII. Credit Suisse Group AG set a $27.00 price target on shares of Federated Investors and gave the stock a sell rating in a research report on Sunday, July 31st. Zacks Investment Research lowered shares of Federated Investors from a hold rating to a sell rating in a research report on Tuesday, June 14th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Federated Investors from $33.00 to $35.00 and gave the stock a market perform rating in a research report on Monday, August 1st. Four analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. Federated Investors presently has an average rating of Hold and a consensus target price of $30.13.

Shares of Federated Investors (NYSE:FII) opened at 27.62 on Tuesday. The firm has a market cap of $2.75 billion, a price-to-earnings ratio of 15.18 and a beta of 1.51. 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 of $30.72 and a 200 day moving average of $30.73.

Federated Investors (NYSE:FII) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.03. The company had revenue of $286.74 million for the quarter, compared to analyst estimates of $284.39 million. Federated Investors had a net margin of 18.30% and a return on equity of 28.98%. The business’s quarterly revenue was up 25.7% on a year-over-year basis. During the same period last year, the business posted $0.40 EPS. Equities analysts predict that Federated Investors will post $1.98 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in FII. Americafirst Capital Management LLC purchased a new position in shares of Federated Investors during the second quarter valued at about $101,000. Advisory Services Network LLC increased its position 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 in the last quarter. Victory Capital Management Inc. increased its position 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 in the last quarter. Glenmede Trust Co. NA purchased a new position in shares of Federated Investors during the second quarter valued at about $130,000. Finally, JFS Wealth Advisors LLC purchased a new position in shares of Federated Investors during the second quarter valued at about $147,000. 75.42% of the stock is owned by hedge funds and other institutional investors.

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