Federated Investors (FII) Raised to B at TheStreet

TheStreet upgraded shares of Federated Investors (NYSE:FII) from a c+ rating to a b rating in a report published on Wednesday morning.

Other research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. upgraded Federated Investors from an underweight rating to a neutral rating and set a $24.00 price objective on the stock in a research report on Monday, September 17th. Zacks Investment Research cut Federated Investors from a strong-buy rating to a hold rating in a research report on Monday, November 19th. ValuEngine upgraded Federated Investors from a strong sell rating to a sell rating in a research report on Saturday, October 27th. Keefe, Bruyette & Woods reiterated a neutral rating and set a $25.00 price objective on shares of Federated Investors in a research report on Sunday, July 29th. Finally, Royal Bank of Canada set a $26.00 price objective on Federated Investors and gave the stock a hold rating in a research report on Monday, October 29th. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Federated Investors presently has an average rating of Hold and a consensus target price of $26.79.

Shares of Federated Investors stock opened at $26.27 on Wednesday. Federated Investors has a 1 year low of $22.06 and a 1 year high of $36.76. The firm has a market cap of $2.65 billion, a price-to-earnings ratio of 12.05, a price-to-earnings-growth ratio of 1.68 and a beta of 1.11. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.65 and a quick ratio of 1.41.

Federated Investors (NYSE:FII) last announced its quarterly earnings results on Thursday, October 25th. The asset manager reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.05. Federated Investors had a return on equity of 30.19% and a net margin of 26.25%. The business had revenue of $308.62 million during the quarter, compared to the consensus estimate of $283.04 million. On average, sell-side analysts forecast that Federated Investors will post 2.37 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Thursday, November 8th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 4.11%. The ex-dividend date of this dividend was Wednesday, November 7th. Federated Investors’s payout ratio is 49.54%.

In related news, EVP Peter J. Germain sold 1,415 shares of the firm’s stock in a transaction on Friday, November 2nd. The stock was sold at an average price of $25.06, for a total value of $35,459.90. Following the transaction, the executive vice president now owns 92,764 shares in the company, valued at $2,324,665.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John B. Fisher sold 10,099 shares of the firm’s stock in a transaction on Friday, November 2nd. The stock was sold at an average price of $24.89, for a total value of $251,364.11. Following the completion of the transaction, the vice president now owns 541,485 shares in the company, valued at approximately $13,477,561.65. The disclosure for this sale can be found here. Insiders have sold a total of 11,712 shares of company stock worth $291,790 in the last quarter. Company insiders own 5.30% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of FII. Riverhead Capital Management LLC bought a new position in shares of Federated Investors in the third quarter worth $106,000. Bruderman Asset Management LLC bought a new position in shares of Federated Investors in the second quarter worth $113,000. Itau Unibanco Holding S.A. bought a new position in shares of Federated Investors in the second quarter worth $156,000. NumerixS Investment Technologies Inc increased its position in shares of Federated Investors by 123.9% in the second quarter. NumerixS Investment Technologies Inc now owns 9,850 shares of the asset manager’s stock worth $229,000 after purchasing an additional 5,450 shares during the period. Finally, Landmark Bank bought a new position in shares of Federated Investors in the second quarter worth $233,000. Institutional investors own 84.26% of the company’s stock.

Federated Investors Company Profile

Federated Investors, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, including high net worth individuals, banking or thrift institutions, investment companies, pension and profit sharing plans, pooled investment vehicles, charitable organizations, state or municipal government entities, and registered investment advisors.

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Analyst Recommendations for Federated Investors (NYSE:FII)

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