Federated Investors, Inc. (NYSE:FII) had its target price increased by equities researchers at Citigroup Inc. from $22.00 to $24.00 in a research report issued on Tuesday. The brokerage currently has a “sell” rating on the asset manager’s stock. Citigroup Inc.’s target price would suggest a potential downside of 22.76% from the company’s previous close.
FII has been the topic of several other reports. Argus lowered Federated Investors from a “buy” rating to a “hold” rating in a report on Monday. Zacks Investment Research upgraded Federated Investors from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a report on Tuesday, July 4th. ValuEngine upgraded Federated Investors from a “hold” rating to a “buy” rating in a report on Thursday, October 26th. BidaskClub lowered Federated Investors from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. Finally, Credit Suisse Group reduced their target price on Federated Investors from $29.00 to $27.00 and set a “neutral” rating on the stock in a report on Friday, August 11th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target 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 for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.03. The firm had revenue of $278.32 million for the quarter, compared to analyst estimates of $278.51 million. Federated Investors had a return on equity of 34.54% and a net margin of 19.32%. The company’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.54 earnings per share.
Institutional investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Federated Investors by 8.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,484 shares of the asset manager’s stock valued at $127,000 after purchasing an additional 358 shares in the last quarter. Advisory Services Network LLC lifted its holdings in shares of Federated Investors by 9.4% in the second quarter. Advisory Services Network LLC now owns 5,968 shares of the asset manager’s stock valued at $169,000 after purchasing an additional 511 shares in the last quarter. Cornerstone Capital Management Holdings LLC. bought a new stake in shares of Federated Investors in the second quarter valued at about $176,000. Advisor Group Inc. lifted its holdings in shares of Federated Investors by 9.9% in the second quarter. Advisor Group Inc. now owns 6,300 shares of the asset manager’s stock valued at $177,000 after purchasing an additional 565 shares in the last quarter. Finally, Huntington National Bank lifted its holdings in shares of Federated Investors by 27.9% in the second quarter. Huntington National Bank now owns 6,587 shares of the asset manager’s stock valued at $186,000 after purchasing an additional 1,437 shares in the last quarter. Institutional investors own 83.27% of the company’s stock.
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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