Brokers Issue Forecasts for Federated Investors Inc’s FY2017 Earnings (FII)

Federated Investors Inc (NYSE:FII) – Stock analysts at Jefferies Group raised their FY2017 EPS estimates for shares of Federated Investors in a report released on Wednesday. Jefferies Group analyst S. Thind now anticipates that the asset manager will earn $2.18 per share for the year, up from their prior forecast of $2.17. Jefferies Group has a “Hold” rating and a $30.00 price target on the stock. Jefferies Group also issued estimates for Federated Investors’ Q4 2017 earnings at $0.61 EPS, Q1 2018 earnings at $0.68 EPS, Q2 2018 earnings at $0.70 EPS and Q3 2018 earnings at $0.73 EPS.

A number of other equities research analysts also recently issued reports on the stock. JPMorgan Chase & Co. downgraded shares of Federated Investors from a “neutral” rating to an “underweight” rating and set a $31.00 target price for the company. in a report on Monday, January 8th. Zacks Investment Research upgraded shares of Federated Investors from a “hold” rating to a “strong-buy” rating and set a $41.00 target price for the company in a report on Thursday, January 4th. Royal Bank of Canada set a $31.00 price target on shares of Federated Investors and gave the company a “hold” rating in a research report on Friday, December 15th. ValuEngine raised shares of Federated Investors from a “hold” rating to a “buy” rating in a research report on Thursday, November 30th. Finally, Keefe, Bruyette & Woods reaffirmed a “sell” rating and set a $31.00 price target on shares of Federated Investors in a research report on Wednesday, November 1st. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. Federated Investors presently has a consensus rating of “Hold” and an average price target of $30.75.

Shares of Federated Investors (NYSE:FII) opened at $35.14 on Thursday. Federated Investors has a twelve month low of $24.93 and a twelve month high of $36.67. The stock has a market cap of $3,531.64, a P/E ratio of 16.67, a P/E/G ratio of 1.39 and a beta of 1.56. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.33 and a quick ratio of 1.89.

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

In other Federated Investors news, VP John B. Fisher sold 6,460 shares of Federated Investors stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $31.49, for a total transaction of $203,425.40. Following the transaction, the vice president now directly owns 508,445 shares of the company’s stock, valued at $16,010,933.05. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Peter J. Germain sold 9,654 shares of Federated Investors stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $36.04, for a total transaction of $347,930.16. Following the transaction, the executive vice president now directly owns 68,987 shares in the company, valued at $2,486,291.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,430 shares of company stock worth $1,636,457. 7.10% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the business. Bessemer Group Inc. acquired a new position in shares of Federated Investors during the third quarter worth $126,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Federated Investors by 8.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,484 shares of the asset manager’s stock worth $127,000 after purchasing an additional 358 shares in the last quarter. Bremer Trust National Association acquired a new position in shares of Federated Investors during the fourth quarter worth $209,000. Advisory Services Network LLC lifted its position in shares of Federated Investors by 9.4% during the second quarter. Advisory Services Network LLC now owns 5,968 shares of the asset manager’s stock worth $169,000 after purchasing an additional 511 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. acquired a new position in shares of Federated Investors during the second quarter worth $176,000. 85.22% of the stock is currently owned by hedge funds and other institutional investors.

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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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