Shares of Federated Investors (NYSE:FII) have earned a consensus rating of “Hold” from the eleven ratings firms that are covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a sell rating and six have issued a hold rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $29.79.
A number of research firms recently weighed in on FII. Royal Bank of Canada boosted their target price on Federated Investors to $37.00 and gave the stock a “sector perform” rating in a research report on Monday, January 29th. Zacks Investment Research cut Federated Investors from a “buy” rating to a “hold” rating in a research note on Monday, March 12th. Deutsche Bank decreased their price target on Federated Investors from $34.00 to $32.00 and set a “hold” rating on the stock in a research note on Tuesday, March 6th. Citigroup raised Federated Investors from a “sell” rating to a “neutral” rating in a research note on Monday, March 5th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $32.00 price target on shares of Federated Investors in a research note on Wednesday, April 11th.
In other news, EVP Peter J. Germain sold 1,294 shares of the business’s stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $34.27, for a total transaction of $44,345.38. Following the transaction, the executive vice president now directly owns 75,473 shares of the company’s stock, valued at $2,586,459.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gordon J. Ceresino sold 4,487 shares of the business’s stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $34.20, for a total value of $153,455.40. Following the transaction, the director now directly owns 194,221 shares in the company, valued at $6,642,358.20. The disclosure for this sale can be found here. Insiders sold a total of 17,803 shares of company stock worth $608,486 over the last ninety days. Insiders own 5.30% of the company’s stock.
NYSE:FII traded up $0.18 during mid-day trading on Monday, reaching $24.71. The stock had a trading volume of 25,590 shares, compared to its average volume of 1,246,046. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of 11.36, a PEG ratio of 1.83 and a beta of 1.36. Federated Investors has a one year low of $24.71 and a one year high of $24.95. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.43 and a quick ratio of 3.91.
Federated Investors (NYSE:FII) last released its earnings results on Thursday, April 26th. The asset manager reported $0.60 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.05). The firm had revenue of $263.85 million during the quarter, compared to the consensus estimate of $277.61 million. Federated Investors had a return on equity of 32.55% and a net margin of 27.63%. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.49 EPS. sell-side analysts anticipate that Federated Investors will post 2.4 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Tuesday, May 8th will be paid a $0.27 dividend. This is a boost from Federated Investors’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date of this dividend is Monday, May 7th. Federated Investors’s payout ratio is 49.54%.
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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