Federated Investors Inc (FII) Forecasted to Post FY2018 Earnings of $2.85 Per Share

Federated Investors Inc (NYSE:FII) – Jefferies Group raised their FY2018 earnings per share estimates for shares of Federated Investors in a research note issued to investors on Wednesday. Jefferies Group analyst S. Thind now expects that the asset manager will post earnings of $2.85 per share for the year, up from their previous forecast of $2.25. Jefferies Group currently has a “Hold” rating and a $30.00 price objective on the stock. Jefferies Group also issued estimates for Federated Investors’ Q4 2018 earnings at $0.74 EPS and FY2019 earnings at $2.93 EPS.

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

FII has been the subject of a number of other research reports. ValuEngine raised Federated Investors from a “hold” rating to a “buy” rating in a report on Monday, November 6th. Argus cut Federated Investors from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Zacks Investment Research raised Federated Investors from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research note on Monday, October 2nd. Keefe, Bruyette & Woods reissued a “sell” rating and issued a $31.00 price target on shares of Federated Investors in a research note on Wednesday, November 1st. Finally, Royal Bank of Canada set a $31.00 price target on Federated Investors and gave the company a “hold” rating in a research note on Friday, December 15th. Four analysts have rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $30.75.

Shares of Federated Investors (NYSE FII) traded up $0.14 on Friday, reaching $35.14. The company’s stock had a trading volume of 915,701 shares, compared to its average volume of 897,710. Federated Investors has a fifty-two week low of $24.93 and a fifty-two week high of $36.67. The company has a current ratio of 3.33, a quick ratio of 1.89 and a debt-to-equity ratio of 0.27. The firm has a market cap of $3,550.00, a PE ratio of 16.58, a PEG ratio of 1.39 and a beta of 1.56.

Several institutional investors have recently made changes to their positions in FII. Russell Investments Group Ltd. boosted its position in shares of Federated Investors by 41.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 23,237 shares of the asset manager’s stock valued at $656,000 after purchasing an additional 6,778 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Federated Investors by 7.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 741,660 shares of the asset manager’s stock valued at $20,952,000 after purchasing an additional 54,010 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Federated Investors by 14.1% during the 2nd quarter. Legal & General Group Plc now owns 126,889 shares of the asset manager’s stock valued at $3,582,000 after purchasing an additional 15,678 shares in the last quarter. Utah Retirement Systems boosted its position in shares of Federated Investors by 2.4% during the 2nd quarter. Utah Retirement Systems now owns 17,346 shares of the asset manager’s stock valued at $490,000 after purchasing an additional 400 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Federated Investors by 8.7% during the 2nd 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. Institutional investors own 85.22% of the company’s stock.

In related news, VP John B. Fisher sold 6,460 shares of the company’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $31.49, for a total transaction of $203,425.40. Following the sale, the vice president now owns 508,445 shares in the company, valued at approximately $16,010,933.05. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Peter J. Germain sold 9,654 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $36.04, for a total value of $347,930.16. Following the sale, the executive vice president now owns 68,987 shares in the company, valued at approximately $2,486,291.48. The disclosure for this sale can be found here. In the last three months, insiders sold 47,430 shares of company stock valued at $1,636,457. Insiders own 7.10% of the company’s stock.

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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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