Federated Investors (FII) Reaches New 12-Month Low at $23.35

Federated Investors Inc (NYSE:FII) shares reached a new 52-week low on Friday . The company traded as low as $23.35 and last traded at $23.38, with a volume of 8864084 shares changing hands. The stock had previously closed at $23.86.

A number of research firms have weighed in on FII. Zacks Investment Research lowered shares of Federated Investors from a “buy” rating to a “hold” rating in a research note on Monday, March 12th. Deutsche Bank dropped their price target on shares of Federated Investors from $34.00 to $32.00 and set a “hold” rating on the stock in a research report on Tuesday, March 6th. Citigroup raised shares of Federated Investors from a “sell” rating to a “neutral” rating in a research report on Monday, March 5th. Jefferies Financial Group reissued a “hold” rating and set a $32.00 price target on shares of Federated Investors in a research report on Wednesday, April 11th. Finally, Royal Bank of Canada dropped their price target on shares of Federated Investors to $30.00 and set a “sector perform” rating on the stock in a research report on Monday, April 30th. Five analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. Federated Investors currently has a consensus rating of “Hold” and an average target price of $31.19.

The company has a current ratio of 4.43, a quick ratio of 3.91 and a debt-to-equity ratio of 0.21. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of 10.94, a PEG ratio of 1.81 and a beta of 1.28.

Federated Investors (NYSE:FII) last announced its quarterly earnings data on Thursday, April 26th. The asset manager reported $0.60 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.05). The company had revenue of $263.85 million during the quarter, compared to the consensus estimate of $277.61 million. Federated Investors had a return on equity of 32.55% and a net margin of 27.63%. The business’s revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.49 EPS. equities analysts anticipate that Federated Investors Inc will post 2.4 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the business. Great West Life Assurance Co. Can raised its position in Federated Investors by 5.3% in the first quarter. Great West Life Assurance Co. Can now owns 5,101,078 shares of the asset manager’s stock worth $170,640,000 after acquiring an additional 257,339 shares during the period. Dimensional Fund Advisors LP raised its position in Federated Investors by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,955,098 shares of the asset manager’s stock worth $98,700,000 after acquiring an additional 20,020 shares during the period. Victory Capital Management Inc. raised its position in Federated Investors by 40.2% in the first quarter. Victory Capital Management Inc. now owns 2,245,820 shares of the asset manager’s stock worth $75,011,000 after acquiring an additional 643,993 shares during the period. Burgundy Asset Management Ltd. raised its position in Federated Investors by 1.3% in the fourth quarter. Burgundy Asset Management Ltd. now owns 1,458,504 shares of the asset manager’s stock worth $52,623,000 after acquiring an additional 18,231 shares during the period. Finally, Northern Trust Corp raised its position in Federated Investors by 0.3% in the first quarter. Northern Trust Corp now owns 976,392 shares of the asset manager’s stock worth $32,612,000 after acquiring an additional 3,133 shares during the period. 84.50% of the stock is currently owned by institutional investors and hedge funds.

Federated Investors Company Profile

Federated Investors, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, including high net worth individuals, banking or thrift institutions, investment companies, pension and profit sharing plans, pooled investment vehicles, charitable organizations, state or municipal government entities, and registered investment advisors.

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