Federated Investors Receives a Sell from Credit Suisse

By Carrie Williams

Credit Suisse analyst Craig Siegenthaler reiterated a Sell rating on Federated Investors (NYSE: FII) on November 3 and set a price target of $26. The company’s shares closed last Friday at $24.95.

According to TipRanks.com, Siegenthaler is a 1-star analyst with an average return of -1.4% and a 47.7% 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.

Federated Investors’ market cap is currently $2.55B and has a P/E ratio of 12.79. The company has a book value ratio of 3.7551.

Based on the recent corporate insider activity of 46 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.