Argus Lowers Federated Investors Inc (FII) Price Target to $33.00
Federated Investors Inc (NYSE:FII) had its target price decreased by research analysts at Argus from $36.00 to $33.00 in a research report issued to clients and investors on Friday, StockTargetPrices.com reports. The firm currently has a “buy” rating on the stock. Argus’ target price points to a potential upside of 31.37% from the company’s previous close.
FII has been the topic of a number of other reports. JPMorgan Chase & Co. decreased their target price on Federated Investors from $28.50 to $24.00 in a research note on Thursday, January 14th. Zacks Investment Research cut Federated Investors from a “buy” rating to a “hold” rating in a report on Tuesday, January 12th. RBC Capital upped their price objective on Federated Investors from $27.00 to $28.00 and gave the stock an “underperform” rating in a report on Monday, October 26th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $30.00 price objective (down from $35.00) on shares of Federated Investors in a report on Monday, January 11th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. Federated Investors has a consensus rating of “Hold” and an average target price of $31.14.
In related news, VP John B. Fisher sold 6,281 shares of the stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $31.13, for a total transaction of $195,527.53. Following the completion of the sale, the vice president now directly owns 457,297 shares in the company, valued at approximately $14,235,655.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Richard A. Novak sold 1,056 shares of the stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $31.19, for a total value of $32,936.64. Following the sale, the insider now owns 37,812 shares of the company’s stock, valued at $1,179,356.28. The disclosure for this sale can be found here.
Other large investors recently modified their holdings of the company. Simplex Trading bought a new stake in shares of Federated Investors during the fourth quarter valued at $0. Quantitative Systematic Strategies acquired a new stake in Federated Investors during the fourth quarter valued at $307,000. Fox Run Management acquired a new stake in Federated Investors during the fourth quarter valued at $407,000. Louisiana State Employees Retirement System acquired a new stake in Federated Investors during the fourth quarter valued at $751,000. Finally, Northwest Investment Counselors LLC boosted its stake in Federated Investors by 11.1% in the fourth quarter. Northwest Investment Counselors LLC now owns 37,088 shares of the company’s stock valued at $1,063,000 after buying an additional 3,691 shares during the period.
Shares of Federated Investors (NYSE:FII) traded up 0.68% during midday trading on Friday, reaching $25.29. The company’s stock had a trading volume of 1,651,862 shares. Federated Investors has a 12-month low of $24.25 and a 12-month high of $35.75. The company’s 50-day moving average price is $27.31 and its 200 day moving average price is $30.36. The company has a market capitalization of $2.54 billion and a P/E ratio of 16.42.
Federated Investors (NYSE:FII) last announced its earnings results on Thursday, January 28th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. During the same quarter in the prior year, the company earned $0.38 earnings per share. The business earned $243.60 million during the quarter, compared to the consensus estimate of $237.28 million. Federated Investors’s revenue was up 11.8% compared to the same quarter last year. On average, equities research analysts forecast that Federated Investors will post $1.60 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 12th. Investors of record on Friday, February 5th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.98%. The ex-dividend date of this dividend is Wednesday, February 3rd.
Federated Investors, Inc. (NYSE:FII) is a provider of investment management products and related financial services. The Company 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 in both domestic and international markets. Federated’s principal source of revenue is investment advisory fee income earned by various domestic subsidiaries of Federated pursuant to investment advisory contracts with the investment products. Federated provides investment advisory services to 131 Federated-sponsored funds (the Federated Funds). It markets these funds to banks, brokers and dealers and other financial intermediaries who use them to meet the needs of their customers, including retail investors, corporations and retirement plans.
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