Credit Suisse Upgrades Federated Investors to Hold

By Ryan Adsit

Credit Suisse analyst Craig Siegenthaler upgraded Federated Investors (NYSE: FII) to Hold today and set a price target of $27. The company’s shares closed yesterday at $27.25.

According to TipRanks.com, Siegenthaler is a 2-star analyst with an average return of 0.5% and a 55.2% success rate. Siegenthaler covers the Financial sector, focusing on stocks such as Huntington Bancshares Inc., Virtus Investment Partners, and Oaktree Capital Group Llc.

Federated Investors has an analyst consensus of Hold, with a price target consensus of $35.

Based on Federated Investors’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $296 million and quarterly net profit of $52.89 million. In comparison, last year the company earned revenue of $230 million and had a net profit of $42.44 million.

Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is neutral on the stock. Earlier this month, Michael J. Farrell, a Director at FII bought 10,000 shares for a total of $260,600.

Federated Investors, Inc. engages in the provision of investment management products and related financial services. It sponsors, markets and provides investment-related services to various investment products, including mutual funds and separate accounts. The company was founded by John F. Donahue and Richard B. Fisher in 1955 and is headquartered in Pittsburgh, PA.