Federated Investors, Inc. (FII) Receives Consensus Rating of “Hold” from Brokerages

Shares of Federated Investors, Inc. (NYSE:FII) have received a consensus recommendation of “Hold” from the nine brokerages that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $23.50.

A number of brokerages have recently issued reports on FII. BidaskClub cut Federated Investors from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Keefe, Bruyette & Woods reaffirmed a “sell” rating and set a $28.00 price objective on shares of Federated Investors in a research note on Friday, July 14th. Zacks Investment Research cut Federated Investors from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Finally, Royal Bank Of Canada set a $28.00 price objective on Federated Investors and gave the company a “hold” rating in a research note on Friday, July 28th.

In related news, insider Richard A. Novak sold 2,700 shares of the firm’s stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $27.70, for a total value of $74,790.00. Following the sale, the insider now directly owns 44,741 shares of the company’s stock, valued at $1,239,325.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John B. Fisher sold 5,041 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $27.97, for a total value of $140,996.77. Following the completion of the sale, the vice president now directly owns 514,905 shares in the company, valued at $14,401,892.85. The disclosure for this sale can be found here. Insiders sold 8,875 shares of company stock worth $246,998 over the last three months. 7.10% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of the company. Hamlin Capital Management LLC boosted its stake in Federated Investors by 37.6% in the first quarter. Hamlin Capital Management LLC now owns 1,962,458 shares of the asset manager’s stock valued at $51,691,000 after buying an additional 536,285 shares during the last quarter. Capital Management Corp VA acquired a new stake in Federated Investors during the first quarter valued at about $8,029,000. Glenview State Bank Trust DEPT. boosted its stake in Federated Investors by 4.8% in the first quarter. Glenview State Bank Trust DEPT. now owns 10,850 shares of the asset manager’s stock valued at $286,000 after buying an additional 500 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in Federated Investors by 63.8% in the first quarter. Janney Montgomery Scott LLC now owns 73,494 shares of the asset manager’s stock valued at $1,936,000 after buying an additional 28,637 shares during the last quarter. Finally, First Quadrant L P CA boosted its stake in Federated Investors by 38.3% in the first quarter. First Quadrant L P CA now owns 502,396 shares of the asset manager’s stock valued at $13,233,000 after buying an additional 139,209 shares during the last quarter. 84.91% of the stock is currently owned by institutional investors.

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Shares of Federated Investors (NYSE FII) traded down 2.24% during midday trading on Friday, reaching $26.67. The company had a trading volume of 1,046,368 shares. The company has a 50 day moving average of $28.42 and a 200 day moving average of $27.02. The company has a market capitalization of $2.60 billion, a PE ratio of 12.70 and a beta of 1.42. Federated Investors has a one year low of $24.52 and a one year high of $33.13.

Federated Investors (NYSE:FII) last announced its quarterly earnings data on Thursday, July 27th. The asset manager reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.03. Federated Investors had a return on equity of 33.93% and a net margin of 18.91%. The firm had revenue of $272.80 million for the quarter, compared to analysts’ expectations of $278.51 million. During the same period last year, the firm earned $0.51 earnings per share. The company’s revenue for the quarter was down 4.8% compared to the same quarter last year. Analysts predict that Federated Investors will post $2.05 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Tuesday, August 8th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, August 4th. This represents a $1.00 annualized dividend and a dividend yield of 3.75%. Federated Investors’s payout ratio is presently 48.08%.

Federated Investors Company Profile

Federated Investors, Inc (Federated) is a provider of investment management products and related financial services. Federated operates through investment management business segment. It is engaged in sponsoring, marketing and providing investment-related services to various investment products, including mutual funds and Separate Accounts, which include separately managed accounts, institutional accounts, sub-advised funds and other managed products.

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