Federated Investors, Inc. (FII) Downgraded by Argus

Argus lowered shares of Federated Investors, Inc. (NYSE:FII) from a buy rating to a hold rating in a research report report published on Monday morning, Marketbeat Ratings reports.

FII has been the topic of several other research reports. Zacks Investment Research raised Federated Investors from a hold rating to a buy rating and set a $32.00 target price on the stock in a research note on Tuesday, July 4th. ValuEngine raised Federated Investors from a hold rating to a buy rating in a research note on Thursday, October 26th. BidaskClub lowered Federated Investors from a sell rating to a strong sell rating in a research note on Monday, August 14th. Credit Suisse Group decreased their target price on Federated Investors from $29.00 to $27.00 and set a neutral rating on the stock in a research note on Friday, August 11th. Finally, Deutsche Bank AG began coverage on Federated Investors in a research note on Tuesday, October 17th. They set a hold rating and a $31.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $28.75.

Federated Investors (NYSE:FII) last posted its earnings results on Thursday, October 26th. The asset manager reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.03. Federated Investors had a return on equity of 34.54% and a net margin of 19.32%. The firm had revenue of $278.32 million for the quarter, compared to analyst estimates of $278.51 million. During the same quarter in the prior year, the company earned $0.54 EPS. Federated Investors’s revenue was down 5.5% on a year-over-year basis.

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The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 8th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date is Tuesday, November 7th. Federated Investors’s dividend payout ratio is currently 47.62%.

A number of hedge funds have recently bought and sold shares of FII. BlackRock Inc. raised its position in Federated Investors by 15,254.4% in the 1st quarter. BlackRock Inc. now owns 9,951,364 shares of the asset manager’s stock valued at $262,118,000 after purchasing an additional 9,886,553 shares in the last quarter. Bank of New York Mellon Corp raised its position in Federated Investors by 46.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,248,244 shares of the asset manager’s stock valued at $63,513,000 after purchasing an additional 713,994 shares in the last quarter. Anchor Capital Advisors LLC raised its position in Federated Investors by 3,223.0% in the 2nd quarter. Anchor Capital Advisors LLC now owns 688,527 shares of the asset manager’s stock valued at $19,451,000 after purchasing an additional 667,807 shares in the last quarter. Victory Capital Management Inc. raised its position in Federated Investors by 52.1% in the 3rd quarter. Victory Capital Management Inc. now owns 1,332,298 shares of the asset manager’s stock valued at $39,570,000 after purchasing an additional 456,280 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Federated Investors by 21.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,603,455 shares of the asset manager’s stock valued at $73,546,000 after purchasing an additional 451,268 shares in the last quarter. 83.27% of the stock is currently owned by institutional investors.

About Federated Investors

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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