Federated Investors Inc (FII) is Downgraded by Jefferies to Hold

Federated Investors Inc (FII) was Downgraded by Jefferies to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Jefferies advised their investors in a research report released on Nov 21, 2016.

Many Wall Street Analysts have commented on Federated Investors Inc. Federated Investors Inc was Downgraded by Jefferies to ” Hold” on Nov 21, 2016. Federated Investors Inc was Upgraded by Credit Suisse to ” Neutral” on Nov 18, 2016.

On the company’s financial health, Federated Investors Inc reported $0.54 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Oct 27, 2016. Analyst had a consensus of $0.51. The company had revenue of $294.60 million for the quarter, compared to analysts expectations of $294.62 million. The company’s revenue was up 25.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 EPS.

Federated Investors Inc opened for trading at $27.6 and hit $27.79 on the upside on Monday, eventually ending the session at $27.37, with a gain of 0.44% or 0.12 points. The heightened volatility saw the trading volume jump to 15,72,155 shares. Company has a market cap of $2,798 M.

In a different news, on Nov 4, 2016, Gordon J Ceresino (Exec. Dir., Int’l Dist.) sold 5,570 shares at $26.01 per share price. According to the SEC, on Nov 4, 2016, John B Fisher (Vice President) sold 6,588 shares at $25.94 per share price. On Nov 4, 2016, Eugene F Maloney (Executive Vice President) sold 217 shares at $26.05 per share price, according to the Form-4 filing with the securities and exchange commission.

Federated Investors Inc. (Federated) 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.

Federated Investors Inc

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