Citigroup Maintains Federated Investors Inc to Neutral with Price Target $29.00

Brokerage firm Citigroup Maintains its rating on Federated Investors Inc(NYSE:FII). In a research note issued to the investors, the brokerage major Lowers the price-target to $29.00 per share. The shares have been rated Neutral. The rating by Citigroup was issued on Aug 1, 2016.

In a different note, On Jul 11, 2016, Jefferies said it Maintains its rating on Federated Investors Inc. In the research note, the firm Lowers the price-target to $36.00 per share. The shares have been rated ‘Buy’ by the firm.

Federated Investors Inc (FII) shares turned negative on Mondays trading session with the shares closing down -0.09 points or -0.28% at a volume of 5,70,060. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $32.32. The peak price level was also seen at $32.32 while the days lowest was $31.97. Finally the shares closed at $32.04. The 52-week high of the shares is $34.53 while the 52-week low is $22.76. According to the latest information available, the market cap of the company is $3,304 M.

Federated Investors Inc(FII) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $286.74M. Analysts had an estimated revenue of $285.27M. Earnings per share were $0.49. Analysts had estimated an EPS of $0.48.

Several Insider Transactions has been reported to the SEC. On Jun 28, 2016, Paul A Uhlman (Vice President) sold 1,083 shares at $27.30 per share price.Also, On May 18, 2016, Richard A Novak (Principal Accounting Officer) sold 2,200 shares at $30.98 per share price.On May 18, 2016, Thomas R Donahue (VP, CFO & Treasurer) sold 60,000 shares at $30.95 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.

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