Federated Investors Inc (NYSE:FII) – Stock analysts at Jefferies Financial Group raised their FY2018 earnings per share (EPS) estimates for Federated Investors in a research note issued to investors on Wednesday, January 9th. Jefferies Financial Group analyst D. Fannon now anticipates that the asset manager will post earnings of $2.40 per share for the year, up from their prior estimate of $2.39. Jefferies Financial Group also issued estimates for Federated Investors’ Q4 2018 earnings at $0.62 EPS, Q1 2019 earnings at $0.62 EPS, Q2 2019 earnings at $0.65 EPS, FY2019 earnings at $2.57 EPS and FY2020 earnings at $2.70 EPS.
A number of other analysts also recently weighed in on the stock. Zacks Investment Research reissued a “buy” rating and set a $28.00 target price on shares of Federated Investors in a research report on Monday, December 31st. ValuEngine raised shares of Federated Investors from a “sell” rating to a “hold” rating in a research report on Thursday, December 20th. Citigroup raised shares of Federated Investors from a “sell” rating to a “neutral” rating and increased their target price for the company from $21.00 to $24.00 in a research report on Tuesday, December 18th. Gabelli started coverage on shares of Federated Investors in a research report on Sunday, December 16th. They set a “buy” rating and a $37.00 price objective for the company. Finally, TheStreet raised shares of Federated Investors from a “c+” rating to a “b” rating in a research report on Wednesday, November 21st. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $27.25.
NYSE:FII opened at $25.91 on Friday. The company has a market cap of $2.62 billion, a price-to-earnings ratio of 11.89, a PEG ratio of 1.86 and a beta of 0.94. 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 has a fifty-two week low of $22.06 and a fifty-two week high of $36.76.
Federated Investors (NYSE:FII) last released its earnings results on Thursday, October 25th. The asset manager reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.05. The business had revenue of $308.62 million during the quarter, compared to the consensus estimate of $283.04 million. Federated Investors had a net margin of 26.25% and a return on equity of 30.19%.
Several institutional investors and hedge funds have recently modified their holdings of FII. State of Alaska Department of Revenue lifted its stake in Federated Investors by 6.0% during the 4th quarter. State of Alaska Department of Revenue now owns 12,803 shares of the asset manager’s stock valued at $339,000 after acquiring an additional 721 shares in the last quarter. Legal & General Group Plc lifted its stake in Federated Investors by 1.1% during the 3rd quarter. Legal & General Group Plc now owns 133,651 shares of the asset manager’s stock valued at $3,224,000 after acquiring an additional 1,423 shares in the last quarter. Teachers Advisors LLC lifted its stake in Federated Investors by 3.6% during the 3rd quarter. Teachers Advisors LLC now owns 191,177 shares of the asset manager’s stock valued at $4,611,000 after acquiring an additional 6,693 shares in the last quarter. AQR Capital Management LLC lifted its stake in Federated Investors by 0.4% during the 3rd quarter. AQR Capital Management LLC now owns 1,953,092 shares of the asset manager’s stock valued at $47,109,000 after acquiring an additional 7,507 shares in the last quarter. Finally, IndexIQ Advisors LLC lifted its stake in Federated Investors by 3.9% during the 3rd quarter. IndexIQ Advisors LLC now owns 68,061 shares of the asset manager’s stock valued at $1,642,000 after acquiring an additional 2,569 shares in the last quarter. Institutional investors own 83.88% of the company’s stock.
In related news, VP John B. Fisher sold 10,099 shares of the 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 transaction, the vice president now directly owns 541,485 shares in the company, valued at approximately $13,477,561.65. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Peter J. Germain sold 1,415 shares of the 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 completion of the transaction, the executive vice president now owns 92,764 shares in the company, valued at $2,324,665.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,712 shares of company stock valued at $291,790. Insiders own 5.30% of the company’s stock.
About Federated Investors
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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